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Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. Inflation rose to 5-month high in December.
Shelter, for instance, is considered one of the most important items in the overall CPI index — coincidentally one of the hottest corners of inflation right now. That might be why prices have ...
The debate over inflation continues as politicians point fingers, but economists say there are many reasons why prices are sky high. Natasha S. Alford breaks it down on this episode of “That’s ...
Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new reading did show some signs of easing.. On a ...
Used car and truck prices are up 31% over the previous year. AP Photo/David ZalubowskiConsumer prices jumped 6.8% in November 2021 from a year earlier – the fastest rate of increase since 1982 ...
Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [233] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [234] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [235]
But in recent months, inflation has shown signs of cooling. In June, the rate of inflation fell 0.1%, marking the lowest monthly growth rate since May 2020 and a two-thirds decrease from June 2022.
Americans despise inflation. It's a loathing that colors their perception of the economy and their personal finances. And even if the Federal Reserve hits its so-far unmet inflation target of 2% ...