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However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
For example, each quarter the United States releases data on gross domestic product (GDP). This economic indicator allows investors to analyze the performance of the US economy over the previous three-month period, and make comparisons against the previous year. How fast the US economy grows can have a significant impact on market behavior.
While inflation has since fallen, the COVID-19 pandemic shocked the economy and contributed to a 2022 8% inflation rate that was the highest since the 1980s. 2020: 1.2%. 2021: 4.7%. 2022: 8%. 2023 ...
After peaking at 9.1% in June 2022, the United States inflation rate declined steadily into 2023, representing overall disinflation. Analysis conducted by NerdWallet on October 2023 data found that prices for 92 of the 338 goods and services measured in CPI had declined from one year earlier, representing deflation for those items. [ 162 ]
Had the official threshold increase been applied for the supplemental rate, that rate would have declined to 12.0% from 12.4% the prior year. In 2023, the threshold for the official rate increased ...
US consumer prices rose 3.4% annually to close out 2023, capping a year of substantial progress on efforts to rein in decades-high inflation. America’s final inflation report for 2023 just came ...
This work is in the public domain in the United States because it is a work prepared by an officer or employee of the United States Government as part of that person’s official duties under the terms of Title 17, Chapter 1, Section 105 of the US Code.
The most recent consumer price index (CPI) report puts inflation at 4.98%, a welcome decline from the absolutely crazy highs seen in 2022, but still well above the 3.28% long-term historical ...