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Inflation rates have dramatically fallen since they topped 9% in June 2022. The current annual inflation rate is 2.5%, the lowest it's been since February 2021. That's a significant drop; however,...
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 ...
The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Consumers aren't cutting back enough to cause an economic downturn.
At the end of the day, the Fed just needs to maintain confidence that the inflation monster will someday go away, and inflation’s steady slowdown over the past year has so far helped in that ...
It also assumed a central place in the presidential election, with inflation leading many Americans to turn sour on the Biden-Harris administration's handling of the economy. The reluctance of consumers to keep paying more has forced companies to slow their price increases — or even to cut them. The result is a cooling of inflation pressures.
Primarily driven by supply chain bottlenecks, inflation is a threat to the health of the economy, but the rise in prices has been good for some.
The annual inflation rate for rent is 5.1%, still fairly high. But that’s down from a peak of 8.8% last year, and economists think rents will continue to moderate and in some cases decline.
The price of rent, food, gas and just about everything else climbed in February as the Consumer Price Index (CPI) jumped by 7.9% over the last year. That's nearly four times the Fed's target rate ...