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Overall inflation last month was held down by a big drop in gas prices, which fell 4.1% from August to September. Grocery prices jumped 0.4% last month, after roughly a year of mild increases, though they're just 1.3% higher than a year earlier.
Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source of public discontent that helped drive ...
Rent increased 0.3% for the second month, continuing a slowing trend and nudging down the annual increase from 4.3% to 4.2%, the smallest in nearly three years. Lower rents for new leases are ...
Car insurance rates increased 0.4% after milder gains in prior months, leaving prices 11.3% higher than a year ago. And airline fares increased by 3.9%, a rise that Pantheon Macroeconomics traced ...
Consumer price increases accelerated last month, the latest sign that inflation's steady decline over the past two years has stalled in recent months. According to the Federal Reserve's preferred ...
And that category has been running stubbornly higher than inflation for more than two years, BLS data shows. After peaking at 8.2% in March, it has trudged lower and now sits at an annual rate of ...
Schneider noted that the current 4.3% unemployment rate, although rising recently, remains well below the average seen during the past 50 years. Inflation, he added, also has cooled significantly ...
The yield on the 10-year Treasury note jumped Wednesday to 4.62% in response to the inflation report, a sign that investors expect interest rates, growth and inflation to be higher in the coming ...