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The September rate marked the lowest annual inflation rate since February 2021. Inflation has been drifting sporadically down toward 2%, the target set by the Federal Reserve.
Consumer prices were unchanged from the prior month in October as a drop in oil prices dragged down headline inflation while "core" inflation rose at the slowest annual pace since September 2021 ...
Trump's plans could boost the inflation rate by as much 1 percentage point, bringing it to an annual rate of about 3.6% — above the Fed's 2% goal — some Wall Street experts have forecast.
Wednesday’s inflation readings were exactly what economists had anticipated: Consensus estimates called for a 0.2% monthly increase and for the annual rate to climb to 2.3%, according to FactSet.
For the month of October, the three-month annualized rate for core CPI rose to 3.6% versus the prior 3.1%. ... Shelter contributed to over 50% of the monthly increase in overall inflation during ...
Inflation in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose 2.6% over the 12 months to October, driven by higher housing and food costs ...
Rates had been at the highest level since 2001 before the Fed cut rates for the first time in four years in September with a 50 basis point cut amid signs of easing inflation. Although the October ...
The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts.