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BLS data published Tuesday showed that motor vehicle maintenance and repair costs in U.S. cities increased 6.2% last month compared to a year earlier, outpacing inflation's year-over-year increase ...
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 ...
That was one of the main reasons why CPI jumped by 0.4% on a monthly basis in February. The latest PCE data from January had gas prices falling by 5.2% from December. (CPI also found gas prices ...
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 ...
The firm detailed five reasons why consumer prices could stay persistently elevated. ... it also means that economic demand and inflation is likely to be stronger than it would otherwise have been ...
One of the most-watched inflation metrics showed a slight slowdown Wednesday, a sign that the price growth that has bedeviled the U.S. economy may be easing. Inflation gauge slows, adding to signs ...
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% ...