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Consumer prices rose 0.5% from December — the fastest pace since August 2023 — resulting in an annual inflation rate of 3% for the 12 months that ended in January, according to the latest ...
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall.
The U.S. Bureau of Labor Statistics on Wednesday released its Consumer Price Index, a key marker of inflation, which jumped 0.4% in December, part of a 2.9% increase over the last year.
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 ...
Wage growth has since slowed, but the inflation rate has fallen faster, allowing income gains to keep up with rising prices from early 2023 through today. Find Out: The 50 Happiest States in ...
America’s inflation continued to slow in September, reaching a fresh three-and-a-half-year low and coming in at a pace that’s similar to what was seen in 2017 and 2018, according to data ...
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. Inflation rose to 5-month high in December.
Mortgage rates, which are strongly influenced by the yield on the 10-year Treasury note, rose for the fourth consecutive week to 6.9%, far above the pandemic-era lows of below 3%.