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Focus is back on the inflation front in markets this week, and the release of the November Consumer Price Index (CPI) is expected to show price increases continued to make little progress toward ...
Blame COVID. Or the economic gyrations that followed the public health crisis. “The story is still just we’re unwinding from these large shocks that the economy got in 2021 and 2022," Powell said.
From June 2021 to June 2022, the U.S. has seen inflation raise prices by around 9.1%, according to BLS data. Inflation has made going back to school more expensive. Here's where you can get help.
The years-long battle to tame inflation has taken a back seat to concerns over keeping Americans employed. The Fed isn't done looking at inflation data yet: Morning Brief [Video] Skip to main content
On Wednesday morning, key January consumer inflation data are due. Economists, on average, expect overall inflation to be up 2.8% from a year earlier, slightly lower than December's 2.9% ...
The anticipation of higher inflation might be affecting actual inflation, Zandi explained, as consumers who expect prices to go up tend to purchase more in the present, driving prices higher.
"Overall, year-over-year headline inflation fell to 4.0% from 4.9%, thanks to the anniversary of a big m/m increase in May last year, and a similar story in June means the y/y rate should drop to ...
The energy index decreased 3.6% from April to May on a seasonally adjusted basis, led by a 7.7% drop in fuel oil prices, while food prices rose 0.2%. Egg prices fell a whopping 13.8% in May after ...