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Housing costs are a big driver of inflation — for now. July inflation report: New and used car prices keep falling. July CPI report: Monthly inflation falls in line with estimates, rises by 0.2%.
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices.The yearly increase matched ...
Consumer prices rose 2.9% in December compared to a year ago, ticking up from the previous month and extending a resurgent bout of inflation just days before President-elect Donald Trump takes office.
"The May report includes good news for both bulls and bears, with headline inflation slowing down to 4.0% on a year earlier basis in May while core prices remained strong, at 5.3% during the same ...
Above-average inflation is now being driven entirely by the service sector, where inflation is still uncomfortably high at 5.3%. Even there, anomalies are much of the story.
Donald Trump on Wednesday morning dismissed a hotter-than-expected inflation report as 'Biden inflation' after ... and money policies that will shape tomorrow's stock prices ... it all this time.
Markets tumbled Wednesday morning following the inflation report, with the Dow falling some 400 points as the trading day began. Borrowing costs represented by the 10-year U.S. Treasury bond climbed.
Federal Chair Jerome Powell said that a new inflation report released Friday is 'along the lines of what we want to see,' sticking to an assertion that inflation is still on a 'bumpy path' down to 2%.