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Projected percentage increase in home prices: 1.7% Average home value as of 8/31/2024: $1,179,422 Home value increase between August 2023 and August 2024: 13.9%
Data from the Consumer Price Index (CPI), a key metric from the Bureau of Labor Statistics used to measure inflation, show that prices increased 3.2 percent between February 2023 and February 2024 ...
Each holiday season, the PNC's Christmas Price Index tabulates the price to gift all the items in the song "The Twelve Days of Christmas," and this year, that figure amounts to $49,263.47, a 5.4% ...
Cost-push inflation is a purported type of inflation caused by increases in the cost of important goods or services where no suitable alternative is available. As businesses face higher prices for underlying inputs, they are forced to increase prices of their outputs. It is contrasted with the theory of demand-pull inflation.
A 2024 study by the USPS Inspector General found that the U.S. had a lower stamp price than 26 out of 30 comparable countries. Additionally, the overall increase in stamp prices from June 2018 to June 2023 (26%) was significantly lower than the average increase of 55% experienced by those same countries.
July 2024 data showed that the inflation rate had dropped to 2.9%, the lowest since March 2021, with used car prices returning to normal following the 2020–2023 global chip shortage. [182] Increases in rent, [183] childcare [184] and electricity [185] still outpaced inflation at around 5%.
The annual increase in consumer prices has moderated from a peak of 9.1% in June 2022. Annual revisions to the CPI data published last Friday generally showed inflation on a downward trend after ...
Daily average mortgage rates on popular terms are rising as of Friday, December 20, 2024, with sharp moves higher for 30-year terms edging closer to 6.90% — an average 20 basis points higher ...