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That so-called shelter index accounted for nearly 90% of the monthly increase, BLS said in the report. The S&P 500 closed 0.4% higher on Wednesday as investors parsed the latest inflation report.
In December, gas prices stayed mostly in neutral, rising 0.2%, while rising shelter costs accounted for more than half of the monthly all-items increase, according to the BLS report.
The Labor Department's inflation report for the month of December showed that food and energy ... as the Bureau of Labor Statistics' energy index increased 2.6% in December after energy prices had ...
The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used ...
The Labor Department released the inflation report for December, which showed prices were up 2.9% from a year ago, in line with economists expectations and up from 2.7% in November.
Data from the Bureau of Labor Statistics released Friday showed the labor market added 254,000 payrolls in September, ... On top of the inflation report, new jobless claims also came in hotter ...
Highlights of the latest statistics on inflation. Overall inflation in March 2024: 3.5%, up from 3.2% in February Core prices (excluding food and energy): 3.8%, no improvement from last month’s ...
The cost of owning and renting a home continued to be the leading driver of inflation, the BLS noted in the report. The shelter index rose 0.5% for the month and was the “main factor” in the ...