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Shelter moderates, food remains sticky. Notable callouts from the inflation print include the shelter index, which rose 4.7% on an unadjusted, annual basis, lower than October's 4.9% increase.
The Commerce Department also reported on Friday that in the year through November, the PCE price index advanced 2.4% after rising 2.3% in October. Excluding the volatile food and energy components ...
Meanwhile, the energy index decreased by 1.9% in September, after falling 0.8% in August as gas prices declined a sizable 4.1% last month. On a yearly basis, the energy index was down 6.8%.
Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday ...
The latest inflation data will further ease pressure on consumers saddled by a yearslong bout of elevated price increases. Inflation cooled in July, reaching lowest level since March 2021 Skip to ...
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 ...
Federal Reserve Chair Jerome Powell speaks during a news conference following an FOMC meeting on July 26 in Washington, D.C. Thursday's inflation data will be key for the Fed's economic policy.
This is The Takeaway from today's Morning Brief, ... The latest batch of inflation data offered the Fed a brightly illuminated, fog-free runway for an ambitious soft landing.