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Core prices rose 3.3% over last year, marking an uptick from the 3.2% seen in December, which was the first time since July that year-over-year core CPI showed a deceleration in price growth.
One-year inflation expectations jumped to 4.3% in February from 3.3% last month, marking the the fifth time in 14 years that the survey reported a rise of 1 percentage point or more in year-ahead ...
And it pushed down the annual increase from 4.4 to 4.3%, the smallest since February 2022. Lower rents for new leases are finally filtering into rates for existing tenants. The pullback is a big ...
Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall.
The numbers on Tuesday showed wholesale inflation rose 0.2% in December on a monthly basis, compared to an estimated 0.4% increase. The reading climbed 3.3% from a year ago, below the projected 3. ...
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.
Benchmark 10-year U.S. Treasury yields, which reflect economic growth and inflation expectations, surged over 10 basis points and were last at 4.65%, their highest in almost three weeks.
President-elect Donald Trump on Monday will sign a memorandum aimed at fighting inflation after he takes office that calls for an "all of government" response to bring down costs for Americans, an ...