Search results
Results from the WOW.Com Content Network
US consumer price inflation surged 9.1 percent over the past 12 months to June, the fastest increase since November 1981, according to government data released on July 13.
Inflation had barely registered on America's radar in recent years. But prices spiked in the pandemic, and the annual inflation rate reached a 40-year high of 9.1% in mid-2022.
Inflation rose 2.7% on an annual basis in November, according to the latest government report on the Consumer Price Index, or CPI. Last month's CPI was forecast to come in at 2.7%, according to ...
Meanwhile, the energy index rose 0.2% month over month after holding steady in October. On a yearly basis, the energy index was down 3.2% in November after a 4.9% decline the previous month.
The Labor Department released new inflation data for November, which showed that prices were up 2.7% from a year ago as the Federal Reserve weighs another interest rate cut.
A shopper walks by the sodas aisle at a grocery store in Los Angeles April 7, 2011. On the streets of America, the debate over inflation is over.
When removing the volatile food and energy categories, "core" inflation fell to an annual rate of 3.9% from 4.0% the month prior. Economists surveyed by Bloomberg had expected core inflation of 3.8%.
A closely watched report on US inflation showed consumer price increases ticked lower on an annual ... On top of the inflation report, new jobless claims also came in hotter than expected, surging ...