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T he annual inflation rate has cooled, new data from the U.S. Bureau of Labor Statistics revealed on Wednesday.. The July consumer-price index shows an annual inflation rate of 2.9%, slightly ...
Those cuts lowered the central bank’s key rate to 4.6%, down from a four-decade high of 5.3%. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% ...
As our Chart of the Week shows, headline PCE inflation, which includes all categories, showed prices actually fell from the prior month by 0.1%. This marked the first outright decline in prices ...
In 2022 and 2023, the central bank hiked its key rate from near zero to a range of 5.25% to 5.5% to wrestle down a pandemic-related price spike that propelled annual inflation to a 40-year high of ...
The latest Consumer Price Index report wasn’t flashy by any means: The inflation gauge that measures price changes for a basket of goods and services ticked down slightly to 3.1% for the 12 ...
For the 12 months ending in January, inflation amounted to 7.5% — the fastest year-over-year pace since 1982 — the Labor Department said Thursday. Consumers felt the price squeeze in everyday ...
Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Consumer prices were up 2.7% for the 12 months ended in ...
The inflation of the 1970s and early 1980s peaked at 14.8% in March 1980 before the Fed exorcized high prices with aggressive rate hikes that caused brutal back-to-back recessions in 1980 and 1981 ...