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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 ...
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 ...
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 ...
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 ...
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% ...
However, the United States is still a long way from the Federal Reserve’s long-term goal of 2% annual inflation, and the bad news is that high prices for many goods and services are likely to ...
While supply chain problems and high demand may have helped spur inflation early in the pandemic, Rosolino believes there’s another key reason why prices have soared and remained high: Corporate ...
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 ...