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(The Center Square) – Annual inflation rates increased last month. The U.S. Bureau of Labor Statistics released its latest Consumer Price Index, a key marker of inflation, which showed that ...
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.
(The Center Square) – Prices rose again last month, according to newly released federal inflation data. The U.S. Bureau of Labor Statistics on Wednesday released its Consumer Price Index, a key ...
As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy, especially for inflation-targeting monetary policy by the Federal Reserve. Now however, the Federal Reserve System targets the personal consumption expenditures (PCE) price index instead of CPI as a measure of ...
The current conditions index, which evaluates the near-term outlook for consumer demand, inflation, and economic growth, declined by 7.2% month over month, largely due to a double-digit drop in ...
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[148] [149] [150] BLS data showed that inflation eased on July to 8.5% [151] [152] from the 40-year peak reached in June at 8.9%. [153] Annual inflation increased to 8.3% in August 2022, in part due to rising grocery prices. [154] In September, the Fed increased the interest for a fifth time in the year reaching a 14-year high. [155]
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. Inflation rose to 5-month high in December.