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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.
And though these figures come from a different data set, Friday’s jobs report showed wage gains continued to impress, rising 0.6% over the prior month in January and 4.5% over last year. And ...
The country reached an 8.3% inflation rate in August, the most recent month for which Consumer Price Index data is available from the Bureau of Labor Statistics. See: Consumer Price Index Shows...
The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used ...
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.
Higher energy costs caused the inflation to rise further in 2022, [137] peaking at 9.1%, a high not seen since 1981. [7] The housing shortage has been cited as a major factor in inflation in the US, [ 47 ] [ 48 ] [ 49 ] with Katy O'Donnell of Politico arguing that housing shortages were the single biggest contributor to inflation. [ 50 ]
On a monthly basis, prices rose by 0.3% after rising 0.2% for the prior four months. Economists were expecting inflation to pick up by 0.2% from October and record a 2.7% annual increase ...
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 ...