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Overall prices were up 3.5% from March 2023 and up from February's 3.2% increase. ... Inflation remains dramatically lower than the 40-year high of 9.1% in June 2022. Used cars, furniture and ...
Consumer prices rose 2.7% in November from a year earlier, up from a yearly figure of 2.6% in October. ... a nearly 6% annual pace in 2022 to about 4% now, a rate nearly consistent with inflation ...
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.
Similarly, the year-over-year increase in rent was the coolest since February 2022. It was a different story for used-car prices, which saw another strong uptick for the fourth consecutive month.
In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [ 156 ] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden , who took office in January 2021, being net negative starting in October of that year ...
As Paul Davidson with USA Today found in April of this year, Florida had one of the highest inflation rates in any state, at 3.91, which is still above the national average, due in part to housing ...
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
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