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Even as price pressures eased from the 9.1% peak of the current inflation cycle, last month's reading marked the second-hottest December CPI print since 1981, topped only by 7.1% in December 2021.
Mark Zandi, chief economist of Moody's Analytics, analyzed United States Consumer Price Index components following the May 2022 report that showed an 8.6% inflation rate in the U.S. He found that by then the 2022 Russian invasion of Ukraine was the principal cause of higher inflation, comprising 3.5% of the 8.6%.
Per the CPI, four of the six grocery food indexes were up month over month. Fresh fruits and vegetables went up 1.4% in November (this, after falling by 0.9% the month prior).
The index rose 0.5% over the previous month, the largest monthly headline increase since August 2023 and a slight acceleration from the 0.4% rise seen in December. Economists had expected a 0.3% ...
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 indices are the CPI-U and the CPI-W, though many alternative versions exist for different uses. For example, the CPI-U is the most popularly cited measure of ...
America’s red-hot inflation rate just got hotter. The consumer price index (CPI), which measures a variety of goods and services, rose 8.5% in March from a year earlier. The CPI report for March ...
That’s the third increase following six drops and it leaves annual inflation at the highest level since July. Economists surveyed by Bloomberg expected a jump to 2.9% On a monthly basis, costs ...
Inflation has fallen sharply since it peaked at 7% in mid-2022, according to the Fed's preferred measure. Yet yearly core inflation has fluctuated between 2.6% and 2.8% since February.