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The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 4% over the prior year in May, a slowdown from April's 0.4% month-over-month increase and 4.9% annual gain.
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices.The yearly increase matched ...
The 2022 number will then be compared with the third quarter average of 2021 to determine the percentage of change for 2023. September’s CPI numbers are expected to be announced on Oct. 13, The ...
The shelter index is up 4.6% over the past year, which is the smallest 12-month increase since January 2022. Transportation prices rose 0.5% in December and are up 7.3% from a year ago.
Rent edged back up a bit, increasing 0.3% following a 0.2% rise in November that marked the smallest monthly increase since July 2021. Yet that’s still a slowdown from a sharp run-up the past ...
The Consumer Price Index was initiated during World War I, when rapid increases in prices, particularly in shipbuilding centers, made an index essential for calculating cost-of-living adjustments in wages. To provide appropriate weighting patterns for the index, it reflected the relative importance of goods and services purchased in 92 ...
With 2023 fast approaching, Social Security beneficiaries will soon get a definite answer on how much their monthly payments will go up next year based on the current quarter's inflation rate. For...
The Consumer Price Index (CPI) rose 3.2% in July over the prior year, a slight acceleration from June's 3% annual increase. Prices were up 0.2% in July from the previous month, in line with June's ...