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The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month from October, up from 0.3% the month before.
The headline PPI was expected to increase partly due to unfavorable comparisons to this time last year, when inflation slowed sharply. For more CNN news and newsletters create an account at CNN ...
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Excluding ...
Shelter moderates, food remains sticky. Notable callouts from the inflation print include the shelter index, which rose 4.7% on an unadjusted, annual basis, lower than October's 4.9% increase.
Price growth sped up a bit in November, a sign that efforts to cool inflation may be stalling. Over the past 12 months, the consumer price index climbed 2.7%, the Bureau of Labor Statistics ...
Inflation in New Zealand exceeded forecasts in July 2022, reaching 7.3%, which is the highest since 1990. [232] Economists at ANZ reportedly said they expected faster interest rate increases to counteract inflationary pressures. [233] In Fiji, inflation rose to 4.7% in April 2022 compared to –2.4% in 2021. [234]
Most of the rise in inflation reported by the Labor Department on Wednesday came from higher food prices as well as more expensive motel and hotel rooms. "The data have given the Fed the 'all ...
Inflation in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose 2.6% over the 12 months to October, driven by higher housing and food costs ...
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