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Over the past 12 months, gasoline prices have risen 1.3 percent, well below the peak jump of 59.9 percent in June 2022 but still the first year-over-year increase since September 2023.
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. The cost of services such as car ...
Blinder and Watson estimated that the S&P 500 returned 8.4% annually on average under Democrats versus 2.7% under Republicans, a difference of 5.7% percentage points. This computation used the average value in last year of the president's term, minus the average value in last year of previous term. [1]
What economists are saying about the highest inflation in nearly 40 years. ... posted a 7.0% year-over-year increase at the end of 2021 in the fastest increase since 1982. This matched consensus ...
That was especially true in 2022, when US inflation hit 9.1%, its highest annual rate in more than 40 years. As of last month, annual inflation was 3.4%, according to the Consumer Price Index.
Economists expect the latest official data to reveal Consumer Prices Index inflation jumped to 10.7% last month from 10.1% in September. Inflation 'to hit 40-year high' but relief may come soon ...
The figure matches the 40-year high inflation hit in July and remains well above the Government’s target of 2%. ... leaping by 14.5% compared with the same month last year, representing the ...
The cost of food, housing and energy have shot up the most, with gas prices 40% higher year-over-year. ... a key gauge on inflation rates — rose 7.5% from a year ago. The cost of food, housing ...