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  2. 2021–2023 inflation surge - Wikipedia

    en.wikipedia.org/wiki/2021–2023_inflation_surge

    Annual inflation increased to 8.3% in August 2022, in part due to rising grocery prices. [154] In September, the Fed increased the interest for a fifth time in the year reaching a 14-year high. [155] 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]

  3. United States Consumer Price Index - Wikipedia

    en.wikipedia.org/wiki/United_States_Consumer...

    As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy, especially for inflation-targeting monetary policy by the Federal Reserve. Now however, the Federal Reserve System targets the personal consumption expenditures (PCE) price index instead of CPI as a measure of ...

  4. Consumer price index - Wikipedia

    en.wikipedia.org/wiki/Consumer_price_index

    A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...

  5. Here’s How Inflation and Prices Have Compared Under ... - AOL

    www.aol.com/finance/inflation-prices-compared...

    In February 2022, it rose to $2 and has never receded below that mark since. By the start of August 2022, a dozen eggs cost $3, then $4 by December 2022 before peaking at an all-time high of $4.82 ...

  6. Inflation 2022: How Rising Prices Happened and Affected Us ...

    www.aol.com/finance/inflation-2022-rising-prices...

    “The inflation of 2022 was caused by a convergence of factors,” said Collin Plume, a 20-year financial services industry veteran and CEO of Noble Gold Investments. “Supply chain jams ...

  7. Inflation gauge closely watched by the Fed falls to lowest ...

    www.aol.com/inflation-gauge-closely-watched-fed...

    Inflation peaked at 7.1% in June 2022 after the economy had accelerated out of the pandemic recession at a time of severe shortages of parts and labor, according to the gauge released Thursday ...

  8. Personal consumption expenditures price index - Wikipedia

    en.wikipedia.org/wiki/Personal_consumption...

    The PCE price index (PePP), also referred to as the PCE deflator, PCE price deflator, or the Implicit Price Deflator for Personal Consumption Expenditures (IPD for PCE) by the Bureau of Economic Analysis (BEA) and as the Chain-type Price Index for Personal Consumption Expenditures (CTPIPCE) by the Federal Open Market Committee (FOMC), is a United States-wide indicator of the average increase ...

  9. Inflation: Grocery prices in August rose 13.5%, the highest ...

    www.aol.com/finance/inflation-grocery-prices...

    Despite inflation cooling down a bit in August, up 8.3%, Americans can still expect to pay up on their next trip to the grocery store.. According to the Bureau of Labor Statistics' August Consumer ...