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According to updated economic forecasts from the Fed's Summary of Economic Projections (SEP), the central bank sees core inflation hitting 2.5% next year, higher than its previous projection of 2. ...
New inflation data out Wednesday showed consumer prices rose as forecast in October, keeping the Federal Reserve on track to lower interest rates again in December.
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.
The rate of price rises in the UK is likely to have increased last month, as a hike in tobacco duty and petrol costs drove inflation higher. The Office for National Statistics (ONS) will announce ...
UK inflation has dropped to its lowest level for more than two years thanks to falling fuel costs and another slowdown in food price rises. The Office for National Statistics (ONS) said the rate ...
The Federal Reserve’s favored inflation gauge just moved in the wrong direction. ... adding he expects holiday spending to outpace the National Retail Federation’s forecasts for a 2.5% to 3.5% ...
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The ONS said that Consumer Prices Index inflation stood at 3.4% in February, down from 4% in January and the lowest level since September 2021.