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In the United States, some Democratic politicians, [57] [58] economists and observers [59] have contended that price gouging and 'greedflation' exacerbated the inflation surge in the United States. [ 57 ] [ 60 ] [ 61 ] They argue that the market concentration that has occurred in recent decades in some major industries, especially retailing ...
The Personal Consumption Expenditures price index rose 2.6% in December from the year before, heating up from November’s 2.4% increase, according to new Commerce Department data released Friday.
Some likely one-time price spikes pushed up overall inflation, with gas prices jumping 4.4% just in December. Prices at the pump have risen by much less since then, moving up 7 cents on Wednesday ...
Price pressures picked up in the fourth quarter, stalling the progress in lowering inflation. The U.S. central bank kept rates unchanged on Wednesday for the first time since launching its policy ...
By 2000, the United States had established a US$8,000 lead over Canada. The situation deteriorated further after a 2014-15 shock in oil prices, with Canadian per-capita real GDP growing at just 0.4% annually, compared to the 1.4% average of surveyed advanced economies.
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 ...
The annual percent change in the US Consumer Price Index for All Urban Consumers is one of the most common metrics for price inflation in the United States. The United States Consumer Price Index (CPI) is a family of various consumer price indices published monthly by the United States Bureau of Labor Statistics (BLS). The most commonly used ...
Last week, Federal Reserve Chair Jerome Powell said central bank officials in the United States needed “greater confidence that inflation is moving sustainably” toward their 2% target before ...