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The Democratic presidents were in office for a total of 429 months, with 164,000 jobs per month added on average, while the Republicans were in office for 475 months, with a 61,000 jobs added per month average. This monthly average rate was 2.4 times faster under Democratic presidents. [7]
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
Prior to December's print, core CPI had been stuck at a 3.3% annual gain for the past four months. It was the first time since July that year-over-year core CPI saw a deceleration in price growth.
And hotel rates fell 1%, partly reversing a 3.2% increase the previous month. Some goods prices also moderated. Appliances slid 2.9% while furniture slipped nearly 1% and apparel inched up just 0.1%.
Inflation measured by the consumer price index for all items rose from 1.3% in 2016 to 2.1% in 2017 and 2.5% year-to-date (YTD) June 2018. This was mainly driven by higher energy prices. Core inflation, which excludes volatile food and energy prices, was relatively flat, at 2.2% in 2016, 1.8% in 2017, and 2.1% YTD June 2018. [263]
U.S. Federal Reserve officials took little fresh signal from consumer price data published on Thursday as they gauge whether inflation is headed firmly enough back to the central bank's 2% target ...
Since 1996 the United Kingdom has also tracked a Consumer Price Index (CPI) figure, and in December 2003 its inflation target was changed to one based on the CPI [39] normally set at 2%. [40] Both the CPI and the RPI are published monthly by the Office for National Statistics. Some rates are linked to the CPI, others to the RPI.
The highest monthly rate during Biden’s presidency was 9.1% in June 2022, compared to a peak of 2.9% under Trump in June and July 2022, according to consumer price index data from the Bureau of ...