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Higher prices and inflation are first and foremost tied to the cost of fuel and electricity, in Gutheinz’s professional opinion. “America has an abundance of cheap oil, natural gas and coal ...
“The good news is that shelter costs slowed down to 0.2%, month-on-month, and 4.9%, year-over-year. However, it also showed that there are still plenty of upside risks for inflation going ...
Inflation rates have dramatically fallen since they topped 9% in June 2022. The current annual inflation rate is 2.5%, the lowest it’s been since February 2021. That’s a significant drop ...
By the time Biden took office, the price was back up to $212. After several fits and starts, the travel industry recovered, prices started rising, and the average cost of airfare topped out at ...
T he annual inflation rate has cooled, new data from the U.S. Bureau of Labor Statistics revealed on Wednesday.. The July consumer-price index shows an annual inflation rate of 2.9%, slightly ...
Inflation stands at its lowest level in more than three years, hovering right near the Federal Reserve’s target rate of 2%, U.S. Bureau of Labor Statistics data this week showed.