Search results
Results From The WOW.Com Content Network
The concept of core inflation as aggregate price growth excluding food and energy was introduced in a 1975 paper by Robert J. Gordon. [1] This is the definition of "core inflation" most used for political purposes. The core inflation model was subsequently developed and advocated by Otto Eckstein, in a paper published in 1981. [2]
Excluding volatile food and energy costs, so-called core prices increased 3.3%, the same as in the previous month. ... inflation in the United States moved slightly higher last month in the latest ...
While the report from the Commerce Department on Friday showed a modest gain in prices excluding the volatile food and energy components on a monthly basis, the annual increase in the so-called ...
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts. ... Core CPI, or prices excluding the volatile energy and food costs, rose 3.2% ...
And much of the decline in inflation in 2023 and early last year stemmed from supply-chain improvements, but that trend has mostly played out. Excluding the volatile food and energy categories, core consumer prices rose 3.3% in January compared with a year ago, up from 3.2% in December.
Prices for so-called core items, which exclude food and energy, were expected to have remained unchanged in January, at about 3.2%. That is well above the Federal Reserve’s official 2% goal.
Core inflation, excluding food and energy, increased 3.3% year-over-year, exceeding forecasts of 3.1%. Among major CPI components, fuel oil jumped 6.2% month-over-month, while the index for meats ...
Tuesday's wholesale inflation reading comes ahead of a highly anticipated release of December CPI. ... Excluding food and energy, "core" prices rose 3.5% year over year, above November's 3.4% gain