Search results
Results From The WOW.Com Content Network
Inflation rose to a high of 4.7% during Johnson's presidency in 1968 (it reached 6.2% in 1969, but he was only president for the first 20 days of the year, of course).
The increase in the core rate is higher than the Fed would prefer. Still, for the past six months, core inflation has declined to a 2.3% annual rate, down from 2.5% in August.
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 ...
Real GDP growth rate by president since 1947 (the quarter in which a new president takes office is attributed to the incoming president) [14] President Political party Period of presidency Average annual real GDP (in trillions) Average annual percentage growth Harry S. Truman (data available from 1947) Democratic: 1945–1953 2.43 4.88%
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 ...
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices.The yearly increase matched ...
If core prices continue to match December's pace, inflation should move closer to the Fed's 2% target. The report shows that core inflation “is on the downslope,” said Mike Skordeles, head of ...
The core inflation model was subsequently developed and advocated by Otto Eckstein, in a paper published in 1981. [2] According to the economic theory historian Mark A. Wynne, "Eckstein was the first to propose a formal definition of core inflation, as the 'trend rate of increase of the price of aggregate supply.'” [ 3 ]