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That seasonal price impact could add another 30 cents per gallon, putting the total increase in gasoline prices at $1 per gallon if the tariffs remain in place at the onset of spring, Fitzgerald said.
A fresh update on inflation will come next week with the release of the Consumer Price Index (CPI) for December. ... an increase from the 2.7% in November. Prices are set to rise 0.3% on a month ...
In August, the U.S. consumer price index saw an annual increase of 2.5%, compared with the 9.1% increase registered in June 2022. As inflation cools, the Federal Reserve has begun shifting away ...
Grocery prices rose 0.3%, easing after an outsized 0.5% increase in November. Last month, the cost of eggs leaped by 3.2% following an 8.2% rise the previous month amid a two-year bird flu outbreak.
The market is entering the final two trading days of 2024, and stocks are set to post another strong year of gains. The Nasdaq Composite once again led the charge in 2024, rising more than 30% ...
U.S. consumers expect inflation to increase over the next 12 months and beyond, likely reflecting concerns that broad tariffs on imports pledged by President-elect Donald Trump's incoming ...
Data showed an increase of 227,000 jobs, but the unemployment rate ticked up to 4.2%. Fed fund futures trading as of mid-day Friday indicated a nearly 90% chance the central bank would cut by 25 ...
The producer price index released a day earlier on January 14 reported a modest 0.3% increase in wholesale prices in December, rising 3.3% year over year, up from 3% in November.