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The consumer price index for urban wage earners and clerical workers (CPI-W) is a continuation of the historical index that was introduced after World War I for use in wage negotiation. [23] As new uses were developed for the CPI, the need for a broader and more representative index became apparent.
But prices spiked in the pandemic, and the annual inflation rate reached a 40-year high of 9.1% in mid-2022. The Fed stepped in, raising interest rates dramatically in 2022 and 2023 to cool the ...
That's helped lower the inflation rate to its current level from a recent peak of 9.1% in June 2022, yet the last leg of the Fed's journey to push inflation down to a 2% annual rate is proving ...
English: Consumer price index from 1914-2022 compared to M2 money supply increases. Date: 10 June 2022: ... Monetary policy of the United States; Global file usage.
Economists polled by Reuters had forecast the CPI gaining 0.4% on the month and 3.4% year-on-year. The annual increase in consumer prices has slowed from a peak of 9.1% in June 2022.
Description: U.S. Consumer Price Index, a measure of inflation, 1913–2022. 100=1982–84 Date: 8 February 2023: Source: Data source at , specifically in the "... index averages" table in this PDF file (US Government – public domain); Original image at File:Consumer Price Index US 1913-2004.png
The economic data published on FRED are widely reported in the media and play a key role in financial markets. In a 2012 Business Insider article titled "The Most Amazing Economics Website in the World", Joe Weisenthal quoted Paul Krugman as saying: "I think just about everyone doing short-order research — trying to make sense of economic issues in more or less real time — has become a ...
March 10, 2022 at 8:30 AM. ... The Bureau of Labor Statistics' Consumer Price Index (CPI) rose 7.9% in February compared to last year, marking the fastest annual jump since 1982. ... And over last ...