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Consumer prices rose at the slowest pace since April 2021 as inflation showed further signs of cooling in May, according to the latest data from the Bureau of Labor Statistics released Tuesday ...
Consumer prices rose 2.9% in December compared to a year ago, ticking up from the previous month and extending a resurgent bout of inflation just days before President-elect Donald Trump takes office.
Housing costs are a big driver of inflation — for now. July inflation report: New and used car prices keep falling. July CPI report: Monthly inflation falls in line with estimates, rises by 0.2%.
However, following the strong payroll report, market commentators say they're still concerned that inflation may not be completely in the rear-view — and next week's consumer price index report ...
Inflation has remained above the Federal Reserve's 2% target on an annual basis. But recent economic data, including a sell-off-inducing July jobs report, has helped fuel a narrative the central ...
As a consequence, economists at Goldman Sachs have forecast that core inflation would amount to 2.7% by the end of 2025. Without tariffs, they estimate it would drop to 2.4%.
Meanwhile, the energy index decreased by 1.9% in September, after falling 0.8% in August as gas prices declined a sizable 4.1% last month. On a yearly basis, the energy index was down 6.8%.
But even with that targeted approach, the consensus is that it will act as a dreaded inflation bomb. In this case, the report predicts inflation could increase by 0.6 percentage points. Fiscal Tension