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In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [156] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden, who took office in January 2021, being net negative starting in October of that year. [157]
Core CPI (blue) is less volatile than the full CPI-U (red), shown here as the annual percentage change, 1983–2021. A Core CPI index is a CPI that excludes goods with high price volatility, typically food and energy, so as to gauge a more underlying, widespread, or fundamental inflation that affects broader sets of items. More specifically ...
For the first time since November 2021, joblessness is now at 4.1 percent, still historically low but up from 3.4 percent last year. The number of job openings per every unemployed worker is back ...
Shadowstats.com is a website that analyzes and offers alternatives to government economic statistics for the United States.Shadowstats primarily focuses on inflation, but also keeps track of the money supply, unemployment and GDP by utilizing methodologies abandoned by previous administrations from the Clinton era to the Great Depression.
The Consumer Price Index, a measurement of price changes for a commonly purchased basket of goods and services, briskly retreated from a 2.9% annual increase in July to 2.5% in August, marking the ...
The 5% jump in inflation marks the slowest annual increase in consumer prices since May 2021 but is still significantly above the Federal Reserve's 2% target. ... "What this print showed, and what ...
The latest inflation data will further ease pressure on consumers saddled by a yearslong bout of elevated price increases. Inflation cooled in July, reaching lowest level since March 2021 Skip to ...
The Fed's preferred inflation gauge logged its lowest annual increase since March 2021 in January, matching Wall Street forecasts, while monthly prices rose at the fastest rate in a year.