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Consumer prices overall increased 3% from a year earlier, up from 2.9% the previous month, according to the Labor Department’s consumer price index, a measure of goods and service costs across ...
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 3% over the prior year in January, an uptick from December's 2.9% annual gain in prices.
Prior to December's print, core CPI had been stuck at a 3.3% annual gain for the past four months. It was the first time since July that year-over-year core CPI saw a deceleration in price growth.
The Consumer Price Index was forecast to rise 2.9% last month, according to economists polled by financial-data firm FactSet. The CPI, a basket of goods and services typically bought by consumers ...
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 4% over the prior year in May, a slowdown from April's 0.4% month-over-month increase and 4.9% annual gain.
The U.S. inflation rate accelerated in January to 7.5 percent, with prices across a wide range of goods and services rising amid lingering shortages and supply chain disruptions.
The US CPI calculates "rental-equivalent" costs for owner-occupied housing while the HICP considers such expenditure as investment and excludes it. The Bureau of Labor Statistics, the producer of the U.S. CPI, calculated an experimental index designed for direct comparison with the HICP. [2]
The CPI rose 0.8% in February compared to January after increasing by 0.6% during the prior month. A surge in energy prices was one of the key contributors to the latest red-hot CPI print.