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In the 12 months through December, the so-called core inflation advanced 2.8%, matching the increase in November. U.S. stocks opened higher. The dollar rose against a basket of currencies.
Car insurance rates increased 0.4% after milder gains in prior months, leaving prices 11.3% higher than a year ago. And airline fares increased by 3.9%, a rise that Pantheon Macroeconomics traced ...
The Federal Reserve's preferred inflation gauge, ... .2% for the month and increased 2.8% from a year ago, in line with estimates. ... higher from an annual rate of 2.4% in November to 2.6% last ...
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 ...
However, from December 1982 through December 2011, the all-items CPI-E rose at an annual average rate of 3.1 percent, compared with increases of 2.9 percent for both the CPI-U and CPI-W. [28] This suggests that the elderly have been losing purchasing power at the rate of roughly 0.2 (=3.1–2.9) percentage points per year.
The Personal Consumption Expenditures price index rose 2.6% in December from the year ... November and the annual rate of underlying inflation held pat at 2.8% for the third month in a row ...
Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. Consumer prices were up 2.7% for the 12 months ended in ...
Consumer prices rose 2.7% in November from a year earlier, up from a yearly figure of 2.6% in October. ... items as groceries and hotel rooms increased overall inflation last month, those ...