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Fears about tariffs have sent consumers rushing to stock up on goods to avoid higher prices, helping to power consumer spending, which notched its fastest growth pace in nearly two years in the ...
Inflation is moderating, but economists expect that trend could reverse quickly if Donald Trump follows through with a proposal to impose 10%-20% tariffs on all imports and a 60% tariff on Chinese ...
News about inflation has been everywhere over the past few years. But even if you haven't been watching TV or reading the financial press, you've no doubt felt some pain in your wallet as prices ...
Inflation is the decrease in the purchasing power of a currency. That is, when the general level of prices rise, each monetary unit can buy fewer goods and services in aggregate. The effect of inflation differs on different sectors of the economy, with some sectors being adversely affected while others benefitting.
Even deporting 1.3 million workers, which is lower than the 10 to 20 million deportations Trump has advocated for, would be an “inflation shock” that lifts inflation by 1.3 percentage points ...
For example, the elderly consume roughly double the medical care of all urban consumers (studied for CPI-U and C-CPI-U) and urban wage earners and clerical workers (for CPI-W); inflation in medical care has exceeded that in much of the rest of the economy. To adjust for this, the BLS computes a consumer price index for the elderly (CPI-E). [16]
Overall consumer prices increased 2.9% from a year earlier, up from 2.7% in November, according to the Labor Department’s consumer price index, a broad measure of goods and services costs.
Inflation is improving, which is obviously good news. The annual rate of inflation peaked at 9% last June. It’s now at 4.9%. The year-over-year change in the cost of food, appliances, energy and ...