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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 ...
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices.The yearly increase matched ...
Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Excluding ...
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%.
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 ...
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%.
Above-average inflation is now being driven entirely by the service sector, where inflation is still uncomfortably high at 5.3%. Even there, anomalies are much of the story.