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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 ...
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.
A customer pays cash for a container of fresh fruit from a street vendor along Hollywood Blvd on July 13, 2022, in Los Angeles, California. US consumer price inflation surged 9.1 percent over the ...
The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.7% over the prior year in November, a slight uptickfrom October's 2.6% annual gain in ...
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.
A CPI is a statistical estimate constructed using the prices of a sample of representative items whose prices are collected periodically. Sub-indices and sub-sub-indices can be computed for different categories and sub-categories of goods and services, which are combined to produce the overall index with weights reflecting their shares in the total of the consumer expenditures covered by the ...
Over 40% of the monthly CPI increase was attributed to rising energy prices, as the Bureau of Labor Statistics' energy index increased 2.6% in December after energy prices had shown little change ...
Inflation report could steer Fed decision on interest rates. The inflation report provides the latest reading on consumer prices as the Federal Reserve mulls how to act on interest rates.