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Arghhhh! Inflation is really bad right now. The annualized inflation rate jumped from 8.6% in May to 9.1% in June, the highest level since 1981. Everybody who drives a car knows skyrocketing ...
But in recent months, inflation has shown signs of cooling. In June, the rate of inflation fell 0.1%, marking the lowest monthly growth rate since May 2020 and a two-thirds decrease from June 2022.
The report shows that core inflation “is on the downslope,” said Mike Skordeles, head of U.S. economics at Truist, a bank. “If the trends continue, the Fed might still end up cutting at some ...
Used car and truck prices are up 31% over the previous year. AP Photo/David ZalubowskiConsumer prices jumped 6.8% in November 2021 from a year earlier – the fastest rate of increase since 1982 ...
On Thursday, the US economy got more good news in the latest Consumer Price Index, the most widely used inflation gauge that measures the average price changes for commonly purchased goods and ...
Inflation wreaked havoc on Americans' finances for much of 2022 and 2023. But thankfully, things have been better this year, with annual inflation rising at a much slower pace.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. Inflation rose to 5-month high in December.
The latest data, which came out Wednesday after Biden's recent remarks, pegs the current year-over-year inflation rate at 3.4%, a slight downtick from a 3.5% rate in March.