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Meanwhile, the energy index rose 0.2% month over month after holding steady in October. On a yearly basis, the energy index was down 3.2% in November after a 4.9% decline the previous month.
In the 12 months through November, the so-called core inflation increased 2.8% after advancing by the same margin in October. ... The increase in the annual inflation rate was partly due to last ...
Air fares jumped 1.5% just last month and have risen 5.1% from a year earlier, while hotel room prices rose 0.5% from September to October. Restaurant prices moved up 0.3% in October and 3.6% from ...
The personal consumption expenditures price index, a gauge the Fed focuses on to measure the cost of goods and services in the U.S. economy, rose 0.1% for the month, putting the 12-month inflation ...
An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The milder inflation figures arrive ...
Schneider noted that the current 4.3% unemployment rate, although rising recently, remains well below the average seen during the past 50 years. Inflation, he added, also has cooled significantly ...
First came the breakneck acceleration in price growth amid reopenings and job changes, when the 12-month inflation rate surged from less than 1% in June 2020 to more than 9% in June 2022.
Examples where inflation has accelerated sharply include the cost of cinema, theatre and concert tickets, which jumped 9.7% in the 12 months to November compared with a rise of 3.0% in the year to ...