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The current conditions index, which evaluates the near-term outlook for consumer demand, inflation, and economic growth, declined by 7.2% month over month, largely due to a double-digit drop in ...
Soaring inflation expectations factored into the 5.25 percentage points worth of hikes in the policy rate in 2022 and 2023. Concerns about higher prices are chipping away at consumer sentiment ...
We asked the Yahoo Finance community to tell us what might happen in 2023. You told us to watch 3-D printed houses, shipping stocks, used-car prices—and the metaverse. 11 predictions for 2023 ...
The Consumer Price Index was initiated during World War I, when rapid increases in prices, particularly in shipbuilding centers, made an index essential for calculating cost-of-living adjustments in wages. To provide appropriate weighting patterns for the index, it reflected the relative importance of goods and services purchased in 92 ...
With the latest data in the Consumer Price Index, released by the U.S. Bureau of Labor Statistics on Tuesday, Dec. 13, groceries went up by 0.5% as of November. ... The discussion around food ...
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 ...
A study published by the Bureau of Labor Statistics, the agency that tracks consumer prices, found that dealer markups accounted for 35% to 62% of new vehicle inflation from 2019 to 2022. Paul Ryan, the CEO of a shopping app that monitors prices across about 40,000 dealerships, remarked, "it was the best of times for car dealers, for sure."
The U.S. Bureau of Labor Statistics on Thursday released its Producer Price index, a key marker of inflation, which rose 0.4% in November. ... up 4.7% for the 12 months ended February 2023 ...