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In November 2022, the year-over-year inflation rate was 7.1%, the lowest it has been since December 2021 but still much higher than average. [156] Inflation is believed to have played a major role in a decline in the approval rating of President Joe Biden, who took office in January 2021, being net negative starting in October of that year. [157]
For the first time since November 2021, joblessness is now at 4.1 percent, still historically low but up from 3.4 percent last year. ... good news on inflation at the start of the year, most ...
The Consumer Price Index (CPI) revealed headline inflation rose 0.4% over last month and 6% over the prior year in February, a slowdown from January's 0.5% month-over-month increase and 6.4% ...
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 5.0% over the prior year in March, a slowdown from February's0.4% month-over-month increase and 6% annual gain.
The Consumer Price Index (CPI) revealed headline inflation rose 0.1% over last month and 4% over the prior year in May, a slowdown from April's 0.4% month-over-month increase and 4.9% annual gain.
That was the last year of what economists refer to as “The Great Inflation,” which lasted from 1965-1982 and served as “the defining macroeconomic period of the second half of the twentieth ...
The Fed's preferred inflation gauge logged its lowest annual increase since March 2021 in January, matching Wall Street forecasts, while monthly prices rose at the fastest rate in a year.
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