Inflation cools further before Fed's next interest rate decision The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September. Aug 14, 2024 MoneyWatch price tracker shows how much food, utility, housing costs are rising These char...
Coming up on today’s program. 重点提要 Consumer inflation stood at 2.1% in October, easing to a seven-month low; China’s passenger car sales rise slowed in October, yet export continued strong momentum. Here’s what you need to know about China in the past 24 hours 中国经济要闻 China'...
China has told its "big four" state-owned banks to cut deposit rate ceilings on some products, media reported today. The interest rate self-disciplinary mechanism, a top regulatory body overseen by the People's Bank of China, urged the lenders to keep ceilings on some personal and corporate...
Inflation hotter than expected in March The Consumer Price Index rose 0.4% last month largely due to the cost of rent and gas. Prices are up 3.5% over the past 12 months, and the latest numbers cast doubt on interest rate cuts. CBS News business analyst Jill Schlesinger has more. Apr...
The inflation rate is determined by the following formula; Previous CPI - Current CPI / Previous CPI x 100 In 1980, the price of a cinema ticket was US$ 2.89, but in 2019, the price rose to US$ 9.16. From this data, it is clear that the consumers' purchasing power had declined sign...
Twitter Google Share on Facebook consumer price index Thesaurus Legal Financial Acronyms Encyclopedia Wikipedia Related to consumer price index:producer price index,inflation n.Abbr.CPI An index of prices used to measure the change in the cost of basic goods and services in comparison with a fixed...
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Inflation is the change in the prices of goods and services. The change in prices is calculated at different level; consumer, producer, wholesaler, retailer. The Consumer price index and the GDP deflator; both are the ways of calculating inflation. The consume...
Federal Reserve Chair Jerome Powell held a news conference to discuss the latest interest rate hike. Inflation was near the top of many voters’ minds in the midterm congressional elections that ended Tuesday. Their economic anxieties contributed to the loss of Democratic seats in the House of Rep...
Inflation rate eases in March Data released Wednesday shows the Consumer Price iIdex rose 0.1% in the month of March, beating estimates from Dow Jones. Barron's economics and politics senior writer Megan Cassella joined CBS News' Omar Villafranca to discuss the latest inflation data and what it...