Theconsumer price index, which measures a broad basket of common goods and services, rose 0.5% in January, which translated to an annual gain of 6.4%. Economists surveyed by Dow Jones had been looking for respective increases of 0.4% and 6.2%. Excluding volatile food and energy, the core C...
Inflation for retail & other goods edged down as the prices of clothing & footwear and household durables recorded smaller increases.Electricity & gas inflation rose due to a larger increase in electricity costs. Outlook Global supply chain frictions and consumer goods inflation in the advanced ...
On the flip side, notable price increases were recorded in fresh vegetables, rising by 3.2%, and housing, showing a 0.3% increase. Advertisement New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration) (credit: HADAR YOUAVIAN/FLASH90) Annual Inflation Trends for ...
As depicted in the table above, the June 2023 CPI figure was largely driven by increases in consumer energy commodities and overall energy price increases. Food Prices The food index rose 0.1 percent in June after going unchanged in April and increasing 0.1 percent in May, representi...
Accommodation inflation is also projected to ease as the supply of completed housing units increases. For 2023 as a whole, CPI-All Items inflation is expected to average around 5%, and MAS Core Inflation around 4%. In 2024, headline and core inflation are projected to average 3.0–4.0% ...
The inflation report comes with the Federal Reserve in the early stages of a rate-hiking campaign to slow growth and bring down prices. May’s report likely solidifies the likelihood of multiple 50 basis point interest rate increases ahead. ...
Services prices were mainly driven by a rise in the prices of travel services following significant increases in summer travel, said NBS statistician Dong Lijuan. The prices of air tickets, tourism and hotel accommodation rose by 26 percent, 10.1 percent and 6.5 percent, respectively, on a monthl...
economist at High Frequency Economics, said that price pressures will build further over the net few months reflecting a variety of factors including supply chain restraints and stronger demand as economic activity resumes. But she said the Fed will see view these prices ...
WASHINGTON (AP) — Measures of U.S. inflation eased slightly in September, evidence that consumer price increases are continuing to grind lower at a gradual pace. Consumer prices increased 0.4% from August to September, below the previous month’s 0.6% pace. Thursday’s report from the Labor...
Other categories, like medical services experienced much smaller increases, 2.1% from the previous year. What is the consumer price index? The CPI is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. The index...