Investors globally are looking forward to the latest US inflation numbers to be released today. The release of the July 2024 CPI data is scheduled for August 14, 2024, at 8:30 A.M. Eastern Time. While other key economic indicators also hold importance, US CPI nu...
But, first, here at home, inflation numbers released today by the U.S. Labor Department show prices up in nearly every consumer category, but especially energy costs. President Biden traveled to the Midwest to explain...
But, first, here at home, inflation numbers released today by the U.S. Labor Department show prices up in nearly every consumer category, but especially energy costs. President Biden traveled to the Midwest to explain how his administration is going to try to help ease the pain at the pump...
Overall inflation as measured by the year-over-year Consumer Price Index (CPI-U), released today by the Bureau of Labor Statistics, backed off a wee bit, but not nearly as much as expected, to 8.3% in August, from 8.5% in July, and remained ...
This morning, the Bureau of Labor Statistics released consumer inflation numbers for November. The Consumer Price Index for all Urban Consumers (CPI-U) was unchanged for the month following seasonal adjustments. This is what most analysts had expected. As the chart below illustrates, net inflation...
However, while the CPI numbers offer valuable information, it’s important to acknowledge its limitations. Factors such as the fixed CPI basket of goods, substitution bias, quality changes, and regional variations can impact the accuracy of CPI as measures of inflation. Therefore, as individuals,...
the CPI has run hotter than expected for the last two months. The Fed should not be too quick to declare that the inflation surge is over. Recent numbers are nowhere near as hot as 2021 to 2022, but they also don't show a soft landing yet."– Patrick Horan, macroeconomist at theMerc...
WASHINGTON – The National Retail Federation today called on the Biden administration to repeal tariffs on goods from China, citing Consumer Price Index numbers released this morning by the Bureau of Labor Statistics. “This report showing that rampant inflation continues is one more reason ...
The UK released its own inflation report today and the numbers were better than expected. Headline inflation rose to a lower-than-expected 2.2%, while a troublesome services gauge slipped the most in a year. The data sent the pound lower and prompted investors to beef up bets that the Bank...
CPI-U is the basis of the widely reported CPI numbers that matter to financial markets.The BLS also publishes the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The CPI-W covers 29% of the U.S. population living in households with income derived predominantly ...