The figure was lower than the 1-percent increase in February. On a monthly basis, consumer prices edged down 0.3 percent, narrowing 0.2 percentage points from the month-on-month decline in the previous month, stated the NBS. Dong Lijuan, a statistician with the NBS, attributed the mild infla...
On a monthly basis, the CPI went up 1 percent in February, expanding by 0.7 percentage points from that in January, said the National Bureau of Statistics (NBS). (Photo by Liu Jianhua/Xinhua)
edged up 0.7 percent year on year in February, reversing a 0.8-percent decline in January, official data showed Saturday. On a monthly basis, the CPI went up 1 percent in February, expanding by 0.7 percentage points from
The CPI also shows how the consumer’s purchasing power is declining because of a deflation in the dollar's value. As prices increase, the dollar's purchasing power becomes less, proving that a dollar doesn’t buy what it used to. Although it is not a true cost-of-living index, the ...
“Increases in the indexes for shelter, food, airline fares, and new vehicles were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent over the month as the food at home index rose 1.0 percent. The energy index declined in April after rising...
back inflation for the month, offsetting 0.2% increases in both food prices and shelter. Housing-related costs have been one of the most stubborn components of inflation and make up about one-third of the weighting in the CPI, so a pullback in the rate of increase is another positive sign...
The core CPI, deducting food and energy prices, rose 0.8 percent year on year, with the pace of increase widening by 0.4 percentage points compared with that in June. The average CPI from January to July increased by 0.5 percent year on year. ...
The annual CPI is calculated by dividing the value of the basket of goods today by the value from a year ago and multiplying by 100. This formula determines the overall inflation rate, which is the percentage change in the CPI over a given time period. ...
Heading into the release, markets had widely expected the Fed to approve another 0.25 percentage point increase to its benchmark federal funds rate. That probability rose following the CPI report, with traders now pricing in about an 85% chance that the Fed will hike the rate by a quarter po...
The year-on-year CPI reading for November narrowed by 0.3 percentage points compared to October as energy prices became a main drag. Energy price decrease contributed 0.19 percentage points to the CPI decline in the month, Dong said. Food prices were down 4.2 percent year on year, with the ...