The ONS report for November 2024 found that the CPI rate increased to 2.6%, slightly lower than economists’ predictions but notably higher than the 1.7% rate in the year to September 2024. This increase has been driven by a rise in energy bills with October’s energy price cap going up ...
The tame inflation report meant thatreal average hourly earningsfor workers increased 0.4% monthly, though they were still up just 0.8% from a year ago, according to a separate BLS report. While Fed policymakers target inflation at 2% annually, the June CPI report provides further ammunition that...
The latest inflation report showed that the so-called core CPI, which excludes food and energy, increased 0.3 percent in November, as it did in each of the previous three months. The core CPI has risen 3.3 percent over the last 12 months ending November, indicating continued inflation pressure...
Indexes for apparel, household furnishings and operations, motor vehicle insurance and personal care all experienced declines. Elevated inflation persists in some corners of the economy While inflation remains elevated, May’s CPI report was certainly a welcome one ahead of the Fed’s May meeting. ...
The CPI-U calculation only measures inflation for urban populations and remains a less-than-reliable source of data for individuals living in rural areas. The CPI does not explicitly state how different demographics may be impacted by inflation. For example, soaring education costs may adversely imp...
The latest inflation report showed that the so-called core CPI, which excludes food and energy, increased 0.2 percent in July after rising 0.1 percent in June and 0.2 percent in May. The core CPI has risen 3.2 percent over the last 12 months, the smallest 12-month increase in that index...
byAlex Demolitor|May 17, 2024|Monthly CPI Updates The April 2024 Consumer Price Index of All Urban Consumers (CPI-U) report indicates that inflation rose by 0.3% for the month, a notch belowMarch’sincrease (+0.4%). These data were released at 8:30 am EST on Wednesday, May 15, 2024...
The July 2024 CPI report will likely increase the Fed’s confidence that inflation is on the way to its 2% target and position the Fed to cut interest rates in September. Learn more here.
A separate gauge that excludes volatile food and energy prices increased 3.8%, vs the Dow Jones estimate of 3.5% for so-called core inflation. That was the fastest pace since May 1992. Another report released Thursday showed that jobless claims for the week ended June 5 came in at 376,000...
consumers. The Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. The CPI is one of the most popular measures of inflation and deflation. The CPI report uses a different...