To be sure, inflation has moved down considerably from its CPI cycle peak around 9% in June 2022. However, thecumulative impact of price increaseshas been a burden to consumers, particularly those at the lower end of the wage scale. Core CPI has been drifting ...
Gasoline prices were the biggest contributor to the monthly gain, surging 9.1% in March and responsible for about half the overall CPI increase. Gasoline is up 22.5% from a year ago, part of a 13.2% increase in energy prices. Food nudged higher as well, up 0.1% for the month and 3.5%...
"But prospective homebuyers may not feel that much relief as they continue to see higher prices at the grocery store and the gas pump," she added. "And home prices, which are not measured in the CPI, are also still rising." — With reporting by the Associated Press...
The consumer price index (CPI) soared 5.4 percent in May from a year earlier, marking the fastest increase in almost 14 years since August 2008. The consumer price inflation surpassed 3 percent in October last year, reaching 4.1 percent in March and 4.8 percent in April respectively this year...
According to Guotai Junan's latest research report, economic momentum is expected to remain stable in March. Production rebounded, investment in manufacturing and infrastructure remained resilient, and real estate investment and sales picked up slightly; CPI fell to around 0, and PPI remained low; ...
According to the Office for National Statistics (ONS), consumer price index (CPI) inflation was 7.9% in June, down from 8.7% in May and the lowest rate since March 2022. It implies that the Bank of England interest rates, which are a tool used by the Bank to reduce inflation t...
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The consumer price index (CPI) last month surged 7.9 percent from a year earlier, the largest 12-month growth since the period ending January 1982, according to the U.S. Labor Department. At a congressional hearing earlier this month, Fed Chair Jerome Powell said that he was inclined to su...
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Canada reports July CPI. The year-over-year rate had slumped to 2.8% in June, the slowest past since March 2021.However, given the base affect, the 0.3% monthly rise will boost the year-over-year measure back to 3.0%. More important for the Bank of Canada, the underlying core rates ...