On Monday, the Federal Reserve Bank of New York said that consumers now anticipate inflation of 5% over the next year. That’s the lowest such expectation in nearly 18 months. Over the next five years, consumers expect inflation to average 2.4%, only barely above the Fed’s 2% target. RE...
Auto insurance prices jumped 0.9% in November and are 13.4% more expensive than a year earlier. The average cost of an auto repair rose 1.3% last month and 11.7% over the past year. Yet even in services, excluding housing, there were some signs of cooling prices. The cost of car renta...
The all items index rose 3.0 percent for the 12 months ending January, after rising 2.9 percent over the 12 months ending December. The all items less food and energy index rose 3.3 percent over the last 12 months. The energy index increased 1.0 percent for the 12 months ending January. T...
Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent ...
2025-01-15 US Inflation Rate Rises to 2.7% As Expected The annual inflation rate in the US rose for a 2nd consecutive month to 2.7% in November 2024 from 2.6% in October, in line with expectations. The rise is partly influenced by low base effects from last year. Energy costs declined...
The tobacco price rises "were offset partially by falling food inflation, where prices still rose but at a much lower rate than this time last year," said Fitzner. "Meanwhile, the prices of goods leaving factories are little changed over the last few months, while the costs of raw materials...
Percentage Change (over 12 months) of United Kingdom Consumer Price Inflation
The prices of food and non-alcoholic beverages increased by 4% over the 12 months to March, their weakest increase since November 2021. "Once again, food prices were the main reason for the fall, with prices rising by less than we saw a year ago," ONS chief economist Grant Fitzner, sai...
UK cannot yet declare victory over inflation, warns BoE deputy governor Clare Lombardelli says signs of tightness in labour market show ‘last mile is the hardest’ UK property UK property sector hit by fears of resurgent inflation Big housebuilders have shed billions in value since October Budget...
The Consumer Price Index increased 0.4% on a seasonally adjusted basis in December 2024 compared to 0.3% in November 2024. In December 2024, the index increased 2.9% over the last 12 months before seasonal adjustment.2 Other measures for price inflation include theproducer price index(PPI), whi...