The Labor Department said Thursday that its producer price index (PPI), which measuresinflation at the wholesale levelbefore it reaches consumers, rose 0.2% in March from the previous month. On an annual basis, prices remain up 2.1%, the largest yearly advance since April 2023. Those figures ...
Since the CPI reading was a positive number in April, it means consumers didn't see prices falling, in a broad sense. But it shows the rate at which they're rising has slowed significantly from the 9.1% peak in June 2022. Policymakers aim to keep inflation at about2% a year. It may ...
01 Jun 2023 Chart of the week: Consumer price inflation Our chart illustrates how ‘core inflation’, energy price rises, and food, alcohol and tobacco price inflation contributed to a lower than expected fall in the overall rate of inflation in April 2023. View Chart 11 May 2023 Chart...
Excluding food and energy, the key core inflation reading came in at 0.3% monthly and 3.6% on an annual basis, both as forecast. The core 12-month inflation reading was the lowest since April 2021 while the monthly increase was the smallest since December. Markets reacted positivelyafter the...
NFIB-Ohio released results from its monthly survey Tuesday, showing its Small Business Optimism Index rose 2.2 points in July, the highest reading since February 2022. Read More Analysis: June Unemployment 352,000 Under Biden-Harris, 1.47 Million Unemployed Since 2023 ...
Turkey has been facing a currency and inflation crisis since 2018 and the lira, its national currency, fell to an all-time low against the dollar in March. 2023: 50.62022: 72.3 Next:4. Sudan 8/14 Credit 4. Sudan The good news is that inflation is forecast to drop this year. The ...
April 2024 0.3 3.4 March 2024 0.4 3.5 February 2024 0.4 3.2 January 2024 0.3 3.1 December 2023 0.2 3.4 November 2023 0.1 3.1 October 2023 0.0 3.2 September 2023 0.4 3.7 August 2023 0.6 3.7 July 2023 0.2 3.2 June 2023 0.2 3.0 May 2023 0.1 4.0 April 2023 0.4 4.9 March 2023 0.1 5.0 Feb...
Since high inflation is detrimental to the overall economy but beneficial to the government (since it allows them to pay back their debt with "cheaper dollars") thehas a constant balancing act to try to reconcile the government's desires for higher inflation with the need for a healthy. ...
stable inflation rate since the 1980s, inflation hit record highs in 2021 and 2022 in the wake of the pandemic. The year-over-year inflation rate was 7.0% at the end of 2021 and 6.5% at the end of 2022. At the end of 2023, it was 3.4%. The rate was 2.4% for September 2024.798...
Therefore, over the duration, higher inflation would not benefit the economy through a lower rate of unemployment. By the same token, a lower rate of inflation should not inflict a cost on the economy through a higher rate of unemployment. Since inflation has no impact on the unemployment rate...