US Core Inflation Rate is at 2.78%, compared to 2.79% last month and 3.61% last year. This is lower than the long term average of 3.67%. The Core US Inflation Rate is one of the most important metrics for the US Economy. Inflation is also used by the US Federal Reserve to gauge th...
Despite the faster annual pace, month-over-month price gains moderated to 0.5 per cent between November and December, down from 0.8 per cent in the previous period. “Core” inflation, which strips out volatile items such as food and energy, accelerated by an even larger magnitude compared...
The main source of the downside surprise in June month-over-month (m/m) core inflation came from the volatile travel services categories. Even though these represent a small part of the basket, the drop in airfare (−8% m/m) and hotels (−2.3% m/m) combined to shave 9 bps...
WASHINGTON (AP) — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-elect...
WASHINGTON (AP) — The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final we...
LONDON (April 26) The core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic Analysis (BEA) at 12:30 GMT.What to expect in the Federa
Inflation data isexpected to show consumer prices cooled slightlyon a month-over-month basis in May but core prices are likely to have remained elevated, and theFed is widely expected to hold interest rates. Major indexes wavered as investors took a breatherafter pushing the S&P 500 up ...
Measured from month to month, which gives a more up-to-date snapshot, the consumer price index inched up just 0.1%. And so-called core inflation, which excludes volatile food and energy costs and which the Federal Reserve tracks closely, slowed to 6% compared with a year earlier. From Oct...
US CPI inflation – both headline and core – in June was weaker than expected but is unlikely to lead the Federal Reserve to refrain from raising interest rates next week. In this Macro Flash Note, EFG Chief economist Stefan Gerlach looks at the data.
volatile food and energy categories to provide a clearer picture of underlying inflation. Core prices rose just 0.3% from June, the smallest month-to-month increase since April. And compared with a year ago, core inflation amounted to 5.9% in July, the same year-over-year increase as in ...