US Inflation Rate is at 2.75%, compared to 2.60% last month and 3.14% last year. This is lower than the long term average of 3.28%. The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year. Inflation is...
In June 2022, inflation in the US reached a 40-year high. By December 2023, however, it had significantly decreased, per the latest data from the US Bureau of Labor Statistics (BLS). This decline can be attributed to several factors, such as US Federal Reserve interest rate hikes, supply...
Last week ended calmer, with Thursday's stronger-than-expected U.S. jobs data leading markets to pare bets for Federal Reserve rate cuts this year. "All they're really looking at is to see whether the inflation narrative is going to revive with this week's (consumer price index), or we...
The annual inflation rate for the United States was 2.9% for the 12 months ending December, compared to the previous rate increase of 2.7%, according to U.S. Labor Department data published on January 15, 2025. The next inflation update is scheduled for
Her experience is reflected in the inflation data released on Thursday. It shows that consumer prices have climbed more than expected and reached 8.2 percent this year through September.Excluding volatile food and gas prices, the core inflation rate rose 6.6 percent, up from 6.3 percent in ...
The U.S. central bank, which has a 2% inflation target, tracks the Personal Consumption Expenditures price (PCE) indexes for monetary policy. Government data last week showed nonfarm payrolls increasing below expectations in August but the unemployment rate falling to 4.2% from 4.3% in July. ...
The dollar fell against other major currencies on news that inflation slowed more than expected, increasing the likelihood that the Fed could pause rate hikes.
When you are trying to gauge an accurate US inflation forecast for the next 5 years, it’s important to consider key economic indicators. Jobs Data The unemployment rate was unchanged at 4.1% in October 2024, while the actual number of people out of work was around seven million, according...
NEW YORK (ICIS)--US inflation will only ease gradually through H2 2022, keeping the US Federal Reserve aggressive in raising interest rates, but then fall more sharply in H2 2023, even potentially overshooting to the downside, the chief US economist at Oxford Economics said on Tuesday. "We ...
With the data above, we can confirm that the current largest contributors, Shelter and Services, tend to be the components with the lowest volatility; will this stickiness have an effect on 2023 inflation? Even if we assume that the variable components will go all the way bac...