Excluding volatile food and gas prices, the core inflation rate rose 6.6 percent, up from 6.3 percent in August. This represents the biggest jump since August 1982, a fresh 40-year high.The data showed that core services prices rose at a one-month annualized rate of 9.9 percent, the ...
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
Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
U.S. inflation jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.
Icahn Enterprises founder Carl Icahn argues inflation is the biggest economic problem amid the geopolitical unrest. Meanwhile, in its latest policy meeting, the Fed announced it will raise its key interest rate by a quarter-point for the first time in three years. The Fed...
For example, after soaring to 6.5% in 2022, which was the highest level since 1981, it dropped to 3.7% in 2023, according toPreston Caldwell, Morningstar’s chief US economist. “We project inflation to continue to fall, averaging 2.4% in 2024,”he said. “And then averaging just 1.8%...
Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades.
Though inflation is now way below its peak of 9.1% in June 2022, average prices are still much higher than they were four years ago — amajor source of public discontentthat helped drive President-elect Donald Trump's victory over Vice President Kamala Harris in Nov...
Inflation again ran at its quickest annual pace in over 40 years, boosted to a new high by price increases in March for a broad range of goods and services, according to government data released Tuesday, April 12. The annual leap was driven greatly by th
In the U.K., inflation soared 9.4% in June from a year earlier, a four-decade high. In the 19 countries that use the euro currency, it reached 8.9% in June compared with a year earlier, the highest since record-keeping for the euro began. RELATED: How to recession-proof your life ...