Written by MarketBeat Staff Updated September 13, 2023Key Points The CPI is an important metric that measures the cost of a typical U.S. basket of goods and services. It assesses the economy's health and adjusts wages, benefits and tax rates. The CPI is also a critical factor in the...
This reflects the lower prices of gas and electricity following the introduction of April’s energy price cap. The annual rate of inflation for food and alcoholic beverages is the lowest since November 2021, at 2.9%. The inflation rate for this category was at a recent high in March 2023, ...
The ONS report for August 2024 estimates that CPI in the UK rose to 2.2%, unchanged from the annual rate in July 2024. Inflation picked up in the transport category, with prices rising by 1.3% in the year to August compared with 0.2% in the year to July 2024. This uptick was partly...
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Prices for meats, poultry, fish and eggs increased 0.8% in September and are up 3.9% from last year, which was the largest annual increase of the major food categories tracked in the CPI. INFLATION RISES 2.4% IN SEPTEMBER, ABOVE EXPECTATIONS ...
Ben Levisohn: I think this is largely just about rate cuts. That's really when the rotation started. It was when that inflation number came out. That was your catalyst. Lauren Rublin: And that was the CPI report for June. Ben Levisohn: That's right. That's wh...
geological bend in a riverbed that indicated an underlying oil field. Further exploration was put on pause during the war, but in 1948, a test drill hit oil. This was the beginning of a series of discoveries about the Ghawar Field, which would turn out to be thelargest oil field in ...
Therefore, while being based on the same government Consumer Price index (CPI-U) our data provides a "finer" view. March and April 2023 is a perfect example, according to the government statistics March=5.0%, and April=4.9%. However, our data shows inflation in March as 4.98%, and ...
The CPI-U increased 2.4% over the 12 months ending September 2024 before seasonal adjustment. The index increased by 0.2% in September 2024 on a seasonally adjusted basis; the same increase as in August 2024.8 CPI-U Formula The more common CPI-U calculation entails two primary formulas. Th...
the law to increase hours worked requires the average worker to give up six hours per week of leisure. To bring it back to the OECD model, GDP would be higher, MFP would be unchanged, but if the loss in leisure was not worth the incremental six hours of wages, then the standard of ...