Inflation is cooling. So why are food prices, from steak to fast-food meals, still rising? Inflation may be rapidly cooling, but there's one area that continues to eat away at Americans' budgets: Stubbornly high food prices. Rising food costs were one contributor to thehotter-than-expected ...
Being the largest economy in the world, the United States is also the most economically polarized among Western countries. And in the post-COVID era where inflation is stubbornly high, America seems to be powerless in the face of the fact that the rich are getting richer while the poor are...
1. Core CPI services: This is the stickiest part of the CPI basket and it is still rising fast. Rents play a big role here. Due to the way rents are calculated, rent inflation acts with a lag and tends to be very sticky. As a result, rents will likely remain elevated for rest of...
Althoughinflation has steadily cooledsince peaking in June of last year, electricity costs continue to heat up. The typical power bill is set to rise about 2% this summer from a year ago,accordingto the Energy Information Administration. The reason: While wholesale power costs have dropped, there...
But the conversation encapsulated a dilemma for the Fed: If inflation is on the run, why are interest rates still so high? Conversely, if inflation still hasn't been whipped — those who were around in the 1970s might remember the "Whip Inflation Now" buttons — why is the Fed ...
The weak yen, which shoved Japan down to the fourth-largest economy, is also causing ongoing inflation. Data from the Ministry of Internal Affairs and Communications showed that as of December last year, Japan's core consumer price index has exceeded the Bank of Japan's (BOJ's) 2-percent ...
4. Scott Sumner has a view which I do not understand, and thus do not wish to try to state, but it has something to do with not really believing in the concept of price inflation. 5. Prices are sticky, AD is falling, and almost all of the adjustment is in quantities. Yet this...
wage-bargaining power in the private sector, and there is greater international competition as a result of globalisation. Rather than setting off a wage-price spiral, rising prices might therefore be absorbed by wages falling in real terms (meaning they would increase below the rate of inflation)...
A second successive chunky fall in the rate of inflation is unarguably good news, all the better for being unexpected, that may yet change the economic and political path for the year ahead. While prices areemphatically not falling, they are rising less fast than they were,...
Inflation is one of the key measures of economic health, indicating how quickly prices are rising and how quickly money is losing its value. However, the prices of food and fuel tend to fluctuate more than other commodities, making it difficult to show price trends. By omitting these volatile...