U.S. inflation soared to a 40-year high last month as geopolitical tensions drove up energy prices and supply chain hurdles compounded price pressures driven by consumer demand. The Consumer Price Index rose 8.5% in March from a year earlier, overshooting the Dow Jones economists’ prediction that consumer prices would rise […]
Tag: CPI
Inflation Hits 40-Year High: Energy, Food, Housing Costs Drive 7.9% CPI Increase
Inflation hit historic highs last month as lingering supply chain issues and global tensions over Russia’s war with Ukraine dashed policymakers’ hopes that consumer prices would moderate. The Consumer Price Index (CPI) climbed 7.9% in the 12 months through February — the fastest rise in year-over-year inflation since 1982. The […]
The missing story in February’s inflation numbers
Consumer prices increased slightly in February due to higher rents and food costs, but prices in the U.S. are expected to slow or even decline in the coming months as the U.S. economy sees the effects of the coronavirus take hold. As the virus continues to spread it will continue […]
Inflation remains low capping off a year of steady but slow growth
Consumer prices in the U.S. rose slightly in January, but the increase was smaller than expected due to falling gas prices. Overall prices increased by just 0.1%, with the largest increases in housing, food and medical care service costs and capped a relatively tame year for inflation. Core prices, prices […]
Consumer Prices Aren’t Budging Despite Wage Growth
Consumer prices remained unchanged for the third consecutive month amid rapid job creation and wage growth, signaling to the Federal Reserve Board that planned interest rate increases may not be necessary after all. The 12-month percent change in CPI in January, that is, the consumer inflation rate over the last […]
Gas Surcharges Haven’t Added To Commodities, CPI Shows
By Menglin Huang| Mar 16, 2012 Higher gas prices in February drove headline consumer prices up by the most in 10 months. But outside of energy, the inflation still remained in check. The consumer price index, or CPI, increased 0.4 percent last month, marking its biggest gain since last April, […]
January Inflation Follows Fed’s Expectation
Consumer prices rose slightly in January, mainly lifted by energy and apparel costs due to the tension with Middle Eastern countries and a cotton supply shortage. The 0.2 percent is lower than economists’ forecasts, and they believe that current inflation is being contained by the Federal Reserve, which initially targeted […]