USA TODAY asked economists to ascribe blame for the historic run of inflation, which reached a 40-year peak in mid-2022. Inflation has cooled since then, to an annual rate of 2.6% in October.
Inflation rose modestly in the lead-up to last week’s presidential election, a sign that underlying economic forces keeping prices elevated will continue as Donald Trump returns to the White ...
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor ...
Thursday’s report from the Labor Department showed that its producer price index — which tracks inflation before it hits consumers — rose 0.2% from September to October, up from a 0.1% gain ...
Inflation measures the average change in prices for goods and services over time. In other words, inflation represents an average increase in prices. Deflation is the opposite — it represents an ...
Food inflation has risen to double digits for the first time in 14 months, according to a statement from the National Statistical Office (NSO). Based on the Combined Food Price Index (CFPI), food ...
The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts.
The data snapped a streak of six consecutive months of cooling inflation. Consumer prices rose 2.6% in October compared to a year ago, ticking upward from the previous month and reversing some of ...
Today's economy looks very different compared to last year's, and concerns about inflation, market downturns and even a potential recession are weighing on the minds of many Americans. In these ...
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The U.S. Bureau of Labor Statistics released the latest reading of the consumer price index on Wednesday. Here are the highlights from the October data: YoY: Consumer prices increased by 2.6% vs ...
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