Sharply Higher Gas Prices Pushed Up Inflation in August, Yet Underlying Price Measures Cooled
Despite the seemingly divergent figures, the decline in the core measure points to inflation coming under control. read more >
Despite the seemingly divergent figures, the decline in the core measure points to inflation coming under control. read more >
Measured year over year, inflation slowed to just 4% in May — the lowest 12-month figure in over two years and well below April's 4.9% annual rise. read more >
Prices increased 0.4% from March to April, the government said Wednesday, up sharply from a 0.1% rise from February to March. Compared with a year earlier, prices climbed 4.9%, down slightly from March's year-over-year increase. read more >
So far, most of the slowdown in inflation reflects freer-flowing supply chains and earlier declines in gas prices. read more >
Even as inflation gradually slows, it remains a painful reality for many Americans, especially with such necessities as food, energy and rents having soared over the past 18 months. read more >
Measured from month to month, which gives a more up-to-date snapshot, the consumer price index inched up just 0.1%. read more >
The number was lower than economists had expected. read more >
"This was a disappointing report," said Laura Rosner-Warburton, senior economist at MacroPolicy Perspectives. read more >
On a monthly basis, prices were unchanged from June to July, the first time that has happened after 25 months of increases. read more >
With demand up and supplies down, costs jumped. And companies found that they could pass along those higher costs in the form of higher prices to consumers, many of whom had managed to pile up savings during the pandemic. read more >
The government's consumer price index soared 9.1% over the past year, the biggest yearly increase since 1981. read more >
Behind the surge is much higher prices for food, energy, rent, airline tickets and and new and used cars. read more >
Gasoline is up an average of 48% in the past year. Airline tickets are up 24%, men's suits nearly 15%, bacon 18%. read more >
Costs for food, gasoline, housing and other necessities are squeezing American consumers and wiping out pay raises many received. read more >
It's likely a harbinger of even higher prices to come. read more >
While many industries have yet to fully bounce back, the gradual reopening of the economy ushered in a swell of demand. read more >
Supply chain bottlenecks and a shortage of workers have pushed prices higher. read more >
The Consumer Price Index has risen 179 percent since 1980, while college tuition and fees have increased by 893 percent, according to the Bureau of Labor Statistics. read more >
