Annual inflation rates increased last month.
The U.S. Bureau of Labor Statistics released its latest Consumer Price Index, a key marker of inflation, which showed that consumer prices rose 0.3% in November, part of a 2.7% increase over the last year.
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Inflation rose slightly in October despite a massive slowdown in job growth in the same month, according to a Bureau of Labor Statistics (BLS) report released Wednesday.
The consumer price index (CPI), a measure of the price of everyday goods, increased 0.2% on an annual basis in October and rose 2.6% month-over-month, compared to 2.4% in September, and in line with expectations, according to the BLS. Core CPI rose 3.3% year-over-year in October, the same rate as in September.
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Inflation fell slightly in September amid fears of a hotter-than-expected economy following strong job gains in the month prior, according to the latest Bureau of Labor Statistics (BLS) release Thursday.
The consumer price index (CPI), a broad measure of the price of everyday goods, increased 2.4% on an annual basis in September and rose 0.2% month-over-month, compared to 2.5% in August, less than the 2.3% rate that was expected, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, rose 3.3% year-over-year in September, compared to 3.2% in August.
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Inflation fell in August amid fears of an economic slowdown following two straight months of disappointing job gains, according to the latest Bureau of Labor Statistics (BLS) release on Wednesday.
The consumer price index (CPI), a broad measure of the price of everyday goods, increased 2.5% on an annual basis in August and rose 0.2% month-over-month, compared to a 2.9% year-over-year rate in July, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, rose 3.2% year-over-year in August, compared with 3.2% in July.
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The cost of housing surged in July, accounting for nearly 90 percent of total inflation, according to the latest Bureau of Labor Statistics Consumer Price Index (CPI) data released Wednesday.
Shelter costs rose 5.1 percent year-over-year and 0.4 percent month-over-month, after rising 0.2 percent in June, the BLS showed. The 0.4 percent monthly increase was greater than Bank of America economists’ expectations of 0.3 percent, according to investment research firm Morningstar.
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Consumer prices rose again last month after dipping in June, according to newly released federal inflation data.
The U.S. Bureau of Labor Statistics on Wednesday released its Consumer Price Index, a key marker of inflation, which showed that consumer prices rose 0.2% in July, part of a 2.9% increase over the past 12 months.
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Inflation ticked down slightly year-over-year in June as rising prices continue to weigh on average Americans’ finances, according to the latest Bureau of Labor Statistics (BLS) release on Wednesday.
The consumer price index (CPI), a broad measure of the price of everyday goods, increased 3.0 percent on an annual basis in June and decreased 0.1 percent month-over-month, compared to 3.3 percent in May, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, remained high, rising 3.3 percent year-over-year in June, compared to 3.4 percent in May.
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The U.S. Postal Service has now accumulated a whopping $98 billion in losses since it went into the red in 2007 and its much-ballyhooed reorganization has failed to reverse the trend as expected, according to a sobering new report from the iconic mail agency’s watchdog.
The Postal Service inspector general reports that the mail service recorded losses of $950 million in 2022 and $6.5 billion in 2023, in the first two years after implementing its decade-long Delivering for America (DFA) reorganization plan.
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Newly released federal inflation data showed that inflation slowed in recent weeks.
The U.S. Bureau of Labor Statistics released its Consumer Price Index, which showed that overall consumer prices paused in the month of May after rising 0.3 percent in April.
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Inflation is still impacting families in the Phoenix Metropolitan Area, according to a new Common Sense Institute report.
The free-market think tank’s May inflation update analyzed different price increases from 2020, which determined that prices across the board are still significantly higher.
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Inflation ticked down slightly year-over-year in April but still remained high as rising prices continue to take a toll on average Americans’ finances, according to the latest Bureau of Labor Statistics (BLS) release on Tuesday.
The consumer price index (CPI), a broad measure of the prices of everyday goods, increased 3.4% on an annual basis in April and 0.3% month-over-month, compared to 3.5% in March, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, remained higher, rising 3.6% year-over-year in April, compared to 3.8% in February.
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If a push to increase Ohio’s minimum wage fails to make the November ballot, there’s a backup plan in the state Senate.
That plan, though, moves increases more slowly and eventually keeps the tipped wage at half of the non-tipped wage. If the proposed constitutional amendment reaches the ballot and is passed, the tipped- and non-tipped wage would eventually become equal.
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Americans are less confident about the economy, according to a new survey.
Gallup’s recently released economic confidence rating dropped from March to April as inflation remains elevated. Just after the polling was conducted from April 1-22, the federal government released underperforming Gross Domestic Product data.
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Federal data released Friday showed that inflation remains elevated. The figures came out on the heels of other data showing the U.S. Gross Domestic Product underperformed in the first quarter of this year.
Both the inflation and GDP data points raised concerns among economists and renewed criticism of President Joe Biden among Republicans.
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Gas prices are steadily rising around the U.S. again, leaving many cash-strapped Americans struggling to keep up.
According to AAA, the current average price for a gallon of regular-grade gas nationally is $3.63. That is a sharp increase from $3.39 just one month ago. Crude oil prices have risen steadily over the last 30 days, from about $77 per barrel to $85 per barrel.
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Bernie Moreno, the Republican nominee in the Ohio U.S. Senate race, used Wednesday’s inflation report to call out his opponent, incumbent U.S. Senator Sherrod Brown (D-OH), and President Joe Biden for their economic policies that are “crushing Ohio workers.”
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Inflation jumped year-over-year in March amid speculation over whether the rate of inflation is really decelerating, according to the latest Bureau of Labor Statistics release on Wednesday.
The consumer price index (CPI), a broad measure of the price of everyday goods, increased 3.5 percent on an annual basis in March and 0.4 percent month-over-month, compared to 3.2 percent in February year-over-year, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, remained high, rising 3.8 percent year-over-year in March, compared to 3.8 percent in February.
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Inflation in the Phoenix metropolitan area appears to be calming down, according to new Consumer Price Index data from February.
The CPI saw an uptick of 2.2% year-over-year from last February, and a 0.7% increase between December 2023 and this February. That’s lower than the nationwide year-over-year rate of 3.2%.
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Consumer prices jumped again in February, in part driven by a significant rise in gasoline prices, according to newly released federal inflation data.
The U.S. Bureau of Labor Statistics released its Consumer Price Index Tuesday, a leading marker of inflation, which showed prices rose 0.4 percent in February and 3.2 percent over the past year.
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The State of the Union is not strong. Americans are facing a cost-of-living crisis, high crime, and an unsecured southern border as a direct result of Democrats’ failed policies led by perpetrator-in-chief Joe Biden.
Instead of taking accountability for these pressing national challenges, Biden promised more of the same in his State of the Union address Thursday night.
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Prices rose more than expected in January, according to newly released federal inflation data.
The U.S. Bureau of Labor Statistics on Tuesday released its Consumer Price Index, a key marker of inflation, which reported that prices rose 0.3% last month.
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Consumer costs increased at an elevated level again in December, according to newly released federal economic data, raising new concerns about spiking inflation.
The U.S. Bureau of Labor Statistics on Thursday released the Consumer Price Index, a key marker of inflation, showing the cost of a range of every day goods and services for Americans rose more than expected.
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Inflation ticked slightly down year-over-year in November but continued to remain well above the Federal Reserve’s target, according to the latest Bureau of Labor Statistics (BLS) release on Tuesday.
The consumer price index (CPI), a broad measure of the prices of everyday goods, increased 3.1% on an annual basis in November, compared to 3.2% in October, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, remained high, rising 4.0% year-over-year in October, compared to 4.0% in October.
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Growth in consumer spending fell to the lowest point since March as Americans’ savings fall from the all-time highs seen during the COVID-19 pandemic, according to the Bureau of Economic Analysis (BEA).
Consumer spending, measured by the personal consumption expenditure (PCE), increased by $41.2 billion in the month of October, an increase of 0.2%, less than the 0.7% increase that was seen in September as Americans cut back, accordingto the BEA. The cooling in spending follows a huge decline in the amount of savings Americans collectively hold, falling from over $1 trillion in May to $768.6 billion in October, far from the all-time high of almost $6 trillion in April 2020, according to the Federal Reserve Bank of St. Louis.
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Anyone still wondering why voters trust former President Trump more than President Biden on the economy should read what the White House posted on X about inflation last week: “Ahead of the holiday season, costs are down for everything from airline tickets and car rentals to toys and TVs.” Biden and his underlings continue to believe public disapproval of his disastrous economic performance can be improved with happy talk and cherry picked statistics. It assumes Americans can’t remember how much less the cost of living was when Biden was elected.
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After months of experiencing some of America’s highest inflation rates, federal data shows many Arizonans are finally starting to see some relief.
A new report from the Common Sense Institute of Arizona reviews federal inflation data from October. The research organization found most aspects of the state’s Consumer Price Index have slowed from being among the highest in the nation at 9% in January.
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The seasonally adjusted inflation rate for October 2023 remained unchanged from the previous month and sits at 3.2%, according to the Labor Department’s Consumer Price Index Report released Tuesday.
The rate increased by 3.2%, compared to October 2022. In September, inflation was at 3.7% compared to the same time the previous year.
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by Will Kessler As long as President Joe Biden continues his high government spending policies, inflation is not likely to return to previously normal levels without seeing economic repercussions, according to experts who spoke to the Daily Caller News Foundation. The last time the Consumer Price Index (CPI), a measure of inflation, was below 3 percent year-over-year was in March 2021, two months after Biden took office, with the CPI last measuring at 3.7 percent for September, despite the Federal Reserve’s inflation target being just 2 percent, according to the Federal Reserve Bank of St. Louis. To return to the Fed’s target, which was common in the decade preceding Biden without difficulty or economic repercussions, the president would have to give up his high-spending policies that have been a signature of his economic policy, according to experts who spoke to the DCNF. “It is possible that inflation returns to 2 percent, but poor fiscal policy can make it much harder and more unlikely,” Jai Kedia, a research fellow in the Center for Monetary and Financial Alternatives at the Cato Institute, told the DCNF. “There’s an economic theory called the ‘fiscal theory of the price level’ and it suggests that a stable economy requires…
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Consumer prices rose significantly in September, newly released federal inflation data shows, further undoing a trend of slowing inflation that had begun earlier this year.
The U.S. Bureau of Labor Statistics on Thursday released its Consumer Price Index, a key marker of inflation that tracks the cost of a range of consumer goods and services. That index rose 0.4% in September alone, a notable increase that is higher than months earlier this year.
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Inflation rose significantly in August, marking the second month in a row that inflation has ticked up, according to the latest Bureau of Labor Statistics (BLS) release on Wednesday.
The Consumer Price Index (CPI), a broad measure of the prices of everyday goods, increased 3.7% on an annual basis in August, compared to 3.2% in July, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, remained high, rising 4.3% year-over-year in August, compared to 4.7% in July.
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Recently released federal pricing analysis from the U.S. Department of Agriculture projects that food prices will continue to rise through 2024.
The USDA pointed to the U.S. Bureau of Labor Statistics Consumer Price Index released earlier this month, which showed consumer prices overall rose 3.2 percent in the previous twelve months. Food prices, though rose more quickly at 4.9 percent during the same time.
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Inflation rose in July after steadily declining from a high of 9.1% in June 2022, according to the latest Bureau of Labor Statistics (BLS) release on Thursday.
The Consumer Price Index (CPI), a broad measure of the prices of everyday goods like energy and food, increased 3.2% on an annual basis in July, compared to 3.0% in June, according to the BLS. Core CPI, which excludes the volatile categories of energy and food, remained high, rising 4.7% year-over-year in July, compared to 4.8% in June.
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The latest federal data released Tuesday showed that inflation rose slightly last month.
The U.S. Bureau of Labor Statistics released its Consumer Price Index for May, a federal marker of inflation that rose 0.1% last month, part of a 4% increase in the previous 12 months. Most economists say 2% to 3% inflation is healthy for the economy.
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Inflation rose again in March, but at a slower pace than previous months, the U.S. Bureau of Labor Statistics latest consumer pricing data shows.
The Consumer Price Index rose 0.1% in March, contributing to a 5% rise over the last 12 months, about double what economists say is a healthy inflation rate. Price changes varied by the respective good and service.
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The U.S. Bureau of Labor Statistics released fresh inflation figure Tuesday which show inflation picked back up in January.
The BLS Consumer Price Index rose 0.5% last month, part of a 6.4% increase over the last year. Overall, January’s rate is not as high as the peak inflation spikes seen in recent years, but it is still well above the increases considered advantageous by most economists.
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When the Federal Reserve convenes at the end of January 2023 to set interest rates, it will be guided by one key bit of data: the U.S. inflation rate. The problem is, that stat ignores a sizable chunk of the country – rural America.
Currently sitting at 6.5%, the rate of inflation is still high, even though it has fallen back slightly from the end of 2022.
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Prices for electricity in the United States soared well above overall inflationary levels last year, putting an added squeeze on consumers already reeling from significantly inflated costs of most consumer goods.
The Consumer Price Index Summary released by the U.S. Bureau of Labor Statistics this month showed the 12-month average price of electricity last month jumping a whopping 14.3 percent, more than double the 6.5 percent of overall price increases.
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While the Consumer Price Index for All Urban Consumers dropped 0.1% in December and the year-over-year inflation rate stands at 6.5%, a Georgia nonprofit says Peach State residents may not be feeling the good news.
“We keep seeing positive headlines about the inflation rate, but that good news is lost on average Georgians who are continually pinched on the cost for everyday necessities like groceries and gas,” Erik Randolph, Georgia Center for Opportunity’s director of research, said in a statement. “Although there was some positive news in the December numbers, it’s important to keep in mind that core inflation remained elevated, including for food. If policymakers in Washington truly want to help the most economically vulnerable in our country, they must return to fiscal sanity and rein in the spending.
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The Phoenix metropolitan area has the highest annual inflation rate in the nation.
The Bureau of Labor Statistics released the November consumer price index data on Tuesday, showing the rest of the nation that didn’t receive data in the first batch of cities that included Phoenix.
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October’s Consumer Price Index, the measure of the national rate of inflation, was at 7.7 percent in October, compared to a reading of 8.2 percent in September. The report propelled “U.S. stocks forward [at the open] and sent Treasury yields tumbling as Wall Street weighed the implication of softer prints on Federal Reserve policy.”
The decline in the rate of inflation was driven by declining annual prices of “necessities” such as smartphones (-22.9 percent), admission to sporting events (-17.7 percent), televisions (-16.5 percent), and women’s outerwear (-1.4 percent), all items that are discretionary purchases.
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An economist says the average American family has lost upward of $7,000 due to inflation.
The consumer price index increased 0.4% in October, up 7.7% from Oct. 2021, the U.S. Bureau of Labor Statistics reported on Thursday.
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While the July and August Consumer Price Index numbers show “inflation has stalled,” a Georgia expert warns that “we’re not out of the woods yet.”
On Tuesday, the U.S. Bureau of Labor Statistics announced that the CPI rose 0.1% in August and 8.3% year-over-year.
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The slight drop in the rise of consumer prices may only be a momentary bit of relief as federal policy could make matters worse, a Georgia nonprofit said.
On Wednesday, the U.S. Bureau of Labor Statistics said the Consumer Price Index for All Urban Consumers Increased 8.5% over the past 12 months. That is down from a 9.1% year-over-year increase in June.
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Next week will mark one and a half years since Joe Biden became president on Jan. 20, 2021. On July 20, every American should look within and ask: “Am I better off than I was 18 months ago?”
To Biden’s credit, the unemployment rate has fallen from 6.4% when he took office to 3.6% in June. Today’s figure is a notch higher than the 3.5% joblessness that Americans enjoyed in February 2020, thanks to President Donald Trump’s Republican tax cuts, deregulation, energy dominance, and other pro-growth initiatives.
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The governor of Georgia Wednesday said he will continue battling to keep costs down for Georgians after the June Consumer Price Index report from the Bureau of Labor Statistics (BLS) was released.
That report showed 9.1 percent inflation, by far the highest one month increase in more than 40 years.
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Consumer prices rose another 1.3% in June, contributing to a 9.1% spike over the past 12 months. It is the largest spike in 41 years.
The Bureau of Labor Statistics released the Consumer Price Index for All Urban Consumers (CPI-U) Wednesday, which showed June’s rise. In May, prices rose 1%.
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The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point.
The move is a part of the bank’s strategy to aggressively combat record-high inflation rates that show no sign of slowing down.
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CNBC editor Rick Santelli unloaded on the Biden administration on CNBC’s “Squawk Box” Friday morning, saying anti-fossil fuel policies helped to spur inflation.
“What was the forward guidance with this administration on energy?” Santelli asked. “We know the answer. Maybe they can’t get things to happen faster, but by giving positive forward guidance, by not closing pipelines, by not talking pre-election about how much they don’t like fossil fuel, maybe things would have turned out a bit different.”
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The Consumer Price Index for May was 8.6%, compared to 12 months ago, the Labor Department reported Friday.
The monthly increase is the highest since 1981, as was the March number.
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Americans are changing their shopping habits because of soaring food prices. And disruptions in the international farming community have some worried about the food supply heading into 2023.
The BMO Real Financial Progress Index, a quarterly survey from BMO and Ipsos, shows that 42% of surveyed adults “are changing how they shop for groceries,” including “opting for cheaper items, avoiding brand names and buying only the essentials.”
The report found “46% are either dining out less or consciously spending less when dining out.”
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