U.S. Consumer Prices Increase 5.4% in June
"June’s big inflation number will ramp up scrutiny of price-related data as policymakers assess whether the economy is at greater risk of overheating."
Experts React to 5% CPI Inflation
The headline CPI index rose 5% in May, marking the highest growth rate since August 2008.
U.S. Consumer Prices Surge 4.2% in April
The largest gain in the CPI in nearly 12 years reflects in part the comparison to extremely weak inflation a year ago amid pandemic lockdowns.
U.S. Consumer Prices Increase 0.4% in February
Economists expect the rise in prices to continue into the summer, pushing inflation past the Federal Reserve’s 2% target.
U.S. Consumer Prices Tumble 0.4% in March
“Deflation is likely to take hold over the next few months as businesses slash prices in response to much lower demand from the coronavirus outbreak."
U.S. Consumer Prices Hit Highest Level in a Year
The CPI rose 2.1% in November on a year-on-year basis but the Fed "doesn’t expect inflation to sharply exceed its 2% goal anytime soon."
Core CPI Rises 0.3% for Second Straight Month
The July inflation readings reduce "the chances that the U.S. central bank would cut rates by half a percentage point" in September.
U.S. Consumer Prices Jump 0.4% in March
“The uptick in inflation, being largely driven by higher gas prices, is unlikely to worry investors or the Federal Reserve."
U.S. Consumer Prices Drop 0.1% in December
The Fed will view the first decline in the CPI since March as "further proof that price pressures are building more slowly than some have feared."
U.S. Consumer Prices Flat Amid Cheaper Gas
"The inflation picture is still fairly tame, certainly not heating up enough to push the Fed to a more aggressive stance."
Core Inflation Posts Annual Gain of 2.4% in July
The increase was the largest since September 2008 but economists see core inflation easing by the end of the year.