Inflation rose 0.4 percent in February to an annual rate of 3.2 percent, with shelter and gas costs contributing substantially to the uptick, according to the the Bureau of Labor Statistics’ Consumer Price Index. Continue reading
The index for shelter rose 0.3 percent between September and October and was up 6.7 percent year over year, according to CPI data released Tuesday. Continue reading
The Consumer Price Index increased 0.6 percent in August, faster than the July rate of 0.2 percent, according to data released Wednesday. Continue reading
The impact of high housing costs is expected to fall out of inflation, giving cover for the Federal Reserve to stop raising interest rates, economists said. But there are still warning signs. Continue reading
All items index increased 4.9 percent for the 12 months ending April, the smallest 12-month increase since the period ending April 2021, according to the Consumer Price Index Summary. Continue reading
The U.S. Consumer Price Index cooled to 5 percent in March compared to a year ago, but remained elevated overall despite efforts from the Federal Reserve to curb inflation, according to the Bureau of Labor Statistics. Continue reading
Housing costs were the biggest contributor to inflation in January, according to new data from the Bureau of Labor Statistics. Increased food and energy costs were smaller by comparison. Continue reading