CPI rose 2.7% in November from a year ago as Fed struggles to snuff out inflation
Last month's CPI was forecast to come in at 2.7%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by consumers, tracks the change in those prices over time.
November wholesale inflation data showed an unexpected increase. Producer Price Index (PPI) increased by 0.4% compared to ...
Increases in prices for groceries and gasoline outweighed disinflation in categories such as shelter, according to the ...
The inflation gauge makes up the last piece of significant economic data before the Fed announces its next interest rate ...
Still, Barclays expects inflation to resume its descent, falling to 2.1% by spring before President-elect Donald Trump’s threatened tariffs on imports boost price increases back to 2.6% by the end of ...
U.S. producer prices increased by the most in five months in November, but easing costs of services such as portfolio ...
Inflation has been cooling notably after peaking in 2022, but in recent months it has shown signs of stalling.
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