Tag: Consumer Price Index

The Snickers Bar Is the Economic Indicator We Need

The United States has just experienced one of the biggest collapses in consumer inflation in modern history. In June 2022 consumer prices had risen 9.1 percent over the previous year. By December 2023 the rate of increase had slowed to 3.4 percent. And yet, in survey after survey, voters still declare inflation to be at […]

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Fresh Inflation Data Shows Intact, but Bumpy, Cool-Down

Consumer price data released Thursday showed Federal Reserve officials, the White House and American households that inflation continued to slow at the end of 2023, capping a year in which the price increases bedeviling families and policymakers cooled in earnest. Prices overall climbed more quickly in December than November on a yearly basis: 3.4 percent […]

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Inflation Is Moderating, but Pressure Remains on Biden

President Biden has yet to benefit from moderating inflation, and data set for release on Thursday could complicate the White House’s attempts to show progress on rising prices. The Consumer Price Index is expected to show that overall inflation climbed slightly more quickly in December than in November on a yearly basis. Yet “core” inflation […]

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Will America’s Good News on Inflation Last?

Prices climbed rapidly in 2021 and 2022, straining American household budgets and chipping away at President Biden’s approval rating. But inflation cooled in late 2023, a spurt of progress that happened more quickly than economists had expected and that stoked hopes of a gentle economic landing. Now, the question is whether the good news can […]

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How Lags in Statistics Skew the Inflation Picture

If you’re a normal human being trying to read recent economic news, especially about inflation, you may be feeling confused right now. You may have seen reports that consumer prices are up 3.1 percent over the past year, which sounds bad; “core” inflation, which excludes volatile food and energy prices, was 4 percent, which sounds […]

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Inflation Holds Roughly Steady Ahead of Fed Meeting

Inflation data released on Tuesday showed that price increases remained moderate in November, the latest sign that inflation has cooled substantially from its June 2022 peak. That’s likely to keep the Federal Reserve on track to leave interest rates unchanged at its final meeting of the year, which takes place this week. The Consumer Price […]

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Stock Market Rallies After CPI Inflation Report

Stocks soared on Tuesday, after an inflation reading raised hopes that the Federal Reserve’s campaign to slow inflation may have reached its limits. The S&P 500 rose 1.9 percent on Tuesday, while the Russell 2000 index of smaller companies’ stocks, which are more exposed to the ups and downs of the economy, climbed roughly 5 […]

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An Optimistic Inflation Report Reduces Pressure on the Fed to Raise Rates

Inflation eased in October and price increases showed encouraging signs of slowing under the surface, according to fresh data released on Tuesday. The report provided the Federal Reserve with renewed evidence that its battle against rapid inflation is working — and likely reduced the need for further rate increases. The overall Consumer Price Index slowed […]

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China Consumer Prices Fall, Renewing Fears of Deflation

Prices are falling again in China after a two-month reprieve, with households and businesses wary of spending even as state-controlled banks pump money into the construction of more factories. The decline in prices could put China on the cusp of a pernicious economic condition called deflation, in which companies and workers find that they receive […]

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Inflation Slowdown Remains Bumpy, September Consumer Price Data Shows

Consumer prices grew at the same pace in September as they had in August, a report released on Thursday showed. The data contained evidence that the path toward fully wrangling inflation remains a long and bumpy one. The Consumer Price Index climbed 3.7 percent from a year earlier. That matched the August reading, and it […]

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Housing was the biggest contributor to inflation last month.

Consumer prices grew at the same pace in September as they had in August, a report released on Thursday showed. The data contained evidence that the path toward fully wrangling inflation remains a long and bumpy one. The Consumer Price Index climbed 3.7 percent from a year earlier. That matched the August reading, and it […]

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Social Security Benefits Will Rise by 3.2 Percent in 2024

Because any potential cost-of-living adjustment must be baked into benefits at the start of the new year, beneficiaries receive raises after they’ve already experienced higher prices. The COLA is calculated using the Consumer Price Index for Urban Wage Earners and Clerical Workers (called the C.P.I.-W): Social Security takes the average inflation reading from July, August […]

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One Casualty of a Shutdown: Government Data

A federal government shutdown would cut off access to key data on unemployment, inflation and spending just as policymakers are trying to guide the economy to a “soft landing” and avoid a recession. Federal statistical agencies, including the Bureau of Labor Statistics, the Census Bureau and the Bureau of Economic Analysis, will suspend operations unless […]

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Inflation Sped Up as Gas Prices Rose

Federal Reserve officials are likely to remain wary about the outlook for inflation following a report released Wednesday: Overall price increases sped up because of a pop in gas prices in August, and a more closely watched index that strips out volatile food and fuel prices climbed at a faster monthly pace than expected. The […]

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