Inflation in the U.S.: What You Need to Know - The New York Times
WEBJun 11, 2022 · Alisha Jucevic for The New York Times. The government reported on Friday that consumer prices climbed 8.6 percent over the year through May, the fastest rate of increase in four decades. Americans ...
Inflation Is Still High. What’s Driving It Has Changed.
WEBApr 27, 2023 · In the months since, inflation has slowed as cost increases for energy and goods have cooled. But food prices are still climbing swiftly, and — crucially — cost increases in services remain ...
How Inflation and High Interest Rates Have Changed the …
WEBSep 19, 2024 · America’s bout of painfully high inflation — and the period of high interest rates meant to cure it — is finally drawing toward a close. Price increases are nearly back to a normal pace, so ...
What to know about inflation today and what it means for the economy - NPR
WEBAug 10, 2023 · Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.
US inflation slows but remains elevated in sign that price …
WEBFeb 13, 2024 · WASHINGTON (AP) — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control.. Tuesday’s report from the Labor Department showed that the consumer price index rose 0.3% from December to January, up from a …
EXPLAINER: Why US inflation is so high, and when it may ease
WEBJul 13, 2022 · A recovering job market — employers added a record 6.7 million jobs last year and a healthy average of 457,000 a month so far this year — means that Americans as a whole can afford to keep spending. The Fed foresees inflation staying above its 2% annual target into 2024. But relief from higher prices might be coming.
Inflation, explained: Why prices keep going up and who’s to blame - CNN
WEBNov 13, 2021 · In the United States, prices have climbed 6.2% — the biggest increase since November 1990, and well above the Federal Reserve’s long-term inflation goal of around 2%. And here’s where Econ ...
Unpacking the Causes of Pandemic-Era Inflation in the US
WEBThe annual inflation rate, as measured by the Consumer Price Index, was 1.7 percent in February 2021 but rose to more than 5 percent in June 2021. It continued rising for another year, peaking at about 9 percent in June 2022. The rise in the inflation rate has been attributed to many factors. The US response to the COVID-19 pandemic included a ...
Inflation report: US CPI shows prices fell in June for the first time ...
WEBJul 12, 2024 · Excluding energy and food prices, a closely watched “core” index of underlying inflation also slowed more than expected. The core CPI rose 0.1% from May — its slowest pace since August 2021 ...
US inflation reaches 3-year low as Fed prepares to cut interest …
WEBSep 11, 2024 · WASHINGTON (AP) — The post-pandemic spike in U.S. inflation eased further last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates and likely shaping the economic debate in the final weeks of the presidential race. Wednesday’s report from the Labor Department ...