Consumer Price Index
Inflation slowed last month thanks to cheaper fuel and airfares.
Jan. 10 Jan. 11 Jan. 12 3,880 3,900 3,920 3,940 3,960 3,980 The stock market wobbled on Thursday morning as investors reacted to fresh data that showed price increases slowed in December but in some corners of the economy, inflation remains stubbornly high. The S&P 500 stock index fluctuated between small gains and losses in […]
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Social Security’s Cost-of-Living Increase Will Be Largest in Four Decades, an Estimate Says
More than 70 million Americans who receive Social Security benefits can expect an inflation adjustment to their monthly checks next year that will be the largest in four decades. Government inflation figures for August, released on Tuesday, point to a Social Security cost-of-living adjustment, known as the COLA, of 8.7 percent, according to an estimate […]
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Relief Eludes Many Renters as Fed Raises Interest Rates
Already, new home construction has dropped sharply as borrowing costs climb, declining 14.4 percent in May to the lowest rate in more than a year. Early data suggest that apartment construction is also taking a hit — something industry executives can attest to. David Wali, who runs the Boise office of the Gardner Company, a […]
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Strong Wage and Jobs Growth Keeps Fed on Track for Big Rate Increase
A surprisingly robust June employment report reinforced that America’s labor market remains historically strong even as recession warnings reach a fever pitch. But that development, while good news for the Biden administration, is likely to keep the Federal Reserve on its aggressive path of interest rate increases as it tries to cool the economy and […]
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At June Meeting, Fed Officials Worried Inflation Would Become Entrenched
Federal Reserve officials made their biggest interest rate increase since 1994 at their June meeting, after incoming inflation data spooked them, minutes from the meeting showed, with policymakers expressing concern that stubbornly persistent price pressures posed a “significant risk” of becoming a more permanent feature of the economy if the central bank did not act […]
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The Fed Raises Interest Rates by 0.75 Percentage Points to Tackle Inflation
The Federal Reserve took its most aggressive step yet to try to tame rapid and persistent inflation, raising interest rates by three-quarters of a percentage point on Wednesday and signaling that it is prepared to inflict economic pain to get prices under control. The rate increase was the central bank’s biggest since 1994 and could […]
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Inflation in the United States: What You Need to Know
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 are confronting more expensive food, fuel and housing, and some are grasping for answers about what is causing the price burst, how long it might last and what can be […]
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Inflation Sped Up Again in May, Dashing Hopes for Relief
A surge in prices in May delivered a blow to President Biden and underscored the immense challenge facing the Federal Reserve as inflation, which many economists had expected to show signs of cooling, instead reaccelerated to climb at its fastest pace since late 1981. Consumer prices rose 8.6 percent from a year earlier and 1 […]
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Why Has the CPI Inflation Calculation Changed Over Time?
Consumer prices are increasing at the fastest clip in about 40 years, climbing 8.3 percent in April compared with a year earlier. As popular anger about the rising costs mounts, a chorus of critics have been arguing that the sky-high inflation figure is actually being undercounted. In YouTube videos, on conservative talk shows and in […]
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