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9 hours ago · The Federal Reserve’s go-to inflation gauge held at 2.5% in July, Commerce Department data showed Friday. That’s better than anticipated and shows progress — but still underscores the bumpy ...
8 hours ago · WASHINGTON (AP) — An inflation measure closely tracked by the Federal Reserve remained low last month, extending a trend of cooling price increases that clears the way for the Fed to start cutting its key interest rate next month for the first time in 4 1/2 years. Prices rose just 0.2% from June to July, the Commerce Department said Friday ...
8 hours ago · Inflation held steady in July on a yearly basis, fresh data release on Friday showed, the latest sign that progress toward cooler price increases remains firmly intact. The release of the Federal ...
21 hours ago · Biden on July PCE Inflation. Report. Today’s report shows we are making real progress, with inflation falling to 2.5%—continuing at the lowest level in more than three years. Wages are growing ...
4 days ago · Inflation measures how quickly the prices of goods and services are rising. Inflation is classified into three types: demand-pull inflation, cost-push inflation, and built-in inflation.
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available. Notices.
Jul 12, 2024 · Core goods prices fell on a monthly basis by 0.1% and are down 1.8% for the 12 months ended in June, according to Thursday’s BLS report. Food prices saw a modest uptick last month, rising 0.2% ...
