US consumer prices finally start to ease
2 years, 1 month ago

US consumer prices finally start to ease

Al Jazeera  

Prices rose less than expected in October, pushing inflation below eight percent for the first time this year. Even with last month’s tentative easing of inflation, the Federal Reserve is widely expected to keep raising interest rates to try to stem persistently high price increases. But Thursday’s better-than-expected data raised the possibility that the Fed could decide to slow its rate hikes, a prospect that sent stock prices jumping immediately after the government issued the figures. So far this year, the Fed has raised its benchmark interest rate six times in sizeable increments, heightening the risk that prohibitively high borrowing rates – for mortgages, auto purchases and other high-cost expenses – will tip the world’s largest economy into recession. “The data will be welcome news for the finally showing some response in prices” to the rate increases, said Rubeela Farooqi, chief US economist at High Frequency Economics.

Inflation Prices High Fed Rate Ease Finally Start  prices  ease  months  high  increases  hikes  fed  economy  rate  inflation  consumer  rates  finally  start

History of this topic

U.S. consumer spending rises in November; monthly inflation subsides
3 days, 10 hours ago

U.S. consumer spending rises in November; monthly inflation subsides

The Hindu  

U.S. consumer spending increased in November, underscoring the economy's enduring strength, which prompted the Federal Reserve this week to project fewer interest rate cuts in 2025 than it had three months ago. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, rose 0.4% last month after a downwardly revised 0.3% gain in October, the Commerce Department's Bureau …

US Fed’s preferred inflation yardstick edges higher by 2.4% in November, stays within Wall Street estimates
4 days, 9 hours ago

US Fed’s preferred inflation yardstick edges higher by 2.4% in November, stays within Wall Street estimates

Live Mint  

The US Federal Reserve's preferred inflation measure rose for a second straight month in November by 2.4 per cent, yet stayed within Wall Street estimates. The US Commerce Department's data showed on Friday that the personal consumption expenditures price index rose 2.4 per cent year-on-year in the 12 months to November, up from 2.3 per cent in October. At 2.4 …

Federal Reserve’s preferred inflation gauge shows price pressures eased last month
4 days, 13 hours ago

Federal Reserve’s preferred inflation gauge shows price pressures eased last month

Associated Press  

WASHINGTON — An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The modest monthly inflation figures in Friday’s report point to one likely reason why the Fed was willing to cut its benchmark interest rate Wednesday: Its preferred inflation gauge, known …

Where inflation accelerated in November – and where it eased
6 days, 13 hours ago

Where inflation accelerated in November – and where it eased

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Some products swung the other way last month, from …

U.K. Inflation rises further above Bank of England's target in November
6 days, 17 hours ago

U.K. Inflation rises further above Bank of England's target in November

The Hindu  

Inflation in the U.K. has risen to its highest level since March, driven by an increase in fuel prices last month, official figures showed on Wednesday. Rate-setters had anticipated a pick-up in inflation when the central bank last cut rates in early November as price pressures eased earlier in the year — in September, inflation had fallen to its lowest …

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves
Trending News
6 days, 19 hours ago

Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves

Daily Mail  

Inflation rose for the second month in a row in November, hitting 2.6 per cent to further increase pressure on Labour Chancellor Rachel Reeves over her Budget's impact on the country. Spikes in petrol and tobacco prices drove CPI to 2.6 per cent, up from 2.3 per cent in October, the Office for National Statistics said. Ms Reeves said: 'I …

US wholesale inflation accelerated in November in sign that some price pressures remain elevated
1 week, 5 days ago

US wholesale inflation accelerated in November in sign that some price pressures remain elevated

Associated Press  

WASHINGTON — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% …

Consumer inflation moderates slightly to 5.5% in November
1 week, 5 days ago

Consumer inflation moderates slightly to 5.5% in November

The Hindu  

India’s retail inflation cooled slightly to 5.5% in November from a 14-month high of 6.2% in October, but remained significantly elevated for rural consumers at 5.95%, while dropping to 4.8% for their urban counterparts. “The decline in inflation in November 2024 is mainly due to decline in inflation in ‘food & beverages’ group,” the National Statistics Office said, pointing to …

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
Trending News
1 week, 6 days ago

Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons

India TV News  

India's retail inflation has declined to 5.48 per cent in November compared to 6.21 pewr cent in October, mainly due to easing food prices, especially vegetables, according to government data released on Thursday. According to Consumer Price Index data released by the National Statistics Office, the inflation in the food basked reduced to 9.04 per cent in November. The CPI-based …

US wholesale inflation surged higher in November
Trending News
1 week, 6 days ago

US wholesale inflation surged higher in November

CNN  

CNN — US wholesale inflation shot higher last month, an unwelcome sign that some prices could be heating up before they come down the pike to consumers. A closely watched gauge of underlying wholesale inflation grew more modestly and a chunk of November’s increase could be attributed to a spike in egg prices as a deadly bird flu ripples through …

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
1 week, 6 days ago

U.S. wholesale inflation accelerated in November, a sign that some price pressures remain

LA Times  

Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% last month …

US inflation rose for second straight month: What are the challenges for Trump now?
1 week, 6 days ago

US inflation rose for second straight month: What are the challenges for Trump now?

Firstpost  

President-elect Donald Trump has made tackling inflation and reducing the cost of living a cornerstone of his campaign. However, the recent uptick in inflation suggests the road ahead may be more complex than anticipated Inflation in the United States ticked up for the second consecutive month in November. The consumer price index, a key measure of inflation, rose to 2.7 …

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict
1 week, 6 days ago

US inflation rises 2.7% YoY in November, logs highest gain in seven months; Wall Street awaits US Fed verdict

Live Mint  

US Inflation Report November 2024: US inflation accelerated for a second straight month in November 2024, reporting the steepest gain in the last seven months amid higher food prices and other sectors. US Inflation Report November 2024: Key Metrics The CPI rose 0.3 per cent last month, the largest gain since April after advancing 0.2 per cent for four straight …

US inflation ticked up last month as some price pressures remain persistent
Trending News
1 week, 6 days ago

US inflation ticked up last month as some price pressures remain persistent

Associated Press  

WASHINGTON — Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major …

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead
2 weeks ago

Inflation heated up last month as consumer prices rose 2.7%, underscoring the slog ahead

CNN  

CNN — Inflation heated back up again in November, but it likely wasn’t bad enough to keep the Federal Reserve from cutting rates next week. “We have some PTSD around egg prices from the pandemic and certainly lingering avian flu outbreaks; but those prices being up almost 40% year over year certainly is another thing people will look at in …

Rising costs of used cars and groceries push US inflation higher in November
2 weeks ago

Rising costs of used cars and groceries push US inflation higher in November

India Today  

WASHINGTON: Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source …

U.S. inflation ticked up last month as some price pressures persist
2 weeks ago

U.S. inflation ticked up last month as some price pressures persist

LA Times  

Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source of …

US consumer price increases accelerated last month with inflation pressures resilient
3 weeks, 6 days ago

US consumer price increases accelerated last month with inflation pressures resilient

Associated Press  

WASHINGTON — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Yet excluding the volatile food and energy categories, so-called “core” prices also …

Soft landing? Not so fast: Inflation heated back up in October
4 weeks ago

Soft landing? Not so fast: Inflation heated back up in October

CNN  

CNN — The Federal Reserve’s favored inflation gauge just moved in the wrong direction. “The big picture is inflation is still a risk; that hasn’t changed,” Elizabeth Renter, senior economist at NerdWallet, told CNN in an interview. “The disinflationary trend that we saw earlier this year has effectively stalled as we head into what’s likely going to be a bumpy …

Energy costs push UK inflation to 2.3 percent
1 month ago

Energy costs push UK inflation to 2.3 percent

China Daily  

Inflation in the United Kingdom increased to 2.3 percent in October, putting pressure on the Bank of England to wait until next year before making additional interest rate cuts. Figures released by the Office for National Statistics, or ONS, on Wednesday showed that surging household energy costs pushed the consumer price index higher, breaking the pattern of declining inflation rates …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 1 week ago

Retail sales up solidly in October as Americans showed continued willingness to spend

Associated Press  

WASHINGTON — Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. “People may not love how much it costs to go …

Retail sales up solidly in October as Americans showed continued willingness to spend
1 month, 1 week ago

Retail sales up solidly in October as Americans showed continued willingness to spend

LA Times  

Americans stepped up their spending at retailers last month in the latest sign that healthy consumer spending is driving the economy’s steady growth. Retail sales rose 0.4% from September to October, the Commerce Department said Friday, a solid increase though less than the previous month’s robust 0.8% gain. Sales in some categories fell — furniture stores, clothing outlets and drug …

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills
1 month, 1 week ago

Food prices worried most US voters, but Trump's plans likely won't lower their grocery bills

New Indian Express  

Americans are fed up with the price of food, and many are looking to President-elect Donald Trump to lower their grocery bills. And many economists think Trump's plans, including putting tariffs on imported foods and deporting undocumented workers, could actually make food prices rise. Asked how he would lower grocery prices during a September town hall in Michigan, Trump said …

Higher shelter costs lift US consumer prices in October
1 month, 1 week ago

Higher shelter costs lift US consumer prices in October

Live Mint  

* Consumer price index increases 0.2% in October * Shelter accounts for more than half of rise in CPI * CPI advances 2.6% year-on-year; base effects also a factor * Core CPI gains 0.3%; up 3.3% year-on-year By Lucia Mutikani WASHINGTON, - U.S. consumer prices increased as expected in October amid higher costs for shelter such as rents, and progress …

US inflation stays firm for third month with 0.3 percent core CPI gain
1 month, 1 week ago

US inflation stays firm for third month with 0.3 percent core CPI gain

Hindustan Times  

A measure of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face in trying to bring price pressures fully under control. The US central bank will also have to contend with a new set of policies under President-elect Donald Trump, with companies already considering raising prices in anticipation of the higher tariffs he’s promised …

US inflation may have picked up in October after months of easing
Trending News
1 month, 1 week ago

US inflation may have picked up in October after months of easing

Associated Press  

WASHINGTON — Annual inflation may have risen in October for the first time in seven months, a sign that price increases might be leveling off after steadily cooling for more than two years. From September to October, core prices are expected to have risen 0.3% for a third straight month — a pace that, if sustained, would exceed the Federal …

U.S. inflation rose slightly last month after 2 years of steady cooling but remained low
1 month, 1 week ago

U.S. inflation rose slightly last month after 2 years of steady cooling but remained low

LA Times  

Inflation in the United States ticked up in October, driven by costlier rents, used cars and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021. Consumer inflation, which peaked at 9.1% in 2022, has since fallen steadily, though overall prices are still about 20% higher than they …

Fed up with high prices? Here's where things stand with inflation
1 month, 1 week ago

Fed up with high prices? Here's where things stand with inflation

NPR  

Fed up with high prices? Here's where things stand with inflation toggle caption Justin Sullivan/Getty Images By the numbers, inflation in America continues in the same direction: Easing largely — but still sticky. "We both make decent wages, but with the way that inflation has increased, it's like our dollar just doesn't go as far," says Spangler, who helps manage …

Inflation hit a bump in October after slowing for six straight months
1 month, 1 week ago

Inflation hit a bump in October after slowing for six straight months

CNN  

CNN — The annual rate of inflation moved higher last month for the first time since March, as expected — but economists say the underlying trend remains favorable for another round of interest rate cuts. Consumer prices rose 0.2% last month and were up 2.6% from the year before, according to the latest Consumer Price Index data released Wednesday by …

China's consumer prices see stable growth in October
1 month, 2 weeks ago

China's consumer prices see stable growth in October

China Daily  

Xinhua/chinadaily.com.cn | Updated: 2024-11-09 09:38 BEIJING -- China's consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery. The consumer price index, a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics said Saturday. …

China's consumer prices see stable growth in October
1 month, 2 weeks ago

China's consumer prices see stable growth in October

China Daily  

BEIJING -- China's consumer prices reported mild increases in October as the domestic demand continued to improve amid a sustained economic recovery. The consumer price index, a main inflation gauge, was up 0.3 percent year on year in October, slightly lower than the 0.4 percent rise in September, the National Bureau of Statistics said Saturday. Falling energy prices dragged down …

Inflation gauge closely watched by the Fed falls to lowest level since early 2021
1 month, 3 weeks ago

Inflation gauge closely watched by the Fed falls to lowest level since early 2021

LA Times  

As a presidential race profoundly shaped by Americans’ frustration with high prices nears its end, the government said Thursday that an inflation gauge closely watched by the Federal Reserve has dropped to near pre-pandemic levels. Inflation peaked at 7.1% in June 2022 after the economy had accelerated out of the pandemic recession at a time of severe shortages of parts …

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation
3 months ago

Ahead of elections, US Federal Reserve shifts interest rates dramatically to deal with worst inflation

India TV News  

The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing costs that followed growing unease about the health of the job market. "The committee has gained greater confidence that inflation is moving sustainably toward 2%, and judges …

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
3 months, 1 week ago

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates

Hindustan Times  

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 next week. Excluding volatile food and energy costs, so-called core prices rose 3.2% in August from a year ago, the same as in July. A key reason for last month's drop …

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 2 weeks ago

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

Politico  

For months, cooling inflation has provided gradual relief to America’s consumers, who were stung by the price surges that erupted three years ago, particularly for food, gas, rent and other necessities. A key reason for last month’s drop in overall inflation was the third decline in gas prices in the past four months: Average gas prices fell 0.6% from July …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 2 weeks ago

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates

LA Times  

Wednesday’s report from the Labor Department showed that consumer prices rose 2.5% in August from a year earlier, down from 2.9% in July. 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 next week. Excluding volatile food and energy costs, …

China's CPI up 0.6% in August
3 months, 2 weeks ago

China's CPI up 0.6% in August

China Daily  

China's consumer prices continued to rise in August amid a sustained recovery of domestic demand, while declines in producer prices indicated more time needed for market sentiment to get fully restored. The consumer price index, a main gauge of inflation, was up 0.6 percent year-on-year last month, quickening from the 0.5 percent increase in July, the National Bureau of Statistics …

China's CPI up 0.6% in August
3 months, 2 weeks ago

China's CPI up 0.6% in August

China Daily  

China's consumer prices continued to rise in August amid a sustained recovery of domestic demand, while declines in producer prices indicated more time needed for market sentiment to get fully restored. The consumer price index, a main gauge of inflation, was up 0.6 percent year-on-year last month, quickening from the 0.5 percent increase in July, the National Bureau of Statistics …

China's CPI up 0.6% in August
3 months, 2 weeks ago

China's CPI up 0.6% in August

China Daily  

China's consumer prices continued to rise in August amid a sustained recovery of domestic demand, while declines in producer prices indicated more time needed for market sentiment to get fully restored. The consumer price index, a main gauge of inflation, was up 0.6 percent year-on-year last month, quickening from the 0.5 percent increase in July, the National Bureau of Statistics …

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates
4 months, 1 week ago

U.S. inflation slowed again in July, clearing the way for the Fed to begin cutting rates

LA Times  

A sale sign is displayed on a store clothes rack. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to July after dropping slightly the previous month for the first time in four years. At a news conference last month, Powell said that cooler inflation data this spring had strengthened the Fed’s confidence that …

Federal Reserve’s preferred inflation gauge shows price pressures easing further
5 months, 3 weeks ago

Federal Reserve’s preferred inflation gauge shows price pressures easing further

Associated Press  

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease. Excluding volatile food and energy prices, so-called core inflation rose 0.1% from April to May, the smallest increase since the spring of 2020, when the pandemic erupted and shut down the economy. The presumptive …

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month
6 months, 1 week ago

Anxiety over persistent inflation helps drive down US consumer sentiment for third consecutive month

Associated Press  

WASHINGTON — U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation. The University of Michigan’s consumer sentiment index, released Friday in a preliminary version, dropped to 65.6 this month from a final reading of 69.1 in May. AP AUDIO: Anxiety over persistent inflation …

US inflation eases to 3.3% in May, defying expectations for slight rise
6 months, 1 week ago

US inflation eases to 3.3% in May, defying expectations for slight rise

Hindustan Times  

Stock markets surged Wednesday after data showed US inflation slowed in May, raising hopes the Federal Reserve will cut interest rates later this year. "The cool inflation numbers should boost investor confidence for a Fed rate cut in the second half of 2024," said Bret Kenwell, US investment analyst at trading platform eToro. With inflation slowing and other recent data …

US inflation cooled in May in a sign that price pressures may be easing
6 months, 1 week ago

US inflation cooled in May in a sign that price pressures may be easing

Associated Press  

WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that an acceleration of prices that occurred early this year may have passed. Consumer prices excluding volatile food and energy costs — the closely watched “core” index — rose 0.2% from April to May, the government said Wednesday. Fed officials, who will …

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year
6 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve rises at slowest pace this year

LA Times  

A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell sharply in the second half of last year before sticking well above the Fed’s 2% target in the first few months of 2024. Friday’s report also showed …

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools
6 months, 3 weeks ago

US economic growth last quarter revised down from 1.6% to 1.3%, inflation cools

Hindustan Times  

The U.S. economy grew more slowly in the first quarter than previously estimated after downward revisions to consumer and equipment spending and a key measure of inflation ticked down, keeping the Federal Reserve on track to possibly begin cutting interest rates before the end of the year. Details of the report showed that consumer spending growth, revised down by 0.5 …

US inflation eased last month in the first slowdown of 2024
7 months, 1 week ago

US inflation eased last month in the first slowdown of 2024

Associated Press  

WASHINGTON — Led by lower food and auto prices, inflation in the United States cooled slightly last month after three elevated readings, likely offering a tentative sigh of relief for officials at the Federal Reserve as well as President Joe Biden’s re-election team. Instead, he stressed that the Fed’s policymakers need “greater confidence” that inflation is falling to their 2% …

US consumer sentiment drops to 6-month low on inflation, unemployment fears
7 months, 2 weeks ago

US consumer sentiment drops to 6-month low on inflation, unemployment fears

Associated Press  

WASHINGTON — U.S. consumer sentiment fell sharply in May to the lowest level in six months as Americans cited stubbornly high inflation and interest rates, as well as fears that unemployment could rise. AP AUDIO: US consumer sentiment drops to 6-month low on inflation, unemployment fears AP Washington correspondent Sagar Meghani reports American consumer sentiment has fallen amid high inflation, …

US consumer inflation grows more than expected in March, Fed rate cut looms
8 months, 2 weeks ago

US consumer inflation grows more than expected in March, Fed rate cut looms

Hindustan Times  

US consumer price increases remained high in March owing to gas, rents, and car insurance, the government said in a report. The numbers could put a affect when Fed weighs in on rate cuts and by how much interest rates are brought down this year. Overall consumer prices rose 0.4% from February to March and compared with 12 months earlier, …

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually
8 months, 3 weeks ago

An inflation gauge closely tracked by the Federal Reserve shows price pressures easing gradually

Associated Press  

WASHINGTON — A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’s re-election bid. Excluding volatile food …

Discover Related