As the causes of US inflation grow, so do the dangers
2 years, 5 months ago

As the causes of US inflation grow, so do the dangers

Associated Press  

WASHINGTON — What keeps driving inflation so high? Thursday’s report on consumer prices in September came in hotter than expected even as some previously big drivers of inflation — gas prices, used cars — fell for a third straight month. “The profile of who’s buying used is a dramatically upper-scale type of customer.” SERVICES INFLATION TAKES OVER Rising prices can often lead consumers to switch their spending to other things, rather than cutting back overall. According to the minutes of its last meeting in September, policymakers “emphasized that the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action.” FED PREPARED TO WEAKEN ECONOMY FOR A ‘FEW YEARS’ At their most recent meeting in late September, Fed officials warned that their rate hikes would likely slow the economy for an extended period, with growth coming in at “ a below-trend pace in this and the coming few years” and unemployment likely rising. Among central bank officials, Loretta Mester, president of the Federal Reserve Bank of Cleveland, this week sounded one of the hardest-line notes when she suggested that “it will take a couple of years before inflation returns to the Fed’s 2% goal.” “We cannot say that inflation has even peaked yet,” Mester said.

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History of this topic

Inflation cooled in February, but Trump's trade war threatens to raise prices
1 week, 6 days ago

Inflation cooled in February, but Trump's trade war threatens to raise prices

Salon  

If your wallet has whiplash from an uncertain economy, here's a bit of welcome news: Inflation eased more than expected last month. A report released by the Bureau of Labor Statistics on Wednesday showed the Consumer Price Index — a measure of average change in prices paid by consumers over time — increased by 0.2% in February, down from a …

Inflation is easing, but another alarm bell is ringing about the US economy
3 weeks, 4 days ago

Inflation is easing, but another alarm bell is ringing about the US economy

CNN  

CNN — The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years. The Personal Consumption Expenditures price index rose 2.5% in January from the year before, slowing from December’s 2.6% annual rate, …

If Trump wants to fix the inflation crisis, he has a funny way of showing it
1 month ago

If Trump wants to fix the inflation crisis, he has a funny way of showing it

CNN  

CNN — Inflation appeared nearly defeated just a few months ago, but price hikes started accelerating again, led in particular by rising egg prices and fuel costs. The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump’s tariffs potentially boosting inflation. A new CNN poll released last Thursday similarly showed pessimism on the …

Inflation is heating up again, putting pressure on Trump to cool it on tariffs
1 month, 1 week ago

Inflation is heating up again, putting pressure on Trump to cool it on tariffs

Raw Story  

Inflation figures released on Feb. 12, 2025, will come as a disappointment to Americans who hoped President Donald Trump would be true to his word on bringing down prices “on Day One.” It will also put pressure on the new administration to be wary of policies that may heat up inflation – and that includes tariffs. Trump has also proposed …

Inflation is Trump’s problem now
1 month, 1 week ago

Inflation is Trump’s problem now

CNN  

New York CNN — President Donald Trump has a rhetorical style that can be hard to follow. The “Biden inflation” he’s referring to is the Consumer Price Index, which went up 3% year-over-year in January — the fastest pace since June. “Blame Biden” satisfies Trump’s need for a simple-to-understand villain, regardless of its accuracy. Trump’s economic agenda doesn’t have much …

U.S. consumer inflation unexpectedly up, Trump blames Biden
Trending News
1 month, 1 week ago

U.S. consumer inflation unexpectedly up, Trump blames Biden

Raw Story  

by Daniel AVIS U.S. consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden. "The jump in consumer prices in January supports our view that the Fed will hold rates steady at least through of this year," Nationwide chief economist …

Did prices jump in January? Inflation report will provide latest update on consumer costs
1 month, 1 week ago

Did prices jump in January? Inflation report will provide latest update on consumer costs

Associated Press  

WASHINGTON — Inflation likely stayed elevated last month in the latest sign that consumer price growth has gotten stuck after declining for much of last year. Wednesday’s inflation report will be closely watched to see if a recent trend that has bedeviled the inflation-fighters at the Federal Reserve will continue: In January 2024, prices jumped sharply in part because many …

US inflation rises to 3% in January, delaying Fed rate cuts
1 month, 1 week ago

US inflation rises to 3% in January, delaying Fed rate cuts

India Today  

WASHINGTON: U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts. “This just extends the Fed’s hold.” Inflation often jumps in January as many companies raise their prices at the beginning of the …

What’s propping up inflation? Blame housing
1 month, 2 weeks ago

What’s propping up inflation? Blame housing

CNN  

CNN — Kayla Kataska began shopping for her first home last month — and she’s already had to adjust her expectations. Last fall, when the Fed began slashing interest rates from a bruising 23-year high, some experts were prepared to declare victory in the central bank’s fight against a historic bout of inflation. In the months since the Fed’s first …

US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction
1 month, 3 weeks ago

US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

Hindustan Times  

WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying prices pressures showed signs of easing. US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada and …

US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction
1 month, 3 weeks ago

US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

Associated Press  

WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying prices pressures showed signs of easing. When measured in shorter time frames, inflation is slowing: In December, core prices ticked up 0.2% from the previous month, a pace that is nearly consistent with the Fed’s annual target. But the Fed’s preferred gauge …

U.S. inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction
1 month, 3 weeks ago

U.S. inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

LA Times  

An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying price pressures showed signs of easing. Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a 2.4% annual pace in November and the third straight increase. When measured in shorter time frames, inflation …

December inflation figures set to make or break February rate cut, with government watching on
1 month, 3 weeks ago

December inflation figures set to make or break February rate cut, with government watching on

ABC  

The new inflation figures published on Wednesday may be decisive for the Reserve Bank as it weighs a February interest rate cut. Good news expected on inflation The Reserve Bank's preferred "underlying" measure of inflation was 3.5 per cent in the September quarter, and it forecasts a slight decline to 3.4 per cent in December. Taylor Nugent, a senior economist …

CPI report: US stocks surge after latest inflation report shows progress on price hikes
2 months, 1 week ago

CPI report: US stocks surge after latest inflation report shows progress on price hikes

CNN  

CNN — Recently, progress on inflation appeared to be stuck or, at worst, reversing: A closely watched gauge of underlying price hikes — an index that excludes highly volatile categories — hadn’t budged for months. The closely watched core measurement of the Consumer Price Index slowed for the first time in months, according to Bureau of Labor Statistics data released …

CPI report: US stocks surge after latest inflation report shows progress on price hikes
2 months, 1 week ago

CPI report: US stocks surge after latest inflation report shows progress on price hikes

CNN  

CNN — Recently, progress on inflation appeared to be stuck or, at worst, reversing: A closely watched gauge of underlying price hikes — an index that excludes highly volatile categories — hadn’t budged for months. The closely watched core measurement of the Consumer Price Index slowed for the first time in months, according to Bureau of Labor Statistics data released …

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

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

LA Times  

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 as the …

Where inflation accelerated in November – and where it eased
3 months 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 …

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report
3 months, 1 week ago

New inflation numbers threaten Trump and GOP's plans for tax cuts and tariffs: report

Raw Story  

New Labor Department data released Wednesday showed stubborn inflation continued, which could make it difficult for President-elect Donald Trump and his GOP allies to pass certain legislation they've planned. While the consumer price index increased 2.7 percent in November from 2023, it was also larger than September's 2.4 percent rise, The Washington Post reported. "While Trump criticized President Joe Biden’s …

US inflation rose for second straight month: What are the challenges for Trump now?
3 months, 1 week 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 ticked up last month as some price pressures remain persistent
Trending News
3 months, 2 weeks 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 …

U.S. inflation ticked up last month as some price pressures persist
3 months, 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 …

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

US consumer price increases accelerated last month with inflation pressures resilient
3 months, 3 weeks 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
3 months, 3 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
4 months 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 …

US inflation rises 2.6% YoY in first annual acceleration since March; Wall Street sees fewer rate cuts in 2025
4 months, 1 week ago

US inflation rises 2.6% YoY in first annual acceleration since March; Wall Street sees fewer rate cuts in 2025

Live Mint  

US inflation ticked higher in October 2024 amid higher costs for shelter after having slowed in September to their lowest pace since 2021, which led Wall Street to lower its bets for the US Federal Reserve's definite interest rate cuts in 2025. US consumer price index rose 2.6 per cent from a year earlier, up from 2.4 per cent in …

US inflation stays firm for third month with 0.3 percent core CPI gain
4 months, 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
4 months, 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 …

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

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

Inflation gauge closely watched by the Fed falls to lowest level since early 2021
4 months, 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 …

Inflation drops: What got cheaper and what cost more in September
5 months, 1 week ago

Inflation drops: What got cheaper and what cost more in September

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Other products seeing a switch from rising to falling prices include pizzas and quiches, …

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts
5 months, 3 weeks ago

Fed's favored inflation gauge shows cooling price pressures, clearing way for more rate cuts

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. Read our privacy policy The Federal Reserve's preferred inflation …

Column: American economists and consumers got inflation wrong during its recent surge. They still do
5 months, 3 weeks ago

Column: American economists and consumers got inflation wrong during its recent surge. They still do

LA Times  

Sen. JD Vance tried to blame the $4 price of a dozen eggs on Kamala Harris in this campaign video. The “strong policy response” Powell referred to was the Fed’s raising of short-term interest rates 11 times, a total of 5.25 percentage points, from March 2022 through July 2023. In November 2021, however, Powell told Congress that it was “probably …

US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
6 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 …

U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
6 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, …

US inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
6 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 slowed again in July, clearing the way for the Fed to begin cutting rates
7 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 …

Inflation set to rise above 2% in first increase this year
7 months, 1 week ago

Inflation set to rise above 2% in first increase this year

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. Read our privacy policy Inflation is set to rise …

Inflation isn't as bad as many feared, but this week's numbers pose a dilemma for the RBA — and the Albanese government
7 months, 3 weeks ago

Inflation isn't as bad as many feared, but this week's numbers pose a dilemma for the RBA — and the Albanese government

ABC  

Just over five years ago, the then Reserve Bank deputy governor Guy Debelle gave a speech in Sydney on "Climate Change and the Economy" in which he particularly canvassed the impact of climate change on the way monetary policy works. Annual inflation rises to 3.8 per cent, up from 3.6 per cent Photo shows Finances generic Australia's annual rate of …

Is inflation still cooling? Thursday's report on June prices will provide clues
8 months, 2 weeks ago

Is inflation still cooling? Thursday's report on June prices will provide clues

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. If the June inflation data matches the collective forecast …

US inflation cooled in May in a sign that price pressures may be easing
9 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 …

Inflation seems to be cooling again. Americans aren’t buying it
9 months, 3 weeks ago

Inflation seems to be cooling again. Americans aren’t buying it

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. The Conference Board’s latest Consumer Confidence Index released Tuesday revealed that average 12-month inflation projections rose to 5.4%, and the share of consumers that expect higher interest rates in the year ahead climbed to 56.2%. Joe Raedle/Getty Images Wall Street will get its next look at …

U.S. Inflation Eased Last Month In The First Slowdown Of 2024
10 months, 1 week ago

U.S. Inflation Eased Last Month In The First Slowdown Of 2024

Huff Post  

LOADING ERROR LOADING WASHINGTON — Consumer 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% target level before …

US inflation eased last month in the first slowdown of 2024
10 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% …

Inflation improves slightly in April, but high cost of housing remains a big obstacle
10 months, 1 week ago

Inflation improves slightly in April, but high cost of housing remains a big obstacle

LA Times  

Cheryl Tugade, left, and Sanaa Sodhi look for apartments in Berkeley. “Because of high interest rates,” he said, “there’s no mobility out of rental situations to buy homes. Fed policymakers track a different inflation measure in which housing isn’t given as much weight in figuring overall inflation. “Maybe if we’re lucky we get one cut this year.” The Fed’s benchmark …

Federal Reserve minutes: Some officials highlighted worsening inflation last month
11 months, 2 weeks ago

Federal Reserve minutes: Some officials highlighted worsening inflation last month

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. Read our privacy policy Some Federal Reserve policymakers argued …

Higher Gas And Rents Keep U.S. Inflation Elevated, Likely Delaying Fed Rate Cuts
11 months, 2 weeks ago

Higher Gas And Rents Keep U.S. Inflation Elevated, Likely Delaying Fed Rate Cuts

Huff Post  

LOADING ERROR LOADING WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how many — or even whether — to cut interest rates this year. Gas prices are seen at a gas …

Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts
11 months, 2 weeks ago

Higher gas and rents keep US inflation elevated, likely delaying Fed rate cuts

Associated Press  

WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often — or even whether — to cut interest rates this year. “The lack of moderation in inflation will undermine Fed officials’ …

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