The latest Consumer Price Index (CPI) report for December has revealed an increase in inflation, surpassing economists’ expectations. While varying figures are reported, multiple outlets note a rise to 2.9% annual inflation, the highest since July. This uptick was fueled primarily by rising energy and food costs. However, there’s some debate around core inflation, with some reports suggesting a cooling or easing trend in underlying price measures. The higher-than-expected inflation m...
In a significant turn of events, the latest Consumer Price Index (CPI) report for July 2024 has emerged, highlighting a notable moderation in inflationary pressures across the economy. With a modest increase of 0.2% for the month, the annual CPI has settled at 2.9%, marking its lowest growth rate in over three years. This development is poised to bolster the Federal Reserve’s confidence in achieving its inflation target of 2%, paving the way for potential interest rate cuts in the near fut...
In a significant development for the economy, the Consumer Price Index (CPI) report for July has demonstrated a noticeable slowdown in inflation, with the index rising by only 0.2% for the month. This figure aligns precisely with analysts’ expectations, marking a pivotal moment as the annual inflation rate now stands at 2.9%, the lowest it has been in over three years. This decline is particularly noteworthy as it highlights a departure from the rapid price increases that have characterized the ...
