The consumer price index increased 2.7% in November 2024 from a year earlier, according to the Bureau of Labor Statistics. Inflation is not accelerating, but remains persistently too high ...

January's inflation data showed re-acceleration in key gauges, with the consumer price index [CPI] showing a +0.5% m/m gain after a +0.1% revision in December. Other major gauges, notably the ...

Inflation is running higher than growth in wages. Unadjusted data shows US inflation was 9.1% in the year through June. At the same time, overall average hourly earnings in June had increased by a ...

High inflation is more than a tax on everyday spending, it also impacts longer run costs through higher interest rates. Chart 1 shows the relationship between inflation (blue line), interest rates ...

Anticipation of incoming president Trump’s tariffs has caused confusion regarding high prices and high inflation. They are not really the same. The effect of tariffs is to push prices up, but ...

Inflation that continues to be high over a prolonged period of time is known as persistent inflation. ... The graph below shows the duration of persistent inflation during the Great Inflation.

Discover why high inflation has been defeated and what it means for significant interest rate cuts ahead. Stay informed on ...

One side — call it Team Stagflation — argued that it would take years of pain and high unemployment to restore price stability, which is what happened after the high inflation of the 1970s.

Inflation pulled back in May 2024. The consumer price index declined to a 3.3% annual rate, down from 3.4% in April. Prices have eased for consumer staples such as gasoline and groceries.