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Consumer prices

Is higher-than-expected CPI a ‘janky’ data point?

by Joseph Addison
Is higher-than-expected CPI a ‘janky’ data point?

Customers shop for eggs at a Sprouts grocery store on April 12, 2023 in San Rafael, California.  Justin Sullivan | Getty Images News | Getty Images This report is from …

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CPI’s higher than expected. A ‘janky’ data point?

by Joseph Addison
CPI’s higher than expected. A ‘janky’ data point?

A worker arranges peaches at a fruit stand in the Pike Place Market in Seattle, Washington, US, on Thursday, July 4, 2024.  SeongJoon Cho | Bloomberg | Getty Images This …

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Social Security cost-of-living 2.5% adjustment for 2025: What to know

by Joseph Addison
Social Security cost-of-living 2.5% adjustment for 2025: What to know

Portra | E+ | Getty Images Now that the pace of inflation has come down, the cost-of-living adjustments are more average. Social Security’s annual benefit increases have averaged about 2.6% …

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Inflation rate at 2.4%, topping expectations; jobless claims jump

by Joseph Addison
Inflation rate at 2.4%, topping expectations; jobless claims jump

The pace of price increases over the past year was higher than forecast in September while jobless claims posted an unexpected jump following Hurricane Helene, the Labor Department reported Thursday. …

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‘Is he secretly working for Dems?’: JD Vance stirs controversy while trying to target Kamala Harris, trolled for ‘lying’

by Tudur Aled
‘Is he secretly working for Dems?’: JD Vance stirs controversy while trying to target Kamala Harris, trolled for ‘lying’

Donald Trump’s running mate and Ohio Senator J.D. Vance stirred controversy by connecting rising egg prices to the policies of Vice President Kamala Harris. The incident occurred during a visit …

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Here’s the deflation breakdown for August 2024 — in one chart

by Lucy Akhurst
Here’s the deflation breakdown for August 2024 — in one chart

D3sign | Moment | Getty Images Inflation cooled in August and fell to its lowest level since February 2021, which was around the time the consumer price index began to …

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Here’s the inflation breakdown for August 2024 — in one chart

by Lucy Akhurst
Here’s the inflation breakdown for August 2024 — in one chart

Grace Cary | Moment | Getty Images Inflation continued to throttle back in August, signaling that the fast-rising prices that plagued the U.S. economy for the better part of the …

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Week’s two key inflation reports to help decide size of Fed’s rate cut

by Joseph Addison
Week’s two key inflation reports to help decide size of Fed’s rate cut

People shop at a store in Brooklyn on August 14, 2024 in New York City.  Spencer Platt | Getty Images The Federal Reserve gets its last look this week at …

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Dollar set to snap 5-week losing streak as Fed cut bets pared

by Tudur Aled
Dollar set to snap 5-week losing streak as Fed cut bets pared

The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve …

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Here’s the deflation breakdown for July 2024 — in one chart

by Lucy Akhurst
Here’s the deflation breakdown for July 2024 — in one chart

Fotostorm | E+ | Getty Images Inflation cooled below 3% in July 2024, the first time it dropped beneath that level in more than three years. While many areas of …

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