In October 2022, I circulated “An In-Depth Examination of Inflation Relief for a Government Contractor[.]” Much has occurred since. Inflation remains an acute problem. In turn ...

The Consumer Price Index is the chief benchmark economists use to measure inflation. The U.S. Bureau of Labor Statistics calculates the CPI each month by collecting information on the price of ...

Recent data from the Bureau of Labor Statistics shows the cost of living continues to outpace earnings, leaving many Americans struggling to make ends meet.

Hers set out to find how much the prices of healthy groceries have gone up in the U.S.—how much did the cost of eggs really increase in the past year?—and which items have been the most resistant to inflation to help support your healthy eating goals and your budget in 2025.

This contradicts months of claims from Jerome Powell who has insisted that price inflation was rapidly returning to the Fed's two-percent price inflation goal.

LONDON (Reuters) - Investors are snapping up crude oil futures as a hedge against the risk that U.S. President Donald Trump's threatened trade tariffs will cause a resurgence in global inflation, adding momentum to a recent rally in oil prices sparked by a tightening of sanctions on Russia.

The rise in gas prices contributed to the overall 2.6% climb in the energy index, which accounted for over 40% of the overall monthly rise. The CPI rose 0.4% in December 2023, marking a 2.9% increase over the last 12 months. While gas prices spiked, food prices also increased by 0.3%.

The increase in the consumer price index for the 25-county region that includes Long Island was fueled in part by the cost of natural gas, electricity and housing.

The cost of eggs has seen a mere 37% increase in just one year and it's expected to increase even more as the year goes on.

According to the Bureau of Labor Statistics (BLS) the core consumer price index (CPI) fell from 3.3% in November to 3.2% in December. While that was a small retreat, it was an encouraging figure since it was the first month it had dropped since mid-last year.

This contradicts months of claims from Jerome Powell who has insisted that price inflation was rapidly returning to the Fed's two-percent price inflation goal.

The Consumer Price Index report for January is expected to show broadly unchanged annual inflation according to nowcasts. That may be broadly good news for the Fed.