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Inflation rates and figures updated for November 2008

The US Inflation Calculator website has been updated with the latest Bureau of Labor Statistics (BLS) data released Wednesday, November 19. The newest figures indicate that October’s annual rate of inflation declined to 3.7%. That compares to 4.9% in September and 5.4% in August. On a monthly basis, the Consumer Price Index (CPI) declined 1.0 percent. September was virtually unchanged while August declined 0.1%.

The Inflation Calculator has been updated to use the latest figures for calculation, as have the following pages:

Consumer Price Index Data from 1913 to 2008

Current Inflation Rates: 1999-2008

Historical Inflation Rates: 1914-2008

Annual Averages for Rate of Inflation

An in depth look at the released Labor Department data follows at Consumer prices fall record 1%, inflation drops to 3.7%.

Fed cuts interest rates to 1 percent, expects inflation to moderate

The Federal Reserve lowered its federal funds rate, the benchmark overnight lending rate at which banks lend to one another, by 50 basis points to 1 percent at Wednesday’s end of month scheduled meeting.

The latest rate is the lowest since 2004 and joins a new round of global cuts. China and Norway also cut rates on Wednesday, and other countries are expected to follow suite in an attempt to change the economic downturn and fight the ongoing crisis in the credit markets.

The Feds newest reduction follows on the heels of its emergency 1/2 percent interest rate cut on October 8 when world central banks first joined in their coordinated efforts to try to stabilize financial markets and ease out of the global credit crunch.

Today’s move was widely expected, although a minority of analysts suggested the Fed could cut rates by three-quarters of a percentage point to 0.75 percent, marking a never before seen low. Immediately following the announcement, U.S. stocks inched lower.

The announcement was made by the Federal Open Market Committee (FOMC), who released the following statement:

Continue reading Fed cuts interest rates to 1 percent, expects inflation to moderate

Inflation rates and figures updated for October 2008

The US Inflation Calculator website has been updated with the latest Bureau of Labor Statistics (BLS) data released Thursday, October 16. The newest figures indicate consumer prices (inflation) rose 4.9 in September from a year ago, compared to 5.4% in August. On a monthly basis, the Consumer Price Index (CPI) was virtually unchanged following a 0.1% decrease in August.

The Inflation Calculator has been updated to use the latest figures for calculation, as has the following pages:

Consumer Price Index Data from 1913 to 2008

Current Inflation Rates: 1999-2008

Historical Inflation Rates: 1914-2008

Annual Averages for Rate of Inflation

An in depth look at the released Labor Department data may be read via the article Consumer prices flat, inflation eases to 4.9% in September.

Inflation figures and rates updated

The US Inflation Calculator website has been updated with the latest Bureau of Labor Statistics (BLS) data released Tuesday, September 12. The newest figures show consumer prices rose 5.4% in August from a year ago. On a monthly basis, the Consumer Price Index fell 0.1%.

The Inflation Calculator has been updated to use the latest figures for calculation, as has the following pages:

Consumer Price Index Data from 1913 to 2008

Current Inflation Rates: 1999-2008

Historical Inflation Rates: 1914-2008

Annual Averages for Rate of Inflation

Read Inflation eases to 5.4% as consumer prices fall 0.1% for an in depth look at the released Labor Department data.

New Inflation Rates with Chart, Graph and Table

The US Inflation Calculator economic site now has a newly updated Inflation Rates information section that includes a chart, graph and table of monthly and annual inflation rates for the last decade.

The rates of inflation come directly from the latest Consumer Price Index (CPI) data published by the Bureau of Labor Statistics (BLS). The chart and graph offers an excellent visual tool for seeing how rates have changes throughout the years.

In economics, the inflation rate is a measure of inflation. In this case, the rate of increase of the Consumer Price Index. The rate of increase/decrease in the purchasing power of dollar is about equal.

Continue reading New Inflation Rates with Chart, Graph and Table