The Fed and consumers may have less cause for worry over inflation as a continual fall in commodities gives everyone money to purchase more than gas and groceries.
In the last Federal Reserve meeting on August 4, the Fed said "inflation has been high, spurred by the earlier increases in the prices of energy and some other commodities."
While commodity prices have increased, they are nowhere near their punishing spring highs. As an example, oil prices dropped Monday to a low of $112.72 a barrel. A far cry from its record high of $147.27 on July 11.
Continue reading Inflation helped by lower commodity prices
The Federal Reserve met Tuesday and did what most expected… nothing. Concern over both inflation and economic growth were voiced. But in the end, the Fed left the benchmark federal funds rate at 2 %, where it’s been since April.
The vote was 10-1, with a dissent from Dallas Fed President Richard Fisher, who wanted to increase rates to combat inflation, as he did in the last Fed meeting.
Based on the Federal Open Market Committee (FOMC) statement after the meeting, investors took measure and concluded the Fed would not raise rates in the near term either. Continue reading Fed warns against inflation, but hold rates at 2%
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
On this site you’ll find our easy-to-use inflation calculator along with an assortment of information, news, charts and other useful data about inflation in the US.
Come back often, as the tools and service will grow!