The U.S. cost of living accelerated in May as Americans paid more for a broad range of goods and services, according to a government report released Friday, June 10. Higher consumer prices boosted the rate of annual inflation to its highest level in more than four decades.
Soaring food, energy and shelter prices contributed the most in driving up inflation — on a monthly and annual basis. Grocery prices saw their biggest 12-month gain in over 43 years. Inflation data shows other categories of pricing increases as well, like spiking airline fares and a return to higher vehicle prices — both new and used. Continue reading U.S. Inflation Marks Another 40-Year High As CPI Reaches 8.6% in May
The annual rate of inflation in the United States slowed for the first time in eight months in April, but inflation gauges remained stubbornly high and outstripped forecasts, according to government data released Wednesday, May 11.
Easing energy prices helped to reduce overall inflation from the month prior, but consumer prices are still rising rapidly and are sharply higher than a year ago. Continue reading U.S. Inflation Remains Near 40-Year Highs as April CPI Tops Expectations
Inflation again ran at its quickest annual pace in over 40 years, boosted to a new high by price increases in March for a broad range of goods and services, according to government data released Tuesday, April 12.
The annual leap was driven greatly by the soaring costs for food and gasoline, as well as a 30-year high in housing. Continue reading U.S. Inflation Highest Since 1981 as CPI Hits 8.5% in March
Inflation continues to be an ongoing burden for Americans as they again had to pay a lot more last month for gasoline, food, housing and other common goods and services, according to a government report released Thursday, March 10.
Inflation over the longer haul is getting uglier as well. Prices for food and gas have soared from a year ago, contributing to an annual inflation rate that is now the biggest in just over 40 years. Continue reading U.S. Inflation at 7.9% Highest Since 1982 as Prices Surge for Gas, Food and Shelter
U.S. inflation tapped in hotter than economists expected for January as Americans paid more for a broad range of goods and services, according to a government report released Thursday, Feb. 10.
Higher consumer prices last month pushed up the annual inflation rate to the highest level in four decades. Increases in food and shelter prices stood out, as did prices for energy. Continue reading U.S. Inflation Rate at 7.5% Hits 40-Year High
The U.S. cost of living increased solidly in December, boosting the inflation rate for 2021 to the highest level in nearly four decades, according to a government report released Wednesday, Jan. 12.
Last month gasoline prices decreased for the first time in over a half year, but prices climbed yet again for shelter, food, vehicles, health care and clothing. Across the longer haul, Americans in 2021 paid a lot more for virtually everything they bought. Continue reading U.S. Inflation Rises 7% in 2021, Marking Highest Rate Since 1982
Inflation in the United States increased further in November as American consumers paid more, again, for a broad range of goods and services, driving the annual inflation rate to its highest point in more than 39 years, according to government data released Friday, Dec. 10.
Inflation pressures have been aggravated not only by surging prices for food and energy, but also by increased costs for shelter, vehicles, clothing, and medical care. Continue reading U.S. Rate of Inflation Soars to 39-Year High as Consumer Prices Jump in November
Inflation over the past 12 months raced the quickest since 1990, according to government data released Wednesday, Nov 10, as U.S. consumers spent more in October for a broad range of products.
Most noticeable, energy prices logged sharp gains for the month and from a year ago. American also paid more for shelter and vehicles — both new and used. Food prices increased the same in October as in September but they surged stronger from a year earlier. Continue reading U.S. Rate of Inflation Highest Since 1990
The pace of inflation accelerated in September as Americans paid more for food, rent, new vehicles and other items, government data released Wednesday, Oct. 13, shows.
Energy price increases tapered a tad over the month and from a year ago compared to the levels reported in August, but prices overall for food jumped by all measures. Continue reading U.S. Inflation Resumes Quicker Pace in September
Inflation in the United States eased a bit with gains in consumer prices slowing some in August, according to government data released Tuesday, Sept. 14.
Although underlying inflation pressures softened somewhat last month, Americans continued to pay significantly more for food and energy as compared to a year earlier. Continue reading Annual U.S. Inflation Cools Slightly; Consumer Price Gains Ease in August