Consumer prices declined for the first time in more than 2-1/2 years in December, while annual inflation dropped below 7% for the first time in over a year and for a sixth straight easing, according to a U.S. government report released Thursday, Jan. 12.
Lower energy prices for the month offset continually higher food and shelter costs, although the price of energy remained stubbornly high compared to a year ago. Continue reading U.S. Inflation Pace Slows for Sixth Straight Month in December
The annual rate of inflation slowed for a second straight month as consumer prices rose less than expected a U.S. government report for November showed.
Food and energy costs continued to burden American consumers, but prices for many other goods and services gave ground and, in some cases, declined. Continue reading U.S. Inflation Eases Again with November CPI at 7.1%
The overall pace of inflation stayed steady in October but prices for some key items slowed while others actually declined, according to a U.S. government report released Thursday, Nov. 10.
In the longer haul, annual inflation increased below 8% for the first time since February and it was the lowest since January, although prices remained elevated for items like food, shelter, and energy. Continue reading U.S. Inflation Eases Some as CPI Hits 7.7% in October
American consumers paid more than expected for goods and services in September. And again, underlying inflation ran the quickest in 40 years, according to U.S. government report released Thursday, Oct. 13.
Compared to a month earlier, gasoline prices dipped but the cost of food remained stubbornly high. Pricing hikes for both slowed some from the year-over-year levels reported in August. Shelter costs, however, soared for the month and from a year ago. Continue reading Annual U.S. Inflation Rises 8.2% in September; Core Rate Marks 40-Year High
Rates on U.S. Treasury Series I bonds will decline soon, the latest inflation data shows.
Inflation continues to run hot but in recent months it has plodded along at a steadier pace compared to the hurdling month-over-month advances made toward the end of last year and the start of this year.
As such, the interest rate for I bonds is poised for a fall in November to 6.47% from the current record rate of 9.62%. Continue reading I Bond Rate Likely 6.47% Beginning Nov. 1
The yearly rate of inflation in the United States slowed some but remained hot with higher costs in August for items like groceries, shelter, clothing and medial care offsetting a double-digit drop in gasoline prices, according to U.S. government data released Tuesday, Sept. 13.
Although the annual rate of energy gains slowed sharply from the peak in June (23.8% now vs. 41.6% then), the pace of food price increases was the still quickest in over four decades. Continue reading U.S. Inflation Rises 8.3% Over Last Year in August; Core Rate Firms
Annual inflation in the United States slowed slightly as falling gas and energy prices in July provided Americans some relief. Still, higher food and shelter costs kept consumer prices near a four decades high, according to U.S. government data released Wednesday, Aug. 10.
While gasoline prices dropped nearly 8% last month, they are stubbornly high compared to a year ago, as are pricing hikes for food which ran the quickest since 1979. Continue reading Inflation Slows to 8.5% as Gas Prices Fall in July
More widespread increases in what American consumers paid in June for goods and services drove annual inflation to a new 40-year peak — actually, nearer to a 41-year high, according to U.S. government data released Wednesday, July 13.
Energy, food and shelter prices accelerated again in June and from a year ago, as did costs for items like vehicles, clothing, and healthcare. Airline fares were one of the few items to post a decline — at least for the month. Continue reading U.S. Inflation Near 41-Year High as CPI Hits 9.1% in June
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