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It is used to measure inflation and indicates the cost of living for consumers. CPI is calculated by selecting a basket of goods and services that represent typical consumer purchases and tracking ...

Last month's CPI was forecast to come in at 2.8%, according to economists surveyed by financial data firm FactSet. The Consumer Price Index, a basket of goods and services typically bought by ...

The CPI news indicated that the Federal Reserve may be more likely to lower interest rates in the future, assuaging some investors fears of an extended pause or even higher rates. Lower rates and ...

The incoming president is set to inherit three months of rising inflation. Rebecca Noble/GETTY The CPI is the most closely watched measure of inflation, which has remained higher than the Federal ...

December US CPI rose 0.4% MoM and 2.9% YoY, with core CPI showing a cooler 0.2% MoM and 3.2% YoY, signaling easing price pressures. Energy prices surged, driving the fastest monthly CPI increase ...

Federal Reserve Bank of Richmond President Tom Barkin said fresh data show continued progress on lowering inflation toward the central bank’s 2% goal, but that interest rates should remain ...

The December Consumer Price Index report showed an acceleration in year-on-year total CPI inflation to 2.9%, the highest rate since July 2024. Meanwhile, core CPI remained sticky and elevated but ...

US Core CPI Finally Eases, Rallying Bets for Fed to Cut Sooner CPI minus food, energy rose 0.2%, less than median forecast Hotel stays, tame rent increases help restrain price pressures ...

Rising transportation costs are still a big source of inflation. Americans have gotten socked in the past three years by higher prices for transportation - and there's not much relief in sight.

Markets cheered a December inflation report that suggested underlying price pressures are easing, but the Federal Reserve still isn’t likely to cut interest rates anytime soon given President ...

Diccon Hyatt is an experienced financial and economics reporter who has covered the pandemic-era economy in hundreds of stories over the past two years. He's written hundreds of stories breaking ...