It also takes a long time — a year, two or even three — for higher labor costs in health care to translate to CPI readings due to a long contracting process, Zandi said. Higher pandemic-era ...

Forecasts for the February Consumer Price Index report believe inflation moderated somewhat during the month but that price pressures remain higher than Federal Reserve officials would like.

The consumer price index rose 3.4% in April from a year earlier ... economists said. However, that process hasn't happened as quickly as expected. "It's one of the reasons we've seen slow progress ...