The Consumer Price Index - a popular measure of US inflation - rose 0.3% last month, slower than July's 0.5% jump. It was well short of forecasts.
Used car prices rose just 0.2% in July, sharply slowing from the double-digit gains of April and June. It's exactly what economists were looking for.
The Consumer Price Index - a popular measure of US inflation - posted a hefty gain of 0.5% last month, well below June's 0.9% rise in prices.
"Bitcoin isn't behaving like an inflation hedge anymore and will continue to remain heavy over expectations over higher yields," an analyst said.
By one measure, May's rise in inflation was the most since the great recession. But there are several signs that prices will cool down soon.
Consumer prices rose by 5% year-over-year and by 0.6% month-over-month. The annual increase was the most since 2008, albeit skewed by May 2020 data.
UBS sees the used-car prices jump leading an "enormous surge over just the past few months" for the consumer price index, a popular inflation gauge.
Fed Chair Jerome Powell has said that, although reopening is expected to drive a sharp jump in inflation, the surge will likely be "transitory."
US consumer prices fell 0.1% in May, the Labour Department reported Wednesday, following April’s record 0.8% slump. It’s the first time the consumer-price index has ever declined for three months in a row, the Labour Department said. One spot where prices rose was the cost of groceries, as consumers are […]
US core consumer price index, which excludes food and fuel costs, fell 0.4% in April, the largest monthly drop since 1957, according to a Tuesday report from the Labour Department. Overall US CPI fell 0.8% in April, the largest monthly drop since December 2008. Going forward, the indicator will be […]
Inflation in the eurozone is finally starting...