The Consumer Price Index — a popular measure of US inflation — soared 6.8% year-over-year in November, the biggest jump since 1982.
The Personal Consumption Expenditures price index rose 0.3% in September, matching economists' average forecast. High inflation is sticking.
The Personal Consumption Expenditures price index gained 0.4% in August, matching the median forecast and the inflation seen in July.
Policymakers have worried about price increases all summer, not least the West Virginia senator who controls Biden's agenda. But inflation is slowing.
The Personal Consumption Expenditures price index climbed 0.4% in July, matching the median forecast. It was a slowdown from June's pace.
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.
The Personal Consumption Expenditures price index gained 0.5% in June. Economists surveyed by Bloomberg anticipated a 0.4% increase.
"Bitcoin isn't behaving like an inflation hedge anymore and will continue to remain heavy over expectations over higher yields," an analyst said.
The Personal Consumption Expenditures price index rose 0.4% last month, the Commerce Department said. The median estimate was for a 0.5% jump.
The World Bank sees the US recovery outpacing its peers' through 2023. Stronger inflation is a byproduct of that huge economic boom, JPMorgan 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.
The Personal Consumption Expenditures index - among the country's most popular inflation measures - rose 0.6% in April as reopening lifted demand.
Consumer prices rose 4.2% year-over-year, but the negative price growth seen in April 2020 made for a lower benchmark to compare against.
The PCE price index - a popular gauge of inflation - rose to 3.5% from 1.7% in the first quarter. Fed Chair Powell still insists this is "transitory."
Bank of England holds interest rates at 0...
LONDON -- UK inflation jumped again in April...