Inflation Cools To 2.7% In Nov., Lower Than Expected
Digest more
Thursday's release of November's CPI data showed inflation had unexpectedly eased to an annual rise of 2.7% that month, but economists expressed caution as the government shutdown impacted results.
Y/Y vs. 3.1% consensus and +3.0% in September, according to data released by the Bureau of Labor Statistics on Thursday.
New Consumer Price Index data shows a slight change in inflation, but prices remain high for Americans in different sectors. CBS News' Kelly O'Grady and Olivia Rinaldi report.
Federal Reserve Bank of Chicago President Austan Goolsbee said on Thursday “there’s a lot to like” in the latest consumer price index data, and if it can be sustained, it will help open the door for more interest rate cuts next year.
Hosted on MSN
CPI Inflation Dips, But These Prices Jumped On Trump Tariffs; S&P 500 Rises (Live Coverage)
Today's consumer price index data for April came in below estimates, even as Trump tariffs ramped up. The inflation pictures is a bit less crucial for markets than it would have been if not for the U.S.-China trade deal announced on Monday. With recession ...
The Consumer Price Index increased by 2.4% in May compared to a year ago, according to the Bureau of Labor Statistics' latest data. The latest report shows ground beef continues to steadily increase. Last May, the average price of ground beef per pound was ...
Investors will be looking closely at consumer-price index data due Tuesday and producer-price index data due Thursday. The gap between the two measurements could offer a real-time look at the profit-margin pressures businesses face, according to Mark ...
Discover how the CPI-W measures inflation affecting urban wage earners and clerical workers, impacting cost-of-living adjustments and economic decisions.