Inflation remained elevated in October, CPI report shows
Inflation rose at a monthly pace of 0.4%, hotter than economists had forecast and raising expectations that the Federal Reserve will increase interest rates in December.
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Inflation rose at a monthly pace of 0.4%, hotter than economists had forecast and raising expectations that the Federal Reserve will increase interest rates in December.
McDonald's CEO Christopher Kempczinski said the company is testing new value pairings at select U.S. locations.
Fed officials will unveil their latest interest rate move this week, following the September rate hike, the first in three years.
Sen. Elizabeth Warren is urging the U.S. Department of Agriculture to reverse cuts to the food-stamp program as consumers shoulder $22 billion in additional food costs.
Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
Just weeks before the midterm elections, 90% of Americans say prices in the U.S. are the main factor shaping their view of the economy. These charts show why.
Credit card and auto loan delinquencies are near historic highs as rising prices leave more people struggling to keep up with payments.
Investors are increasingly nervous about rising inflation, which could require the Federal Reserve to hike interest rates.
The Fed's first rate hike in more than three years underscores the challenge of taming inflation as the Iran war drags on.
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
Economic activity weakened between April and June as energy costs surged, new government data shows.
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
Gas prices, airfares, accommodations and other vacation essentials are more expensive this year compared to last year.
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
