What is the Current U.S. Inflation Rate?
Oct 10, 2024 · Current Annual inflation for the 12 months ending September 2024 is 2.44%. Inflation is down from the June 2022 peak of 9.06%, but even moderate inflation can rapidly erode purchasing power and creates uncertainty as businesses have …
Inflation, explained: Why prices keep going up and who’s to blame - CNN
Nov 13, 2021 · Inflation is when the average price of virtually everything consumers buy goes up. Food, houses, cars, clothes, toys, etc. To afford those necessities, wages have to rise too.
Inflation: What It Is and How to Control Inflation Rates - Investopedia
Nov 7, 2024 · Inflation is a gradual loss of purchasing power that is reflected in a broad rise in prices for goods and services over time. The inflation rate is calculated as the average price increase of a...
EXPLAINER: Why US inflation is so high, and when it may ease
Jul 13, 2022 · What caused the spike in inflation? How long will it last? How are higher prices impacting consumers? Here's what you need to know.
Inflation Update: The Latest Figures, Why It Happened, What To ... - Forbes
Mar 15, 2024 · The BLS released its most recent data on U.S. inflation. Motor vehicle insurance surged 20.60% in the past 12 months. Get the facts inside.
A “Grumpy Economist” Weighs in on Inflation’s Causes — And Its …
Aug 20, 2024 · As Americans know all too well, inflation surged dramatically in 2022 and 2023 following the worst of the COVID pandemic. The Federal Reserve responded with a rapid series of rate hikes that drove up the cost of mortgages and …
What to know about inflation today and what it means for the economy - NPR
Aug 10, 2023 · Consumer prices rose 3.2% in July from a year ago, higher than the 3% gain seen in June — but it was largely due to math. Overall, inflation continues to ease, raising optimism about the economy.
A Dollar’s Worth: Inflation Is Real - Federal Reserve Bank of St. Louis
Dec 1, 2021 · Yes, everyone knows that inflation means “prices go up,” but there's a lot to learn about inflation and the real effects on consumers. So, what's a dollar worth? To answer this, the Tooth Fairy gives us a clue: Inflation is real and the value of a dollar changes with time.
CPI Home : U.S. Bureau of Labor Statistics
The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available. Notices.
What is inflation: The causes and impact | McKinsey
Apr 19, 2024 · In this McKinsey Explainer, we answer the question what is inflation and examine the root causes, key metrics, and the overall impact on our society.