Economists looked past the first acceleration in overall inflation in more than a year and saw signs that price pressures continued to moderate in July.
Category: consumer price index
Inflation Drops to 3% in June
The Consumer Price Index climbed far more slowly in June, a relief for shoppers and a hopeful — though inconclusive — sign that America might pull off a “soft landing.”
Inflation Is Slowing, Good News for American Consumers and the Fed
Consumer Price Index inflation moderated to 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
Inflation slowed last month thanks to cheaper fuel and airfares.
The Consumer Price Index slowed, climbing 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
Federal Reserve Expected to Slow Rate Increases and Offer Hints at Future
Central bankers are still fighting inflation, but are poised to slow to a rate increase of half a percentage point at their final meeting of 2022.
Price Increases Cooled Notably in November as Inflation Began to Ease
Consumer Price Index data reinforces that inflation is beginning to cool down just ahead of the Federal Reserve’s December rate decision.