Inflation across the U.S. accelerated in May as the shock to global energy supplies from the Iran war continued to push prices higher. The Consumer Price Index rose at an annual rate of 4.2% last month, up from 3.8% in April and the highest level in three years. By the numbers Economists polled by financial data firm … Read more
Inflation accelerated in April to an annual rate of 3.8%, the highest since 2023, as the Iran war pushed up energy costs and raised prices across the economy. By the numbers Economists predicted inflation would jump to 3.7% on an annual basis, up from the 3.3% reading in March, according to a FactSet poll. The CPI, a basket … Read more
A global energy shock triggered by the Iran war sent U.S. inflation soaring in March, with the Consumer Price Index rising at a 3.3% annual rate. By the numbers Economists had predicted inflation would jump nearly an entire percentage point from 2.4% in February to 3.3% in March on an annual basis, according to the average … Read more
Inflation in line with expectations as CPI climbs 0.3% in February – CBS News Watch CBS News The new Consumer Price Index released Wednesday shows inflation ticked up in February, but was in line with what experts expected. CBS News MoneyWatch correspondent Kelly O’Grady has more. Source link
The Consumer Price Index rose at an annual rate of 2.4% in February, unchanged from the prior month and representing a cooler pace than economists had forecast. The Labor Department data captures the period before the Iran war broke out in late February. Since then, oil prices have surged, driving inflation concerns among investors. “Inflation was starting to ease in … Read more