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The Federal Reserve’s preferred inflation gauge ticked higher last month in a sign that President Donald Trump’s broad-based tariffs are starting to lift prices for many goods.
CPI inflation report By the numbers: Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday.
More jobs, growing GDP and continued uncertainty about tariffs. Here's how that could impact the Fed's interest rate decision ...
Prices were 0.1% higher compared to April. Core inflation — which doesn’t include volatile food and energy prices — rose 2.8% annually and 0.1% monthly.
UK inflation surged in April, driven by higher utility bills and holiday travel, with CPI rising 1.2% MoM and 3.5% YoY, exceeding expectations. Core inflation also accelerated, highlighting ...
On a "core" basis, which excludes volatile food and energy costs, CPI rose 2.8% over the past year in May, matching April. Monthly core prices increased 0.1%, a touch below April's 0.2% gain.
A Reuters poll showed the median forecast among economists had been for consumer price inflation to rise to 3.3%. "There's a lot of frustration.
Core CPI also rose 0.1%, matching the April increase. Economists forecast the CPI to rise 0.2% on a monthly basis in May, taking the annual inflation rate to 2.5%, according to FactSet’s ...