Inflation Still Too Hot: Consumer Prices Rise Faster Than Expected
Economists had forecast a rise of 3.6 percent, down from 3.7 percent in August.

Economists had forecast a rise of 3.6 percent, down from 3.7 percent in August.
Inflation is proving sticky despite record Fed hikes.
On Wednesday’s broadcast of NBC’s “MTP Now,” host Chuck Todd and NBC News Business and Data Reporter Brian Cheung discussed the latest inflation report and noted that prices aren’t falling, they’re just “going up by a slower rate,” and are
Inflation fell by more than expected in June.
On Wednesday’s broadcast of MSNBC’s “Katy Tur Reports,” White House Council of Economic Advisers Chair Jared Bernstein stated that we have seen a trend of “CPI growing more slowly” and the growth in the Consumer Price Index (CPI) is less
During an interview on Bloomberg on Tuesday, White House National Economic Council Deputy Director Bharat Ramamurti reacted to the May CPI showing prices increasing 0.1% in the month of May with core inflation rising by 0.4% in the month —
On Tuesday, ABC News Business Reporter Alexis Christoforous said that the May CPI report shows that prices are “still on the rise,” and that the “uncomfortably high” core inflation measure shows “that inflation is becoming sticky in certain areas of
Federal Reserve Chairman Jerome Powell will get his pause.
The consumer price index, a key barometer of what consumers pay for goods and services, rose four percent last month from a year earlier, the Labor Department said Tuesday. Compared with March, the consumer price index (CPI) rose 0.1 percent. Core
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” White House National Economic Council Deputy Director Bharat Ramamurti stated that the April CPI report that showed core and overall inflation increasing and the monthly rate of overall inflation increasing from
Nearly six in ten Americans say that high inflation has had a substantial impact on their lives, while a plurality believes it will become worse six months from now, according to a poll.
The April inflation report will keep the Federal Reserve on track to pause rate hikes at its meeting next month.
Inflation has eased from its worst levels last summer but progress has been slower than expected and prices are still rising too fast.
On Wednesday’s broadcast of CNBC’s “Squawk on the Street,” White House National Economic Council Deputy Director Bharat Ramamurti stated that the March CPI report is “very, very positive” and that we’re moving in the right direction on inflation. Ramamurti said, “I
On Wednesday’s broadcast of MSNBC’s “Morning Joe,” Steve Rattner, who served as counselor to the Treasury Secretary in the Obama administration, stated that the core services inflation metric that the Federal Reserve “really looks at” is “rising and that is not
Headline inflation slowed on a month to month basis but core price increases picked up the pace.
Following a week of data showing unexpectedly resurgent inflation, fed funds futures contracts now indicate the Federal Reserve will hike its target rate up by half a percentage point in the coming months.
As the U.S. inflation accelerates in January, despite the efforts to bring down the prices hikes with higher interest rates from the Federal Reserve, new data shows egg prices have increased 70 percent.
With the U.S. inflation accelerating in January, despite the efforts to bring down the prices hikes with higher interest rates from the Federal Reserve, many consumer categories are still being hit hard.
The consumer price index rose by half a percentage point in January.
Weaker-than-expected holiday sales led to deeper discounts from retailers, wholesalers, services businesses, and producers.
Congress must get the country’s “fiscal House in order” as price increases on food continue to rock U.S. consumers, Sen. Rick Scott (R-FL) said on Thursday.
While overall inflation is cooling, prices in the services sector are up the most since 1982.
Food prices, however, are still rising at a rapid rate.
On Friday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart Economics Editor John Carney called for investigations by Congress and the SEC into suspicious trading around the release of Consumer Price Index (CPI) numbers and how people could have possibly gotten
Economists had expected prices to be up 7.9% compared with a year ago.
Economists had expected the index to be up 0.2 percent on a monthly basis and 8.1 percent compared with a year ago.
On Tuesday’s broadcast of Bloomberg’s “Balance of Power,” Senior Adviser to President Joe Biden Gene Sperling said that the August inflation report is “not the report that I think anybody wanted to see,” and failed to meet the expectations of
Median and trimmed mean CPI came in much hotter in August.
In reality, inflation unexpectedly accelerated in August to show prices rising once again.
Economists had thought inflation would be reversing in August.
Also: here’s why food inflation matters more than headline or core prices.
Measures of underlying inflation got worse, not better, in July.
Wage gains still lag inflation but real wages did actually rise for the first time this year in July.
Nearly everywhere you look in the grocery store, food prices are still soaring.
Economists had expected inflation to fall to 8.8 percent year-over-year and for core inflation to climb to 6.1 percent.
A jobs report that would be wonderful in a low-inflation, high-growth environment is terrible in a high-inflation, low-growth economy.
Trump-endorsed Ohio U.S. Senate candidate J.D. Vance (R) slammed Biden’s 2020 surrogate and Ohio U.S. Senate candidate Rep. Tim Ryan (D-OH) for helping the president “decimate” the economy instead of rebuilding it.
Will Biden try to blame inflation in pots, pans, bedding, kitchen furniture, appliances, toilet paper, house plants, dishes, and even garbage collection on greed and Putin?
Bidenflation has prices rising at the fastest pace in decades.