As the Federal Open Market Committee (FOMC) convenes for its two-day meeting starting today, all eyes are on the Federal Reserve’s potential decision to lower interest rates for the first time in 2025. The announcement, […]
Worst food inflation since 2022. Worst housing inflation in months. But plunging prices for lodging, rental cars, and airfares are interesting. By Wolf Richter for WOLF STREET. In the Consumer Price Index today, month-to-month inflation accelerated further for […]
Natural gas and electricity pushed up energy costs in February, despite drop in gasoline prices. Used vehicle prices continued to surge. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.22% (+2.62% annualized) in […]
By Wolf Richter for WOLF STREET. Inflation dished out another bad surprise with a big increase in January from December, which wasn’t a surprise because inflation, once it gets going, is known to do that. This time, the […]
The new-vehicle shortages of 2021-2022 now mean lower supply to the used-vehicle market, amid solid demand. By Wolf Richter for WOLF STREET. Used-vehicle prices, which had spiked over the two-year span 2020-2021 by 65% on the wholesale side […]
On re-spiking motor vehicle prices, jumping food & gasoline prices. But housing inflation backs off. By Wolf Richter for WOLF STREET. The overall Consumer Price Index rose by 0.31% (+3.8% annualized) in November from October, the sharpest increase […]
Surging homeowner insurance and other homeowner costs fuel OER CPI, which is now hotter than rent CPI. By Wolf Richter for WOLF STREET. On a month-to-month basis, the “core” Consumer Price Index – which excludes the volatile food […]
Second month-to-month acceleration in a row. Year-over-year, Core CPI and Core Services CPI show first acceleration since March. By Wolf Richter for WOLF STREET. On a month-to-month basis in a most unwelcome development, “core services” re-accelerated for the […]
By Wolf Richter for WOLF STREET. Prices of used cars, SUVs, pickup trucks, and vans that were sold at auctions across the US jumped by 1.2% in August from July, seasonally adjusted, the second jump in a row […]
By Wolf Richter for WOLF STREET. On a month-to-month basis, the Consumer Price Index (CPI) and Core CPI accelerated in July. Inflation in core services, which accounts for 65% of total CPI, bounced back from the outlier and […]
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