Tag Archives: 40year

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation. The core consumer price index, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982, Labor Department… Source link

U.S. consumer prices in June accelerated at the fastest annual pace since November 1981. The Bureau of Labor Statistics’ Consumer Price Index (CPI) reflected a year-over-year increase of 9.1% last month, up from the prior 40-year high of 8.6% in May. Economists were expecting June’s reading to show an 8.8% increase, according to estimates compiled by Bloomberg. On a monthly basis, the broadest measure of inflation rose at a pace of 1.3%, inching up from 1% in May and climbing at a faster tempo… Source link

(Bloomberg) — US inflation accelerated to a fresh 40-year high in May, a sign that price pressures are becoming entrenched in the economy. That will likely push the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. Most Read from Bloomberg The consumer price index increased 8.6% from a year earlier in a broad-based advance, Labor Department data showed Friday. The widely followed inflation gauge rose 1% from… Source link

U.S. consumer prices accelerated in May to the highest since 1981, as Americans grapple with a surge in the cost of gas, food, and shelter, data showed Friday. The Bureau of Labor Statistics’ May Consumer Price Index (CPI) showed a year-over-year increase of 8.6% last month, up from 8.3% in April. Economists were expecting an 8.3% increase in May, according to estimates compiled by Bloomberg. On a monthly basis, the broadest measure of inflation climbed 1.0%, compared to 0.3% in April. “Core”… Source link

3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income Inflation is on a white-hot tear. U.S. consumer prices surged 8.3% in April from a year ago, down slightly from 8.5% in March, but still near 40-year highs. Whether central bankers believe inflation is short-lived, prices are on the rise right now. To preserve purchasing power, investors usually turn to assets like gold and silver during inflationary times…. Source link

U.S. consumer prices rose at a slightly slower pace in April compared to March, though persistent supply-side disruptions still kept inflation near its highest level in 40 years. And core consumer prices rose more than anticipated even while decelerating compared to March, suggesting underlying inflationary trends across the economy remained hot. The Bureau of Labor Statistics’ April Consumer Price Index (CPI) rose 8.3% in April over last year, coming down from March’s 8.5% advance. That rise… Source link

The next Social Security raise may hit a 40-year record. But will it be enough? Consumer prices soared in June and July at an annual rate of 5.4, the highest since 2008. Steeper prices for gas, food, cars and countless other things are squeezing Americans, especially older ones with fixed, often modest incomes. But there’s a bright side: The spike in inflation could provide seniors next year with their biggest Social Security boost in almost four decades. In fact, advocates just raised their… Source link