The PCE index rose by just 0.1% for the month, bringing the year-over-year inflation rate to 2.2%, down from 2.5% in July. This marks the lowest inflation level since early 2021 and brings the U.S. closer to the Fed’s 2% target.
Tag Archives: Inflation
August CPI Report: Inflation Continues to Cool, Fed Likely to Cut Interest Rates
Over the past year, the all-items index rose by 2.5%, the lowest 12-month increase since February 2021.
Inflation Eases Further in June, CPI Report Indicates
The June Consumer Price Index (CPI) fell 0.1% month-over-month, the Bureau of Labor Statistics reported Thursday, marking the first monthly decline since May 2020.
Inflation Continues to Improve, Beats Expectations
According to the May Consumer Price Index from the U.S. Department of Labor’s Bureau of Labor Statistics, consumer prices held flat during May, proving lighter than analysts’ forecasts of a 0.1% increase for the month.
High interest rates aren’t going away anytime soon – a business economist explains why
The Federal Reserve held interest rates steady at its May 1, 2024, policy meeting, dashing the hopes of potential homebuyers and others who were hoping for a cut.
PA Gas Prices Increase, but Remain Cheaper than One Year Ago
Here in Pennsylvania the price of gas per gallon increased slightly to $3.702, a 5 cent per gallon increase compared to one month ago, and a 93 cent per gallon decrease from one year ago.
Inflation Continues to Cool Nationwide
Inflation in the United States continued its downward trend, as consumer prices rose three percent this year through June.
Pennsylvania Gas Prices Decline, But Remain Higher than National
As of June 15, the average price of gas per gallon in the United States is $3.589, a 5 cent increase from one month ago.
National Gas Prices See Slight Rise But Remain Cheaper Than A Year Ago
Over the past week, due to rising demand for gas and increased oil costs, gas prices across the country have taken a slight rise.
Rural Americans Aren’t Included in Inflation Figures – and For Them, the Cost of Living May be Rising Faster
When the Federal Reserve convenes at the end of January 2023 to set interest rates, it will be guided by one key bit of data: the U.S. inflation rate. The problem is, that stat ignores a sizable chunk of the country – rural America.