Inflation Cooling While Consumer Prices Remain High
- 10 months ago
Inflation Cooling , While Consumer Prices , Remain High.
In May, consumer price growth fell to
the lowest level since March of 2021,
according to Bureau of Labor Statistics. .
NBC reports that data would seem
to suggest that inflation may finally be
starting to come down in a meaningful way.
NBC reports that data would seem
to suggest that inflation may finally be
starting to come down in a meaningful way.
Price growth fell to 4% on an annual
basis, while month-over-month
saw price growth climb by 0.1%.
Economists had forecast just 4.1% growth. .
The price of services saw a notable decline
in growth, as did medical services and air travel.
The price of services saw a notable decline
in growth, as did medical services and air travel.
The price of services saw a notable decline
in growth, as did medical services and air travel.
According to NBC, this is a key category
watched closely by the Federal Reserve.
Year over year, the "core" services category
dropped from 5.1% to 4.6%,
excluding the cost of housing. .
Year over year, the "core" services category
dropped from 5.1% to 4.6%,
excluding the cost of housing. .
However, food price growth continues
to accelerate faster than other categories,
rising by 6.7% year over year.
However, food price growth continues
to accelerate faster than other categories,
rising by 6.7% year over year.
The cost of at-home food
increased by 5.8%, while eating out
got 8.3% more expensive.
The cost of at-home food
increased by 5.8%, while eating out
got 8.3% more expensive.
On June 14, the Federal Reserve is due to announce
its latest interest rate policy following
ten consecutive rate hikes since March of 2022. .
On June 14, the Federal Reserve is due to announce
its latest interest rate policy following
ten consecutive rate hikes since March of 2022.
In May, consumer price growth fell to
the lowest level since March of 2021,
according to Bureau of Labor Statistics. .
NBC reports that data would seem
to suggest that inflation may finally be
starting to come down in a meaningful way.
NBC reports that data would seem
to suggest that inflation may finally be
starting to come down in a meaningful way.
Price growth fell to 4% on an annual
basis, while month-over-month
saw price growth climb by 0.1%.
Economists had forecast just 4.1% growth. .
The price of services saw a notable decline
in growth, as did medical services and air travel.
The price of services saw a notable decline
in growth, as did medical services and air travel.
The price of services saw a notable decline
in growth, as did medical services and air travel.
According to NBC, this is a key category
watched closely by the Federal Reserve.
Year over year, the "core" services category
dropped from 5.1% to 4.6%,
excluding the cost of housing. .
Year over year, the "core" services category
dropped from 5.1% to 4.6%,
excluding the cost of housing. .
However, food price growth continues
to accelerate faster than other categories,
rising by 6.7% year over year.
However, food price growth continues
to accelerate faster than other categories,
rising by 6.7% year over year.
The cost of at-home food
increased by 5.8%, while eating out
got 8.3% more expensive.
The cost of at-home food
increased by 5.8%, while eating out
got 8.3% more expensive.
On June 14, the Federal Reserve is due to announce
its latest interest rate policy following
ten consecutive rate hikes since March of 2022. .
On June 14, the Federal Reserve is due to announce
its latest interest rate policy following
ten consecutive rate hikes since March of 2022.