Key US inflation gauge slows in December while spending falls
The Raw Story· 2 hours agoA key indicator of US inflation eased in December as spending dipped, according to government data...
US consumers may have to live with high prices for longer — and a falling dollar could be to blame
Business Insider via Yahoo Finance· 3 hours agoMore important is the effect of a declining dollar on global economic activity, according...Insider....
Inflation has cooled, but investors risk being caught off guard by a 'head fake' that could kill the...
Business Insider via Yahoo Finance· 2 hours agoFor now, the equity market looks priced for an economic soft-landing outcome, said Draho. UBS GWM...
What recession? Inflation, GDP offer hope for ‘soft landing’
The Hill· 4 hours agoThe personal consumption expenditures price index (PCE) cooled to 5 percent annually last month from...
Recession watch: U.S. economy is on shaky ground
MarketWatch· 31 minutes agoIt had peaked at a 40-year high of 7% last summer, well above the central bank’s 2% goal. Slowing inflation and a strong labor market, in turn, have...
US inflation and consumer spending cooled in December
14 WFIE Evansville· 1 day agoThe Federal Reserve’s preferred inflation gauge eased further in December, and consumer spending...
Raymond James & Associates Has $1.10 Million Holdings in Fidelity MSCI Consumer Discretionary Index...
ETF DAILY NEWS· 5 hours agoRaymond James & Associates cut its holdings in shares of Fidelity MSCI Consumer Discretionary Index ETF (NYSEARCA:FDIS – Get Rating) by 17.4% during the ...
Daily Spotlight: Fed's Favorite Inflation Indicator Out Today
Argus Research via Yahoo Finance· 1 day agoThe Federal Reserve's favorite inflation indicator, the PCE Price Index, will be released today. The index differs from the better-known ...
Broadband customers warned to watch out for significant price rises this spring
TechRadar· 23 hours agoThe situation was also addressed this week by Martin Lewis (opens in new tab) from popular consumer...
5 Wildly Expensive Grocery Staples and What You Can Replace Them With
GOBankingRates via Yahoo Finance· 1 day agoWhether due to soaring inflation, supply chain issues or potentially deadly viruses, food prices are...
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03:12Inflation: Where consumer prices are falling the most
Yahoo Finance· 1 week ago
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U.S. inflation slightly slowing down, November Consumer Price Index report shows
Yahoo News· 2 months ago
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- Consumer Price Index (CPI)
The Consumer Price Index (CPI) measures the monthly change in prices paid by U.S. consumers. The U.S. Bureau of Labor Statistics (BLS) calculates the CPI as a weighted average of prices for a basket of goods and services representative of aggregate U.S. consumer spending. investopedia.com
- BLS has classified all expenditure items into more than 200 categories, arranged into eight major groups (food and beverages, housing, apparel, transportation, medical care, recreation, education and communication, and other goods and services).
- The broadest and most comprehensive CPI is called the All Items Consumer Price Index for All Urban Consumers (CPI-U) for the U.S. City Average, 1982-84=100. The CPI-U represents the 93% of the U.S. population not living in remote rural areas. CPI-U is the basis of the widely reported CPI numbers that matter to financial markets.
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- As the most widely used measure of inflation, the CPI is an indicator of the effectiveness of government fiscal and monetary policy.
- The CPI and its components are used to adjust other economic series for price change and to translate these series into inflation-free dollars.
- Over 2 million workers are covered by collective bargaining agreements which tie wages to the CPI.
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Source: investopedia.com, wikipedia.org, bls.gov
