Prom can be very expensive, but prices for clothes, photographers and other traditional gear haven’t climbed as much as everything else.
The numbers seem to be going in the ‘right’ direction for the Fed to pull off a soft landing – and avoid a recession – but the picture remains murky.
Australia’s inflation data for the March quarter suggests the central bank will impose one or two further increases to meet its policy objectives.
Big interest rate hikes could cause more market turmoil, while doing too little could have the same effect.
The latest consumer prices report shows cost of living is still rising far above the Fed’s target. But don’t expect monetary policymakers to aggressively hike rates.
The Fed has been trying to tame employment and wages to keep inflation in check. It ain’t working.
The Fed lifted its benchmark interest rate just 0.25 percentage point following a series of much more aggressive rate hikes in 2022.
The rising cost of living doesn’t hit all Americans equally. Yet the benchmark figure for charting the rising cost of living excludes people in rural areas.
A drop in gas prices helped tame inflation in December 2022. But grocery prices and housing costs continued to rise.
For homebuyers, there’s no interest rate relief in sight just yet. Here’s why.
Despite the highest inflation rates in 40 years, Apple chose not to raise prices on its gadgets. More bizarre, the consumer price index suggests smartphones are 20% cheaper than a year ago.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
The Bank of Canada’s expansionary monetary policy in 2021 is an important source of the high inflation we are experiencing today.
An economist provides insight into how inflation is measured, where it comes from and how it is impacting Canadians and the economy at large.
Monthly figures mightn’t be more accurate, and they will often be misleading.
Asked how high an inflation rate Australia should prepare to tolerate, three of the 48 economists nominated 8% or higher. Seven expected inflation to fall without the need for further action.
Never, in the three decades the Reserve Bank has been targeting inflation, has it been tested by prices rising in unison like this.
Inflation has hit 6.1%, and the rate of inflation on necessities is 7.6%. Bringing it down will require still higher interest rates and exquisite judgement in order to avoid a recession.
Soaring inflation in the US has been driven in part by large increases in the price of groceries – a burden that falls disproportionately on lower-income families.
The rich history of UK consumer culture has been captured in the composition of the ‘basket of goods’ used to measure inflation.