Us inflation data today

Anthony Jackson, USA TODAY Americans struggling with Other costs, especially rent, are still climbing. th straight month in May as grocery price increases eased again and gas more than reversed the previous month’s rise. Overall, "The embers of inflation keep fading," says Bernard Baumohl, chief global economist for the Economic Outlook Group. Core prices, which exclude volatile food and energy items and better capture longer-term trends, have been tougher to tame. They rose 0.4% for the third-straight month. Still, that lowered the annual increase from 5.5% to 5.3%, the lowest since November 2021. The report presents a quandary for a Federal Reserve that’s expected Wednesday to pause its 14-month campaign of aggressive interest rate hikes aimed at corralling inflation to assess their economic impact. While price increases broadly have eased, the Fed is more concerned about stubbornly elevated core inflation. As a result, some Fed officials have said they were leaning toward skipping a rate increase this week but hiking again in July. Economist Jason Schenker of Prestige Economics says overall price increases slowed so substantially in May that the Fed will likely hold off further rate bumps this year. But noting persistent core price gains, Paul Ashworth of Capital Economics expects another hike in July. • Inflation in the Midwest shows food costs continuing to rise • Inflation in the West continues to hit consumers, even as prices cool elsewhere • Inflation in the Northe...

The consumer price inflation in the United States declined to 4.0 percent in May 2023, the lowest since March 2021 and slightly below market expectations of 4.1 percent, driven by a decline in energy prices. In addition, the core rate, which excludes volatile items such as food and energy, has slowed to 5.3 percent, the lowest since November 2021, supporting the argument for the Federal Reserve to consider pausing its current cycle of monetary tightening. Energy cost slumped 11.7 percent (vs -5.1 percent in April), while food inflation slowed to 6.7 percent (vs 7.7 percent in April). There were also smaller price increases for new vehicles (4.7 percent vs 5.4 percent), apparel (3.5 percent vs 3.6 percent), shelter (8.0 percent vs 8.1 percent), and transportation services (10.2 percent vs 11.0 percent). The cost of medical services was down 0.1 percent (vs 0.4 percent in April). On a monthly basis, consumer prices edged up 0.1 percent in May after increasing 0.4 percent in April. source: Inflation Rate in the United States averaged 3.30 percent from 1914 until 2023, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023. Related Last Previous Unit Reference ...

US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year. This is higher than the long term average of 3.28%. The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year. Inflation is one of the metrics used by the US Federal Reserve to gauge the health of the economy. Since 2012, the Federal Reserve has targeted a 2% inflation rate for the US economy and may make changes to monetary policy if inflation is not within that range. A notable time for inflation was the early 1980's during the recession. Inflation rates went as high as 14.93%, causing the Federal Reserve led by Paul Volcker to take dramatic actions. Date Value May 31, 2023 4.05% April 30, 2023 4.93% March 31, 2023 4.98% February 28, 2023 6.04% January 31, 2023 6.41% December 31, 2022 6.45% November 30, 2022 7.11% October 31, 2022 7.75% September 30, 2022 8.20% August 31, 2022 8.26% July 31, 2022 8.52% June 30, 2022 9.06% May 31, 2022 8.58% April 30, 2022 8.26% March 31, 2022 8.54% February 28, 2022 7.87% January 31, 2022 7.48% December 31, 2021 7.04% November 30, 2021 6.81% October 31, 2021 6.22% September 30, 2021 5.39% August 31, 2021 5.25% July 31, 2021 5.37% June 30, 2021 5.39% May 31, 2021 4.99% Date Value April 30, 2021 4.16% March 31, 2021 2.62% February 28, 2021 1.68% January 31, 2021 1.40% December 31, 2020 1.36% November 30, 2020 1.17% October 31, 2020 1.18% September 30, 2020 1.37% August 31, 2020 1.3...

Declines hit across the board, with rising interest-rate expectations increasing worries about the possibility of the economy slipping into a recession. The Dow Jones Industrial Average fell around 2.7%, or about 880 points, in 4 p.m. trading. Technology shares slid along with banks and consumer shares, sending the S&P 500 down 2.9% and the Nasdaq Composite down 3.5%. The Texas oil major's profit doubled to $5.5 billion in the first quarter from the same period the year before. That was about 38% lower than analysts had expected, according to FactSet. Exxon took a $3.4 billion accounting charge following its decision to halt operations at its Sakhalin Island development in Russia's Far East. Mr. Norton said Exxon’s capital expenditures in the Permian are up 50% this year, compared with last year, and that the company is increasing refining capacity to process light sweet crude produced in the U.S. by 250,000 barrels per day, “which is the equivalent of adding a new medium sized refinery.” Analysts and investors say that the extended surge in inflation could prompt the Federal Reserve to tighten monetary policy more aggressively at its meeting next week. However, some investors believe that even if the Fed were to aggressively raise rates, it will struggle to bring down stubborn inflation. That could contribute to gains in gold, which has outperformed stocks and bonds this year. Bitcoin declined 3.8% to $28,990 in the early afternoon while ethereum slipped 7% to $1,676 from...

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US Inflation Rate is at 4.05%, compared to 4.93% last month and 8.58% last year. This is higher than the long term average of 3.28%. The US Inflation Rate is the percentage in which a chosen basket of goods and services purchased in the US increases in price over a year. Inflation is one of the metrics used by the US Federal Reserve to gauge the health of the economy. Since 2012, the Federal Reserve has targeted a 2% inflation rate for the US economy and may make changes to monetary policy if inflation is not within that range. A notable time for inflation was the early 1980's during the recession. Inflation rates went as high as 14.93%, causing the Federal Reserve led by Paul Volcker to take dramatic actions. Date Value May 31, 2023 4.05% April 30, 2023 4.93% March 31, 2023 4.98% February 28, 2023 6.04% January 31, 2023 6.41% December 31, 2022 6.45% November 30, 2022 7.11% October 31, 2022 7.75% September 30, 2022 8.20% August 31, 2022 8.26% July 31, 2022 8.52% June 30, 2022 9.06% May 31, 2022 8.58% April 30, 2022 8.26% March 31, 2022 8.54% February 28, 2022 7.87% January 31, 2022 7.48% December 31, 2021 7.04% November 30, 2021 6.81% October 31, 2021 6.22% September 30, 2021 5.39% August 31, 2021 5.25% July 31, 2021 5.37% June 30, 2021 5.39% May 31, 2021 4.99% Date Value April 30, 2021 4.16% March 31, 2021 2.62% February 28, 2021 1.68% January 31, 2021 1.40% December 31, 2020 1.36% November 30, 2020 1.17% October 31, 2020 1.18% September 30, 2020 1.37% August 31, 2020 1.3...

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

Anthony Jackson, USA TODAY Americans struggling with Other costs, especially rent, are still climbing. th straight month in May as grocery price increases eased again and gas more than reversed the previous month’s rise. Overall, "The embers of inflation keep fading," says Bernard Baumohl, chief global economist for the Economic Outlook Group. Core prices, which exclude volatile food and energy items and better capture longer-term trends, have been tougher to tame. They rose 0.4% for the third-straight month. Still, that lowered the annual increase from 5.5% to 5.3%, the lowest since November 2021. The report presents a quandary for a Federal Reserve that’s expected Wednesday to pause its 14-month campaign of aggressive interest rate hikes aimed at corralling inflation to assess their economic impact. While price increases broadly have eased, the Fed is more concerned about stubbornly elevated core inflation. As a result, some Fed officials have said they were leaning toward skipping a rate increase this week but hiking again in July. Economist Jason Schenker of Prestige Economics says overall price increases slowed so substantially in May that the Fed will likely hold off further rate bumps this year. But noting persistent core price gains, Paul Ashworth of Capital Economics expects another hike in July. • Inflation in the Midwest shows food costs continuing to rise • Inflation in the West continues to hit consumers, even as prices cool elsewhere • Inflation in the Northe...

Declines hit across the board, with rising interest-rate expectations increasing worries about the possibility of the economy slipping into a recession. The Dow Jones Industrial Average fell around 2.7%, or about 880 points, in 4 p.m. trading. Technology shares slid along with banks and consumer shares, sending the S&P 500 down 2.9% and the Nasdaq Composite down 3.5%. The Texas oil major's profit doubled to $5.5 billion in the first quarter from the same period the year before. That was about 38% lower than analysts had expected, according to FactSet. Exxon took a $3.4 billion accounting charge following its decision to halt operations at its Sakhalin Island development in Russia's Far East. Mr. Norton said Exxon’s capital expenditures in the Permian are up 50% this year, compared with last year, and that the company is increasing refining capacity to process light sweet crude produced in the U.S. by 250,000 barrels per day, “which is the equivalent of adding a new medium sized refinery.” Analysts and investors say that the extended surge in inflation could prompt the Federal Reserve to tighten monetary policy more aggressively at its meeting next week. However, some investors believe that even if the Fed were to aggressively raise rates, it will struggle to bring down stubborn inflation. That could contribute to gains in gold, which has outperformed stocks and bonds this year. Bitcoin declined 3.8% to $28,990 in the early afternoon while ethereum slipped 7% to $1,676 from...

The consumer price inflation in the United States declined to 4.0 percent in May 2023, the lowest since March 2021 and slightly below market expectations of 4.1 percent, driven by a decline in energy prices. In addition, the core rate, which excludes volatile items such as food and energy, has slowed to 5.3 percent, the lowest since November 2021, supporting the argument for the Federal Reserve to consider pausing its current cycle of monetary tightening. Energy cost slumped 11.7 percent (vs -5.1 percent in April), while food inflation slowed to 6.7 percent (vs 7.7 percent in April). There were also smaller price increases for new vehicles (4.7 percent vs 5.4 percent), apparel (3.5 percent vs 3.6 percent), shelter (8.0 percent vs 8.1 percent), and transportation services (10.2 percent vs 11.0 percent). The cost of medical services was down 0.1 percent (vs 0.4 percent in April). On a monthly basis, consumer prices edged up 0.1 percent in May after increasing 0.4 percent in April. source: Inflation Rate in the United States averaged 3.30 percent from 1914 until 2023, reaching an all time high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921. This page provides - United States Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United States Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023. Related Last Previous Unit Reference ...