It’s not just eggs. Many commonly purchased goods and services got more expensive in January, driving inflation in the wrong ...

This index is primarily used to determine current ... inflation has been trending downward during the second half of 2024. The inflation rate remained above 3% in early 2024. Since early 2022 ...

A small amount of inflation is normal and is seen as good for the economy by most economists. The Federal Reserve aims for inflation of 2% over the long run, and for much of the last 20 years, the U.S ...

Data from the OECD shows that between 2019 to 2023, the United States and Canada saw their average wages increase by 5.2% and ...

The Fed raised its benchmark rate in 2022 and 2023 to a two-decade high of 5.3% to combat inflation ... and/or stored by us and social media and other third-party partners in accordance with ...

An underlying inflation measure also accelerated. Some economists said the larger-than-expected price surge takes additional Federal Reserve interest rate cuts off the table until at least year's end.

At its current level, the Fed’s key rate is restricting borrowing and spending by consumers and businesses, Powell has said.