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The consumer price index rose 3.5% in June from a year earlier, a deceleration after several months of upward moves.
The report suggests a slide in prices at the pump in June offered consumers some relief as the worst of the Iran war energy shock started to fade.
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
Inflation "cooled" in June, but prices still rose. Here's why inflation rates don't always reflect the pain at the checkout counter.
The Consumer Price Index is the most commonly used measure of inflation in the United States. The CPI for all items increased by 0.9% in March 2026, on a seasonally adjusted basis, as reported by the U.
Mortgage rates have increased for the second week in a row on July 16, according to Freddie Mac. The national average 30-year fixed mortgage rate is up .06% to 6.55%. Rates have been hovering around 6.
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Core inflation rate hit 3.4% in May, highest since October 2023, Fed’s preferred gauge shows
The personal consumption expenditures price index was expected to show a 4.1% annual increase.
Federal Reserve Chair Kevin Warsh may not like forward guidance, but he spent five hours answering lawmakers' questions this week. What they learned.
By Sukanya Mitra July 15 (Reuters) - Gold prices slipped on Wednesday as escalating tensions in the Middle East continued to stoke inflation concerns, reinforcing expectations of higher U.S. interest rates.
