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The producer price index increased a seasonally adjusted 1.1% in May, putting the 12-month wholesale inflation rate at 6.5%, the highest since November 2022. Excluding food and energy, the so-called ...

May PPI surged to 6.5%, but core PPI missed expectations at 4.9%, suggesting energy drove the spike rather than broad-based inflation. The Fed faces a tough choice: hike rates and risk slower growth, ...

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. Persistent inflation above 2% continues to challenge household finances, eroding purchasing ...

Americans are paying an average of $4.50 per gallon, up about 50% since the start of the conflict. Fuel prices impact just about everything, and that's reflected in April's Consumer Price Index (CPI) ...

Dallas Fed's trimmed mean inflation measure may currently understate true price pressures Core PCE inflation rose 3.3% year-over-year, fastest since 2023, per Commerce Department Warsh has said he ...

Consumer and wholesale prices are rising at the fastest rate in three years due to the Iran war Higher prices have forced Americans to be more choosy about what they buy. The surge in gasoline prices ...

The Federal Reserve's preferred inflation gauge continued its climb in May, casting further doubt on the prospects of near-term interest rate cuts from the Federal Reserve. Processing Content The ...

The consumer price index jumped 4.2% in May versus a year earlier, its highest level in more than three years, according to the U.S. Bureau of Labor Statistics. Gasoline and other energy prices surged ...

Inflation accelerated in May to the fastest pace in more than three years as the Iran war pushed up energy prices, outstripping Americans’ pay gains. The consumer price index climbed 0.5% from April ...