Consumer Price Index
Inflation Jumps 7 Percent Annually in December, Fastest Pace Since 1982
The Bureau of Labor Statistics (BLS) reported on Jan. 12 that the Consumer Price Index (CPI), which reflects inflation from the perspective of end consumers, rose 7.0 percent in the 12 months through December, a level not seen since June 1982, when it hit 7.2 percent.
Key Inflation Gauge Pops Again, This Time Hitting Highest Level In Nearly 40 Years
The Commerce Department reported on Dec. 23 that the headline Personal Consumption Expenditures (PCE) price index rose by 5.7 percent in the 12 months through November. The highest level since July 1982, when PCE inflation hit 5.8 percent.
Prices Expected to Rise Two Times Higher Than Wages: Fed Survey
According to data from the Bureau of Labor Statistics, the Consumer Price Index increased 6.8 percent in the 12 months through November, the fastest climb in 39 years.
Your Money Is Now Losing Close to 1 Percent of Its Value Every 30 Days, According to Labor Bureau Data
Currently, inflation of the U.S. dollar is at its highest level since 1990.
Consumer Confidence Jumps as Labor Market Optimism Outweighs Inflation Concerns
U.S. consumer confidence rose in October after three consecutive months of declines.
US Consumer Prices Surge Higher Than Expected, Hit 13-Year High
According to the latest Bureau of Labor Statistics (BLS) data, the annual inflation rate climbed to a 13-year high of 5.4 percent in September, coming in higher than the median estimate of 5.3 percent.
Consumer Price Hikes Soften in August, Annual Inflation Stays Stubbornly High
The consumer price index (CPI) rose 0.3 percent in August from July, the Labor Department said in a Sept. 14 report, with consensus forecasts predicting a slightly higher 0.4 percent rate of monthly inflation.
Inflation Growth Slows in July, Still a Concern as It Broadens and Stays Historically High
The Labor Department stated in a report on Aug. 11 that the consumer price index (CPI) jumped 0.5 percent in July from June, which is less than the previous monthly increase of 0.9 percent.
Key Inflation Gauge Posts Fastest Annual Price Gain In 30 Years
Some economists have expressed concerns that if prices accelerate too fast and stay high for too long, expectations of further price increases will take hold, driving up demand for wages and potentially triggering the kind of wage-price spiral that plagued the economy in the 1970s.
What History Tells Us About Inflation's Impact on Everyday Americans
What does the risk of high inflation mean for the days ahead? While it isn't possible to see into the future, a look at rates in the past can help provide some context.