Consumer Prices
Business News
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.
Business News
Producer Prices See Biggest Annual Surge on Record, Stoking Broader Inflation Concerns
The Labor Department said in a Sept. 10 statement that, for the 12 months ending in August, the final demand producer price index (PPI) jumped by 8.3 percent, the highest number in the history of the series.
Business News
'Inflation Could Repeat Trajectory of 1960s': Economic Historian Niall Ferguson
Ferguson said that policymakers are now facing a new challenge in the form of rising inflation after responding to the COVID-19 pandemic in a manner similar to the 2008 Global Financial Crisis.