As of Oct. 27, the national average for a gallon of regular gasoline rose to $3.394 from the prior day's $3.389 and up from the month ago average of $3.189, according to AAA.
Many of today's investors haven't experienced high inflation firsthand. What's the best strategy for managing your portfolio, given today's inflation rate of 5.4%, the highest in years?
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.
The company said in a Sept. 28 release that customers have welcomed the rollout of Dollar Tree Plus and Combo store formats, which offer items at higher price points.
University of Michigan's consumer sentiment index edged up to a reading of 71 in September, a slight uptick from August's 70.3, which was the lowest level since 2011.
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.
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.
It can be helpful to look at what we know-and don't know-about inflation. Following are common misconceptions surrounding periods of high inflation, along with the truth behind these myths.
The median price of an existing single-family home surged by 22.9 percent in the second quarter of 2021 compared to the year-ago period, hitting an all-time high of $357,900, the NAR said in an Aug. 12 report.
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.
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.
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