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10 US Cities Where Inflation Is Rising the Most

Sorry, Miami residents

(Newser) - Inflation isn't rising as fast as it was a year ago nationwide, but it remains near a historically high rate of 5%. Some areas of the country are feeling it more than others, and WalletHub crunched data related to the Consumer Price Index to determine the cities where inflation...

Wall Street Likes Latest News on Consumer Prices

4.9% inflation was a tad less than expected

(Newser) - Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, suggesting that rising costs could persist for months to come—but the annual increase came in a hair under what was expected, cheering investors. The major points:
  • Prices rose 0.4% from March

Inflation Comes in Lower Than Expected

Year-over-year rate in March was 5% after small bump in March

(Newser) - US consumer inflation eased in March, with less expensive gas and lower food prices providing some relief to households that have struggled under the weight of surging prices for nearly two years, per the AP .
  • Smaller than expected: The government said Wednesday that consumer prices rose just 0.1% from

Surprise OPEC Move May Complicate Fed's Strategy

Decision to limit output expected to raise gas prices, along with fears about inflation

(Newser) - Oil prices soared nearly 6% on Monday after Saudi Arabia and other major oil producers said they will cut production by 1.15 million barrels per day from May until the end of the year, per the AP . The move by members of the so-called OPEC+ group of oil exporting...

Amid Yearlong Price Pressures, an 'Encouraging Sign'

Federal Reserve's favored inflation gauge slowed sharply last month

(Newser) - The Federal Reserve's favored inflation gauge slowed sharply last month, an encouraging sign in the Fed's yearlong effort to cool price pressures through steadily higher interest rates. Friday's report from the Commerce Department showed that consumer prices rose 0.3% from January to February, down from a...

Argentina's Inflation Rate Hits Grim Milestone

It's 5th country to see annual inflation enter triple digits

(Newser) - A Swiss banking giant isn't the only foreign entity having a rough week. Argentina on Tuesday announced that month-on-month inflation hit 6.6% in February, pushing its 12-month rate to 102.5%. That means the prices of many consumer goods have doubled over the course of a year, per...

Annual Inflation Continues an 8-Month Streak

It eases again to 6%, though that is still historically high

(Newser) - US consumer price increases eased slightly from January to February but still pointed to an elevated inflation rate that is posing a challenge for the Federal Reserve at a delicate moment for the financial system. The government said Tuesday that prices increased 0.4% last month, just below January’s...

Fed's Powell Speaks, and Markets Aren't Thrilled

Fed Chair Has
More Bad News

Fed Chair Has More Bad News

Guess what? Higher interest rates likely coming

(Newser) - Jerome Powell opened his mouth on Tuesday before the Senate Banking Committee, Wall Street listened and wasn't happy, and probably no one who's possession of a variable interest rate will be, either. "The latest economic data have come in stronger than expected, which suggests that the ultimate...

Even the Tooth Fairy Can't Escape Inflation

Last year a lone tooth went for an average $5.36; this year it's $6.23

(Newser) - Time to pony up, parents—er, we mean, tooth fairies. Last year, a single tooth placed under a child's pillow earned that kid an average $5.36. Inflation has come for even mythical beings, however, with Axios reporting that the cost for fallen molars and incisors has shot up...

Inflation Continues to Cool in the US

But January's numbers still come in higher than expected

(Newser) - The closely watched consumer-price index is out, and the new numbers for January show that inflation continues to cool on an annual basis—though not by as much as analysts expected.
  • The rise: Consumer prices rose 0.5% in January, which translates to an annual inflation rate of 6.4%,

Inflation Rate Declines for 6th Straight Month

US inflation slowed to 6.5% over the past 12 months in December

(Newser) - The Labor Department's eagerly anticipated inflation report for December is out, and it shows inflation again slowed, this time to 6.5% from a year earlier. That's down from 7.1% in November and marks the sixth straight year-over-year decrease since the figure hit a peak of 9....

The Changing Value of Money Requires Mental Adjustments

Expert says understanding of costs and spending is locked in early in adulthood

(Newser) - In the 1987 film Wall Street, Charlie Sheen's character admonishes his father—played by his father—for not keeping up with the changing value of a salary that once sounded high. "50K does not get you to first base in the Big Apple, Dad, not anymore," Sheen...

Rents Take a Plunge, Zillow Finds
Rents Take
a Plunge,
Zillow Finds

Rents Take a Plunge, Zillow Finds

Month-to-month drop could suggest inflation is easing

(Newser) - Rents posted a decline in November, an indication that inflation could be slowing. The 0.4% drop reported by Zillow was the largest month-to-month decline since the company began monitoring rents in 2015, Axios reports. Rents are still running above pre-pandemic levels, averaging $2,008 per month nationally. Because of...

It's an Ugly Day on Wall Street
An Ugly Day on Wall Street

An Ugly Day on Wall Street

Dow falls 764 points on weak consumer spending, fallout from Fed move

(Newser) - Ouch. The markets cratered at Thursday's opening bell and never recovered. A weak report on retail sales and worries that the Fed will keep raising rates were getting the bulk of the blame. For the day, the Dow fell 764 points, or 2.2%, to 33,202; the S&...

Americans Air Their Biggest Problems of 2022

Government, inflation emerge as top concerns in 2 polls

(Newser) - The biggest problem facing Americans is nothing new, according to Gallup. An average 19% of respondents chose government as the top problem facing the country in 11 monthly Gallup polls, the company announced Tuesday . That's the seventh time in the past decade that government has come out on top,...

Inflation Report Delivers Welcome News

Prices rose just 0.1% in November, 7.1% from a year ago

(Newser) - Inflation in the United States slowed again last month, the latest sign that price increases are gradually cooling. Consumer prices rose 7.1% in November from a year ago, better than expectations of 7.3%, the government said Tuesday. That was down from 7.7% in October and a recent...

Inflation Is a Big Worry for Black Friday Shoppers

People are more reluctant to spend big this year

(Newser) - Black Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on consumers. Elevated prices for food, rent, gasoline, and other household costs have taken a toll on shoppers. As a result, many are reluctant to spend unless there is a big sale and are being more...

New Inflation Numbers Are Good News
New Inflation Numbers
Are Good News

New Inflation Numbers Are Good News

Wholesale prices rose less than expected, and Dow futures jump as a result

(Newser) - Another new economic report adds to the notion that inflation is easing—and markets appear to be pretty happy about it. The government said Tuesday that the producer price index, seen as a measure of wholesale inflation, rose 0.2% in October from September, less than the expected mark of...

Inflation Is Rising Fastest in This US City

Sorry, residents of Phoenix

(Newser) - The nation's latest inflation report may have delivered better news than expected, but prices remain stubbornly high across the nation. And, of course, some places are worse than others. WalletHub has crunched Consumer Price Index data to determine the metropolitan areas in the US where inflation is rising the...

Stock Market Just Had Its Best Day in Years
Stock Market Soars
on Inflation Data

Stock Market Soars on Inflation Data

S&P rises 5% for its best day since 2020

(Newser) - Stocks had their best day in years Thursday after a report showed inflation in the US slowed last month by more than expected:
  • The benchmark S&P 500 surged 207 points, or 5.5%, to 3,956.
  • The Dow rose 1,201 points, or 3.7%, to 33,715.
  • The

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