Consumer Price Index

Inflation rose at its slowest pace since May 2021 while groceries declined on the month for the first time since 2020. But housing costs are skyrocketing.

Latest consumer price inflation is smallest increase in nearly 2 years

Monthly consumer prices rose at the fast clip of 0.4% in February, and shelter was the biggest driver of inflation for the month.

Consumer prices keep surging in February, annual inflation at 6%

The Fed slowed the pace of rate hikes for the second meeting in a row, bringing the fed funds target range to 4.5% to 4.75%, its highest level since 2007.

Fed hikes rate by 25 basis points, its first ‘normal’ increase since March 2022

Overall consumer prices in December declined 0.1% from November, while annual consumer inflation rose 6.5% from a year ago.

Deflation in December: Consumer prices fall for first time since 2020

Minutes from the Fed's latest meeting show officials worried the market could undermine the Fed's efforts to bring down prices.

Fed shows resolve in interest rate hikes but market still sees pivot in 2023

President Biden claimed inflation is coming down in American while rising by double digits in other major economies. The data proves otherwise.

Biden falsely claims inflation in major economies ‘rising in double digits’

The Fed hiked its benchmark interest rate by 50 basis points Wednesday, marking the seventh hike of the year in its efforts to battle inflation.

Fed moderates December interest rate hike but signals it’s still climbing

While overall prices are still running hot, consumer inflation slowed to 7.1% in November, providing a better-than-expected result.

Inflation cools more than expected, consumer prices rise 7.1% for year

Consumer prices in October rose 7.7% from a year ago, the lowest annual gain since January 2022. That's below analyst expectations of 7.9%.

Inflation eased more than expected, consumer prices increase 7.7% on year

Inflation is synonymous with the consumer price index. But there's more than one way to measure inflation, and CPI is not the Fed's favorite.

Why the Fed’s favorite inflation gauge is much lower than better known CPI