Inflation Rose More Than Expected
The Labor Department is reporting the consumer price index rose 2.4 percent from a year ago. That's after a 2.5 percent increase in August. The inflation number was above trade expectations.
Articles tagged under: Consumer Price Index
CPI Rises Higher Than Expected
The Consumer Price Index rose 3.5 percent from one year ago. That’s up considerably from February’s 3.2 percent. It is also the highest rate of inflation since November. There’s speculation this news will force the Federal Reserve to hold off…
White House Responds to CPI Report
The January Consumer Price Index rose 3.1 percent on an annual basis. That’s down slightly from the 3.4 percent CPI in December. Inflation levels were higher than many analysts anticipated, but the Biden Administration downplayed that expectation. "We always want…
Markets Watching Impacts
AgResource Company President Dan Basse says grain traders are watching the winter storm impacting the Midwest. "It sure helps with the moisture situation next year. The market didn't pay a lot of attention to the weather, but nonetheless I think…
Consumer Price Index on the Rise
Consumer prices rose 7.1 percent in November, the slowest pace since late 2021 and down from 7.7 percent in October. A report from the Wall Street Journal says gasoline prices drove much of decline with the national average price of…
Inflation at Levels Not Seen in 40 Years
The Consumer Price Index increased 7.5 percent last month. The Federal Reserve was already expected to increase interest rates at its March meeting. Analysts are saying the higher inflation rate will likely accelerate a series of interest rate increases.
