Consumer Price Index

Listen to article(2 minutes)Americans’ growing paychecks surpassed inflation for the first time in two years, providing some financial relief to workers, while complicating the Federal Reserve’s efforts to tame price increases.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(2 minutes)Americans’ growing paychecks surpassed inflation for the first time in two years, providing some financial relief to workers, while complicating the Federal Reserve’s…

The companies say new minimum pay rates are based on flawed calculus and will raise consumer prices and limit worker flexibility. The companies say new minimum pay rates are based on flawed calculus and will raise consumer prices and limit worker flexibility. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful…

The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June and down from April’s 4.9% increase. The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June and down from April’s 4.9% increase. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

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ShareListen(1 min) ShareListen(1 min) FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Worker pay and benefit gains firmed during the first quarter of the year according to a wage gauge closely watched by Federal Reserve policy makers. Employers spent 1.2% more on wages and benefits last quarter versus the prior three months, a slight uptick from an upwardly revised 1.1% increase in the fourth quarter of 2022, the Labor Department said Friday. From a year earlier the employment-cost index advanced 4.8%, an easing from the 5.1% gain at the end of last year. Worker pay and…

Markups on new cars were a key force behind the current bout of inflation, according to new research published this month.  Those extra dealer profits contributed between 0.3 and 0.7 percentage point of the nearly 16% rise in the consumer-price index between the end of 2019 and the end of 2022, a study published in a U.S. Bureau of Labor Statistics journal found. Markups on new cars were a key force behind the current bout of inflation, according to new research published this month.…

LONDON—The U.K.’s annual rate of inflation was higher than expected in March and remained in double digits, a level of persistent price increases that could mean further hikes in interest rates in the coming months despite a weak economy.  March consumer prices were 10.1% higher than a year earlier, a decline in the inflation rate from 10.4% in February, the U.K.’s statistics agency said Wednesday. That rate was higher than expected, with economists having forecast a drop to 9.8%. The core rate of…

Firm underlying inflation pressures during the first quarter keep the door open for Federal Reserve officials to consider increasing interest rates at their meeting in three weeks before potentially pausing their rate-rise campaign.The consumer-price index rose 0.1% in March and by 5% over the previous 12 months, the smallest annual increase in nearly two years, the Labor Department said Wednesday. Core prices, which exclude volatile food and energy items and which central bankers see as a better gauge of underlying…

SINGAPORE—Inflation in China eased for the second straight month in March despite signs of a pickup in the economy, a cautionary signal on the strength of the nation’s recovery as it emerges from nearly three years of strict Covid-19 controls. Consumer prices rose just 0.7% in March from a year earlier, China’s National Bureau of Statistics said Tuesday, the lowest annual rate of inflation since September 2021. March’s reading was weaker than the 1.0% annual rate recorded in…