Consumer Price Index

Workers who stay put in their jobs are getting their heftiest pay raises in decades, a factor putting pressure on inflation.Wages for workers who stayed at their jobs were up 5.5% in November from a year earlier, averaged over 12 months, according to the Federal Reserve Bank of Atlanta. That was up from 3.7% annual growth in January 2022 and the highest increase in 25 years of record-keeping. Faster wage growth is contributing to historically high inflation, as some companies pass along price increases to compensate for…

TOKYO—Japan’s core inflation rose at the fastest pace in nearly 41 years in November, fueling market speculation that the Bank of Japan would look to tighten monetary policy in 2023. After the central bank’s surprise move Tuesday to raise its cap on a key interest rate, market watchers are split over whether more is coming next year. But they agree inflation will be a key factor in the decision. Core consumer prices—a measure that covers all prices except fresh food—rose 3.7% from a year earlier in November, the fastest…

Consumers saw lower prices for cars, plane tickets and electricity in November compared with October though food and shelter inflation continued to be elevated. The consumer-price index rose 7.1% in November from a year earlier, the smallest increase since December, the Labor Department said Tuesday. On a monthly basis, the November CPI increased a seasonally adjusted 0.1% from October. The CPI measures the prices consumers pay for goods and services.…

The Federal Reserve is expected to increase its benchmark rate at a midweek policy meeting. The Federal Reserve is expected to increase its benchmark rate at a midweek policy meeting. 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…

The annual rate of inflation in the eurozone fell in November for the first time since mid-2021 as energy prices dropped.However, the slowdown isn’t likely to stop the European Central Bank from increasing interest rates further, economists warned. Consumer-price inflation across the 19 countries that share the euro has increased since Russia’s invasion of Ukraine, and the Kremlin’s decision to weaponize the country’s vast stores of energy to undermine European support for Kyiv.  As a result of rising energy prices, the…

Americans say they will rein in spending this Black Friday, but to avoid busting their budgets, shoppers should do even more planning than usual, experts suggest.With high inflation and economic uncertainty dampening the usual holiday cheer, shoppers say they want to take a more frugal approach to gift giving, according to The Conference Board, a nonprofit research organization.  The pomp of Black Friday, along with the deluge of online deals and discounts, may derail these plans. The National Retail Federation expects…

Households, retailers and charities nationwide, feeling the pinch of inflation, are bracing for a humbug holiday season. U.S. consumers and businesses have trimmed spending plans for gifts, charitable contributions and holiday events, data show. The penny-pinching threatens to spoil the year-end for many, especially firms and nonprofits that tally their largest share of sales and donations in November and December. “We’re hopeful for a strong giving season, but we’re not counting on it,” said…

KANSAS CITY, Mo.— Inflation is at risk of growing entrenched in the economy due to an overheated job market, and that will make it increasingly difficult for the Federal Reserve to bring inflation down without a recession, a central bank official said in an interview. “I’m looking at a labor market that is so tight, I don’t know how you continue to bring this level of inflation down without having some real slowing, and maybe we even have contraction in the economy to get there,” said Kansas City Fed…

LONDON—The U.K.’s annual rate of inflation rose to a fresh 41-year high in October on surging energy prices, but a government price cap on energy and a looming recession means any further increases to inflation in coming months are likely to be more modest. Consumer prices were 11.1% higher than a year earlier, a faster rate of inflation than the 10.1% recorded in September and the highest since October 1981, the Office for National Statistics said Wednesday.  Energy prices have surged since Russia’s invasion of Ukraine…

Inflation eased last month to the slowest pace since January but remained high, which could keep Federal Reserve officials on track to start slowing the pace of interest-rate rises aimed at taming price pressures. The Labor Department on Thursday said that its consumer-price index increased 7.7% in October from the same month a year ago, down from 8.2% in September and June’s 9.1% rate, which was the highest in four decades.  The... Inflation eased last month to the slowest pace since January but…