Customer Wallets Strain As January Sees Price Hike: Inflation Hits A New High
Key Takeaways: - Goods and services saw an increase in prices in January.
- This caused the inflation rate to reach its highest since June 2021.
-...
Trump’s Economic Policies May Fuel Inflation and Increase Budget Deficits
Key Takeaways: - Trump's economic strategies like tariffs may add to inflation
- Inflation currently stands at 2.9%, above the Federal Reserve's target
- The new administration's...
U.S Inflation Sees A Spike with Surging Gas Prices
Key Takeaways: - U.S. inflation witnessed a rise last month due to a sharp increase in gas prices.
- The consumer price index saw a boost...
US Inflation Rates Rise as Energy and Food Prices Soar
Key Takeaways: - December's average prices saw a 2.9% increase compared to 2023's figures.
- Energy costs accounted for over 40% of the inflation surge last...
A Glance at the December Inflation Figures: Core Prices and CPI Trends Simplified
Key Takeaways: - Core prices saw a monthly increase of 0.2% in December, a notch down from 0.3% reported in November.
- Year-on-year, core prices rose...
US Inflation Rises to 2.7%, Federal Reserve Eyes Rate Cut
Key Takeaways: - US inflation rates increased to 2.7% in November.
- This rise was parallel to Wall Street’s predictions.
- The inflation growth could trigger expected...
Republican House Majority Set to Repeal Inflation Reduction Act
Key Takeaways: * Republicans in the House are poised to repeal the controversial Inflation Reduction Act post securing their majority.
* The Inflation Reduction Act, passed...