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Thursday's report from the Labour Department showed that overall prices rose 0.3% from November and 3.4 % from 12 months earlier. Those gains exceeded the previous 0.1 % monthly rise and the 3.1 % annual inflation in November. Excluding volatile food and energy costs, so-called core prices rose just 0.3% month over month, unchanged from November's rise.
August's inflation reading keeps the Fed on course to leave interest rates unchanged at its next meeting. Stocks caught a tailwind from an inflation reading that keeps the Federal Reserve on track to leave interest rates unchanged at the next Fed meeting. August consumer prices rose 3.7% on an annual basis, we learned Wednesday, driven partly by a spike in gasoline prices. But core prices, which exclude volatile food and energy costs and are considered to be a better indicator of future prices,
Inflation in the U.S. rose in July after 12 straight months of declines, boosted by costlier housing. But excluding volatile food and energy prices, so-called core inflation rose just 0.2%
U.S. wholesale prices fell in March, a sign that inflationary pressures in the economy are easing more than a year after the Federal Reserve began aggressively raising interest rates.
The pace of consumer price increases eased again in January compared with a year earlier, the latest sign that the high inflation that has gripped Americans for nearly two years