Inflation dropped slightly to 2.5% in June in Fed’s preferred gauge

Inflation cooled to 2.5% for the year ending in June in the index favored by the Federal Reserve, the Bureau of Economic Analysis reported Friday, down one-tenth of a percentage point from the ... Read More

Inflation is inching closer toward the Fed’s 2% target

Yet another favorable piece of economic data shows that price hikes are slowing and that long-unruly inflation appears to be tamed. Read More

Prices fell in June for the first time since the start of the pandemic

Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front. The Consumer ... slowed on a monthly and annual basis. “Today, the ... Read More

Cooling US inflation bolsters September rate cut hopes

U.S. prices increased moderately in June as the declining cost of goods tempered a rise in the cost of services, underscoring an improving inflation environment that could position the Federal Reserve ... Read More

Inflation slowed again in June but some items are still pricey — here’s what’s rising most

Even with the good news, consumers may still feel the pinch of inflation. Since February 2020, consumer prices have increased 20.8 percent, a Bankrate analysis of Bureau of Labor Statistics data ... Read More

Inflation cooled in June, helped by lower gas prices

Inflation largely disappeared ... Mark Huffman has been a consumer news reporter for ConsumerAffairs since 2004. He covers real estate, gas prices and the economy and has reported extensively ... Read More

Consumer Goods Prices and Inflation

ConsumerAffairs is not a government agency. Companies displayed may pay us to be Authorized or when you click a link, call a number or fill a form on our site. Our content is intended to be used ... Read More

Inflation slowed more than expected in June as gas prices fell, rent rose

Core prices, which exclude volatile food and energy items ... that by December, yearly inflation will slow to 3% and the core index measure will fall to 3.2% – still well above the Fed’s ... Read More