October wholesale PPI inflation up 0.2% for annual rate of 2.4%, meeting expectations
Wholesale Producer Price Index inflation rose 0.2% in October and is up 2.4% annually, according to a Thursday report from the Bureau of Labor Statistics.
Will October's inflation increase slow the pace of interest rate cuts?
In October, inflation was above the annual inflation rate of 2.4% in September, and it increased 0.2% on a monthly basis, according to BLS. The cost of housing was the most significant contributor to the monthly increase in October,
Are the Fed's Rate Cuts Over Now That Inflation Is Rising Again?
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U.S. inflation rose 2.6% in October, a month after Fed's first rate cut
U.S. inflation rose 2.6% on an annual basis last month, representing an uptick from September when the Federal Reserve began cutting interest rates amid signs of cooling prices and a weaker labor market.
Richmond Fed’s Barkin expects inflation will fall into next year, hints at slowing rate-cut pace
Richmond Fed president Tom Barkin said Friday that he expects inflation will continue to drop into next year and hinted at slowing down the pace of rate cuts.
Nigeria's inflation rate rises to 33.88% in October 2024
According to the report, the figure is 1.18% points higher compared to the 32.70% recorded in September 2024. The National Bureau of Statistics (NBS), says Nigeria’s headline inflation rate increased 33.
Annual inflation rate in France rises to 1.2% in October
The inflation rate in France increased to 1.20% in October from 1.1% in September. The Consumer Price Index in France increased 0.3% in October 2024 over the previous month. ETFs: (EWQ) Currency: (EUR:USD) More on France New President,
Opinion: Trump voters said they were angry about the economy – many of them had a point
For Americans facing the steep medical costs, and for those also paying for college or child care, wage growth has not kept ...
The Productivity Tightrope: 2 Labor Force Trends That Could Slow The US Economy
Balancing labor supply & employer demand has implications for workers, families, communities, companies, & govt. Economists & ...
Hospitality jobs to increase by over 800,000 in ten years: US Department of Labor
According to the Bureau of Labor Statistics (BLS), one in eight new jobs created in the next nine years will be in the ...
ConsumerAffairs3d
The cost of housing continues to drive inflation
If not for the high cost of rent and home expenses, inflation might be a lot less. The Labor Department reports the Consumer ...
San Francisco Fed2d
A Deep Dive into the Drivers of CPI Inflation: Introducing Our New Data Page
Our new data page, CPI Inflation Contributions from Goods and Services, details the evolution of inflation using the consumer ...
Rolling Out2d
Black communities bear heaviest burden of rising grocery prices
Despite recent dips in inflation, grocery prices in the United States continue to rise, placing a significant financial ...
The Heritage Foundation11dOpinion
More Jobs, Fewer Workers: Is the Labor Market Strong or Weak?
Sometimes data can be misleading, and other times, confusing. Both appear to be true today as government data shows the ...
US Labor Costs Rise More Than Expected in Fresh Inflation Risk
US worker productivity grew less than expected in the third quarter, contributing to a firm gain in labor costs that could ...
US worker productivity rises moderately in third quarter; labor costs elevated
WASHINGTON, Nov 7 (Reuters) - U.S. worker productivity increased moderately in the third quarter, resulting in only a gradual ...