by Laura Turbay | Feb 20, 2024 | Featured, Inflation
Consumer price data surprised economists with a surge in prices for services, underscoring the bumpiness of the road towards slower inflation. Prices rose 3.1% in January from a year earlier, compared to 3.3% in December, the Labor Department said Tuesday. That was...
by Jonnathan Pulla Velecela | May 10, 2023 | Inflation
Inflation is expected to slow, but barely in the Consumer Price Index report to be released on Wednesday at 8:30 am. Here are five things to keep an eye out for: April showers bring… more headaches for the Fed? Economists forecast inflation to rise 0.4 percent on a...
by Jonnathan Pulla Velecela | Apr 5, 2023 | Inflation
When Diego Zapata (49) decided to buy his 2022 Nissan Sentra, he didn’t expect it to be a bumpy ride. He was working 60 hours a week as a porter at a grocery store for most of last year, including the winter season, and thought buying a vehicle was not only going to...
by Jonnathan Pulla Velecela | Mar 21, 2023 | Inflation
Inflation slowed down slightly in February but remains stubbornly high, which could force the Federal Reserve’s hand to continue to raise interest rates to bring it down. The Consumer Price Index for February shows prices increased by 6.0 percent on a year to year...