The Consumer Price Index picked up by 8.6 percent, as price increases climbed at the fastest pace in more than 40 years.
Tag: Inflation (Economics)
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An ‘Ugly’ Inflation Report Upended Hopes That Price Gains Would Ease
Investors and economists had expected to see some moderation in inflation. Instead, prices accelerated again in May, delivering an unwanted surprise.
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An ‘Ugly’ Inflation Report Upended Hopes That Price Gains Would Ease
Investors and economists had expected to see some moderation in inflation. Instead, prices accelerated again in May, delivering an unwanted surprise.
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Biden to Visit Port of Los Angeles, Casting Inflation as a Global Problem
The visit to the nation’s busiest entry point for goods comes as President Biden struggles to show progress on resolving supply chain issues that are fueling inflation across the country.
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How Inflation Is Affecting Money Market Funds
At last, interest rates for money market funds have started to rise. But inflation means that in real terms, you’re still losing money.