The Personal Consumption Expenditures price index climbed 5 percent from a year earlier, slower than the reading last month.
Tag: Inflation (Economics)
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Elon Musk Meets With House Speaker Kevin McCarthy
Elon Musk, the billionaire owner of Twitter, met with House Speaker Kevin McCarthy, stoking speculation about what the two had discussed.
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U.S. Economy Grew at 2.9% Annual Rate in Fourth Quarter
The continued growth in the fourth quarter showed the resilience of consumers and businesses in the face of rising inflation and interest rates.
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In U.K. Cost-of-Living Crisis, Some Workers Struggle to Feed Children
As inflation hits the pockets of families who already had little to spare, food banks say they are getting much busier and seeing more people with jobs.
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In Egypt, Eggs Are Becoming a Luxury and Lenders Are Setting Terms
After months of punishing inflation and a plummeting currency value, Egyptians are growing louder about an economic crisis. In exchange for a bailout, the I.M.F. is imposing stern conditions on the government.