The rising cost of living doesn’t hit all Americans equally. Yet the benchmark figure for charting the rising cost of living excludes people in rural areas.
Articles on Consumer price index (CPI)
Displaying 61 - 80 of 123 articles
A drop in gas prices helped tame inflation in December 2022. But grocery prices and housing costs continued to rise.
For homebuyers, there’s no interest rate relief in sight just yet. Here’s why.
Despite the highest inflation rates in 40 years, Apple chose not to raise prices on its gadgets. More bizarre, the consumer price index suggests smartphones are 20% cheaper than a year ago.
Inflation remained near a 40-year high due to a jump in the cost of food and shelter. But that might not mean the Federal Reserve will get more aggressive when it comes to monetary policy.
The Bank of Canada’s expansionary monetary policy in 2021 is an important source of the high inflation we are experiencing today.
An economist provides insight into how inflation is measured, where it comes from and how it is impacting Canadians and the economy at large.
Monthly figures mightn’t be more accurate, and they will often be misleading.
Asked how high an inflation rate Australia should prepare to tolerate, three of the 48 economists nominated 8% or higher. Seven expected inflation to fall without the need for further action.
Never, in the three decades the Reserve Bank has been targeting inflation, has it been tested by prices rising in unison like this.
Inflation has hit 6.1%, and the rate of inflation on necessities is 7.6%. Bringing it down will require still higher interest rates and exquisite judgement in order to avoid a recession.
Soaring inflation in the US has been driven in part by large increases in the price of groceries – a burden that falls disproportionately on lower-income families.
The rich history of UK consumer culture has been captured in the composition of the ‘basket of goods’ used to measure inflation.
A bigger-than-expected jump in inflation means the Fed may have to get more aggressive about interest rate hikes. An obscure economic indicator suggests it has room to do so.
Lower real living standards now represent the price of being in paid work.
The buying power of wages began slipping mid last year year. The wages share of national income has been sliding since 2016.
Why raise rates now, for the first time in more than a decade? If the Reserve Bank isn’t careful, too many more rate hikes like this might help bring on a recession.
The best way to manage the economy is though an array of tools. Interest rates are just one.
Inflation is well outside the Reserve Bank’s target band and higher than it has been for two decades.
Of the news on prices, wages, interest rates and unemployment, only the unemployment update looks set to be positive for the Coalition.
Top contributors
-
Senior lecturer, Canberra School of Government, University of Canberra
-
Visiting Fellow, Crawford School of Public Policy, Australian National University
-
Associate Professor, School of Economics, University of Sydney
-
Scientia Professor of Economics, UNSW
-
Assistant Professor of Economics, Clark University
-
Professor of Economics, University of Nebraska Omaha
-
Professor of Finance, North Carolina State University
-
Professor of Finance and Fred T. Tattersall Excellence in Finance Research Chair, West Virginia University
-
Lecturer in Economics, Monash University
-
Associate Professor of Business, Boston University
-
Associate Professor of Economics, Pace University
-
Professor of Economics, University of Canberra
-
Professorial Fellow, University of Canberra
-
Teaching Focused Lecturer in Econometrics, University of Manchester
-
Professor, Crawford School of Public Policy, Australian National University