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The consumer price index increased 0.1% for the month of May, lower than economists' predictions, with the annual rate ...
Wednesday’s inflation data is “just another reminder of how important housing is to the economy both in terms of prices and real activity,” the Urban Institute’s Neal said. More to the poi ...
One key reason inflation is still so stubbornly high is the cost of housing. Shelter costs are driving more than 70% of inflation right now, according to the Bureau of Labor Statistics.
A new statewide poll finds Utah voters, overall, have mixed feelings about price pressures but are sharply divided along partisan lines.
Inflation has edged down, but high housing costs could spark a fresh rise in prices and keep the Fed from cutting rates, Stifel's top economist said.
Homebuyers got a boost with a slight dip in mortgage rates, but eyes will be on the Federal Reserve and any potential ...
Housing costs continued to drive inflation in May, even as the annual growth rate reached its slowest pace since March 2021. Consumer prices rose just 0.1 percent last month and are up 4 percent ...
Housing costs are the big factor keeping inflation high, according to the July CPI reading. Shelter costs posted a surprise jump, rising 0.4% compared to a 0.2% increase in June. The overall ...
Low-income households are being hit hardest by inflation because surging food and housing costs make up more of their spending, according to a study by the Federal Reserve Bank of New York.
Prominent price declines in May were in transport and communications, which fell 2.4% each, fresh vegetables which fell 0.6%, ...
Despite high inflation expectations, price pressures have steadily cooled, with May’s CPI at just 2.4%. This suggests public ...
Inflation in Dubai is likely stay at the current moderate levels, as housing costs are expected to soften over the next few ...