October wholesale PPI inflation up 0.2% for annual rate of 2.4%, meeting expectations
Wholesale Producer Price Index inflation rose 0.2% in October and is up 2.4% annually, according to a Thursday report from the Bureau of Labor Statistics.
Inflation rises 2.6% in October, in line with expectations
Inflation rose slightly in October in line with economists' expectations, as the consumer price index was up 2.6% from a year ago and 0.2% compared with last month.
Inflation Picked Up in October; CPI Up 2.6% on Year
The Labor Department on Wednesday reported that consumer prices in October rose 2.6% from a year earlier. That marks a pickup in the pace of inflation from September, when prices were up 2.4% on the year.
Inflation heated up in October as expected
As expected by economic forecasters, inflation heated up in October. The consumer price index sped up as expected to a 2.6% year-over-year growth rate in October from September's rate of 2.4%. Inflation had been cooling down for most of 2024.
Inflation rises 2.6% in October after Fed starts interest rate cuts
U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
US Consumer Inflation Picks Up To 2.6% In October
US consumer inflation edged higher last month spurred by an increase in housing costs, according to government data published Wednesday, complicating the US Federal Reserve's plans to cut interest rates.
Rising US producer prices add to signs of fading disinflation
U.S. producer prices picked up in October, lifted by higher costs for services like portfolio management and hospital ...
Labor board rules Amazon can't require employees to attend anti-union meetings
The National Labor Relations Board has ruled it is illegal to force union-backing employees to attend meetings held by their ...
The Productivity Tightrope: Two Labor Force Trends That Could Slow The US Economy
Balancing labor supply & employer demand has implications for workers, families, communities, companies, & govt. Economists & ...
Opinion: Trump voters said they were angry about the economy – many of them had a point
For Americans facing the steep medical costs, and for those also paying for college or child care, wage growth has not kept ...
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A Deep Dive into the Drivers of CPI Inflation: Introducing Our New Data Page
Our new data page, CPI Inflation Contributions from Goods and Services, details the evolution of inflation using the consumer ...
Hospitality jobs to increase by over 800,000 in ten years: US Department of Labor
According to the Bureau of Labor Statistics (BLS), one in eight new jobs created in the next nine years will be in the ...
Wisconsin sees sixth straight month of record-high employment
Gov. Tony Evers and the Wisconsin Department of Workforce Development (DWD) say the new record for total employment breaks the previous record set in September and marks the sixth consecutive monthly ...
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Black communities bear heaviest burden of rising grocery prices
Despite recent dips in inflation, grocery prices in the United States continue to rise, placing a significant financial ...
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The cost of housing continues to drive inflation
If not for the high cost of rent and home expenses, inflation might be a lot less. The Labor Department reports the Consumer ...
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US inflation experienced slight uptick ahead of 2024 presidential election
ABC15 Phoenix, AZ US inflation experienced slight uptick ahead of 2024 presidential election Posted: November 14, 2024 | Last ...
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National Labor Relations Board rules ‘captive audience’ meetings unlawful
The board's ruling responds to a series of labor complaints against Amazon for engaging in union-busting tactics.