As of late May 2024, inflation in the United States is moderating but still higher than the Federal Reserve’s long-term target of 2%. The Consumer Price Index (CPI) for April 2024 showed an annual increase of 3.4%, down from higher rates seen in previous years but still impacting consumer prices noticeably (Bureau of Labor Statistics) […]
Inflation, gas, and food prices all continued to rise in the United States on August 10, 2023. The Consumer Price Index (CPI), which measures inflation, rose 8.6% in the year ending in June, the highest rate since 1981. Gas prices averaged $4.72 per gallon, up 56% from a year ago. And food prices rose 10.4%, […]
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