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Economy

“Inflation: Consumer prices rise 8.3% over last year in August, tanking stocks and clinching rate hikes”

“…The Consumer Price Index (CPI) in August reflected an 8.3% increase over last year and a 0.1% increase over the prior month, the Bureau of Labor Statistics reported Tuesday. Economists had expected prices to rise 8.1% over last year and fall 0.1%… Continue Reading…

Economy

“Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs”

“…The consumer price index, a broad-based measure of prices for goods and services, increased 8.3% from a year ago, higher than the Dow Jones estimate for an 8.1% gain. That represented a slight ease from March’s peak but was still close… Continue Reading…

Economy

“Inflation barreled ahead at 8.3% in April from a year ago, remaining near 40-year highs”

“The consumer price index accelerated 8.3% in April, more than the 8.1% estimate and near the highest level in more than 40 years. Core CPI, which excludes food and energy, also was higher than expected, rising 6.2%. Shelter costs, which… Continue Reading…

Economy

“Producer inflation accelerated in August, as wholesale prices rose record 8.3% from a year ago”

“The producer price index rose 0.7% for the month, above the 0.6% Dow Jones estimate, though below the 1% increase in July. On a year-over-year basis, the gauge rose 8.3%, which is the biggest annual increase since records have been… Continue Reading…