Consumer prices news, events & figures
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Forecasters see inflation surge worsening in coming months
Top forecasters sharply raised U.S. inflation estimates, complicating the Fed’s rate outlook as recent price data show renewed pressure.
US inflation hits 3.8% as Iran war drives energy costs
US inflation rose to 3.8% in April, its fastest pace since May 2023, as energy, food and housing costs climbed amid the war in Iran.
Core inflation rose to 3.2% in March as GDP missed forecasts
Core PCE inflation climbed to 3.2% in March and first-quarter GDP grew 2%, a mix of hotter prices and softer-than-expected growth for the Fed.