The Bureau of Labor Statistics says consumer prices in the Phoenix metro area were up 1.6 percent in 2024, with food prices up nearly 2 percent.

The increase in the consumer price index for the 25-county region that includes Long Island was fueled in part by the cost of natural gas, electricity and housing.

Gas prices rose sharply, but investors homed in on a small decline in the core CPI.

Inflation increased by 2.9% in December 2024, marking three consecutive monthly rises. Mountain West states had the lowest ...

A CLUTCH of US Federal Reserve officials on Wednesday (Jan 15) welcomed fresh data showing a crucial gauge of consumer prices ...

In Phoenix, food away from home saw one of the more significant jumps, increasing 3.4% in the past year compared to grocery prices, which rose 0.7%. Energy prices declined overall, driven by lower gas ...

Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.

The Labor Department's inflation report for the month of December showed that food and energy prices were the primary drivers ...

U.S. stock futures were surging on Wednesday morning after the consumer-price index report showed inflation ticked up 0.4% in December, higher than the 0.3% forecast. But core inflation, which omits ...

A benign reading from the Consumer Price Index report assuaged market fears about the path of borrowing costs.

The benchmark S&P 500 ( ^GSPC) popped more than 1.8%, while the Dow Jones Industrial Average ( ^DJI) rose more than 1.6%, or ...

The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging.