Labor Department Report Shows Little Progress in Battle Against Inflation

The consumer price index will be released Wednesday morning and is expected to register increases of 0.3% both for the all-items measure as well as core.Markets have grown nervous about the state of inflation and how it will affect Fed policy.Scott Olson | Getty Images

The consumer price index, which measures costs for a wide-ranging basket of goods and services across the $27.4 trillion U.S. economy, is expected to register increases of 0.3% both for the all-items measure as well as the core yardstick that excludes volatile food and energy. But progress has been slow in the past several months. In fact, headline CPI has barely budged since the central bank stopped hiking, though core, which policymakers consider a better barometer of longer-term trends, has fallen about a percentage point.

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