That day, the U.S. Bureau of Labor Statistics releases the Consumer Price Index in a report that breaks down the inflation rate across various categories. It will let us look at how prices went up in different industries, ranging from energy to food to utilities and many other goods and services.
He added, “The time for moderating the pace of rate increases may come as soon as the December meeting.”, numbers showed inflationary pressure on the U.S. economy was easing. The CPI index rose 0.4 percent in October, the same as in September, and about 7.7 percent ahead of 2021 numbers. BLS reported that the core CPI, which excludes food and energy prices, increased by 0.3 percent from the previous month. The core measure dropped 6.3 percent from what was the highest in 40 years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Neighbors feud with Elon Musk's companies in Bastrop Co., east of Austin - Dallas Business JournalLongtime neighbors have described living next to companies founded by Elon Musk as something of a nightmare. They lament disruptions to precious ecological systems in what is still a rural pocket of the Austin metro, as well as a lack of transparency and perceived lies from the company. With Musk's business empire increasingly running through Central Texas, these disputes could shape how the billionaire is perceived in the region.
Source: DallasBizNews - 🏆 525. / 51 Read more »
Texas Capital creates new charitable foundation to expand philanthropic efforts - Dallas Business JournalThe Texas Capital Bank Foundation will double the finance company's commitment to community through grants and awards.
Source: DallasBizNews - 🏆 525. / 51 Read more »
On Dec. 13, economic picture gets a little clearer for all businesses - Jacksonville Business JournalAs 2022 draws to a close, things on the inflation front have started to look a little better, offering hope for the U.S. consumer watching the money they saved in the past two years dwindling fast. That's why Dec. 13 becomes important.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
On Dec. 13, economic picture gets a little clearer for all businesses - Silicon Valley Business JournalAs 2022 draws to a close, things on the inflation front have started to look a little better, offering hope for the U.S. consumer watching the money they saved in the past two years dwindling fast. That's why Dec. 13 becomes important.
Source: svbizjournal - 🏆 334. / 59 Read more »
Outside Voices: Preparing for inflection points in your business - Jacksonville Business JournalAs year changes, think of what changes might be on the horizon for your business.
Source: JaxBizJournal - 🏆 599. / 51 Read more »
Independent contractor rule could trip up small businesses - Phoenix Business JournalThe Department of Labor is planning a new rule that could have significant implications for businesses employing independent contractors. Here's what businesses need to know.
Source: phxbizjournal - 🏆 254. / 63 Read more »