consumer price index

Consumer Spending Dips as Shoppers Prioritize Essentials
Consumer Spending Dips as Shoppers Prioritize Essentials
March 15, 2023  |  Economy

Spending among U.S. consumers fell last month as shoppers focused on their basic needs. Numbers released Wednesday (March 15) by the Commerce Department showed sales...

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Grocers Fight Back as More Grocery Spend Moves Online
Grocers Fight Back as More Grocery Spend Moves Online
March 14, 2023  |  Retail

February Consumer Price Index numbers demonstrate that grocers and consumers can’t catch a break. While inflation overall seems to be easing, with gasoline and major...

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Wells Fargo CFO: Economy Will Worsen As 2023 Goes On
Wells Fargo CFO: Economy Will Worsen As 2023 Goes On
February 14, 2023  |  Economy

Wells Fargo’s finance chief has a gloomy prediction for the U.S. economy. “It’s going to get worse as we go throughout the year,” said Mike Santomassimo,...

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CPI Shows Main Street Small Business Price Hikes Successful, for Now
CPI Shows Main Street Small Business Price Hikes Successful, for Now
January 12, 2023  |  Economy

Inflation data — though a cooling down is evident — shows Main Street small businesses’ price hikes are sticking. At least for now. But the...

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December Inflation Falls for 6th Month to 6.5% on Food and Energy Declines
December Inflation Falls for 6th Month to 6.5% on Food and Energy Declines
January 12, 2023  |  Economy

Falling food and fuel prices pulled the annual inflation rate to a 14-month low of 6.5%. This, as the December Consumer Price Index report from the Bureau...

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October Inflation Drop Won’t Quell Consumer Affordability Fears
October Inflation Drop Won’t Quell Consumer Affordability Fears
November 10, 2022  |  Retail

For the fourth consecutive month, inflation slowed in October and while the market reaction happened instantly, data and history suggest the consumers’ response will be...

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October Inflation Dips to 7.7% Fueling Hopes for ‘Soft Landing’
October Inflation Dips to 7.7% Fueling Hopes for ‘Soft Landing’
November 10, 2022  |  Economy

The nation’s closely watched Consumer Price Index fell to a nine-month low of 7.7% in October, as the impact of rising interest rates and weaker...

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Stubborn Inflation Continues Devouring Retail Sales as Consumers Grow Cautious 
Stubborn Inflation Continues Devouring Retail Sales as Consumers Grow Cautious 
October 14, 2022  |  Economy

People are thinking twice before opening their wallets as inflation continues to run rampant, devouring retail sales in most categories last month and aligning with...

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Core Inflation Hits 40-Year High as Consumers Weigh Spending Priorities
Core Inflation Hits 40-Year High as Consumers Weigh Spending Priorities
October 13, 2022  |  Economy

Core inflation hit its highest pace since 1982 in September, with more people living paycheck to paycheck and struggling to stay on top of bills....

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