The Consumer Price Index soared to 9.1 percent, a bigger-than-expected increase and the highest since 1981.
As the central bank sharply increases borrowing costs, it could lock would-be home buyers into rentals and keep a hot market under pressure.
The Federal Reserve is trying to cool down the economy to bring inflation under control, but the job market is still going strong.
Central bankers raised rates by the most since 1994 last month, and minutes from the gathering explained their logic.
The selling was fueled by persistently high inflation and fears that the Fed’s efforts to tame it with higher interest rates will choke growth.
Central bankers raised interest rates by three-quarters of a percentage point, and signaled that they expect rates to be sharply higher by the end of the year.
The Federal Reserve has the tools that it needs. Now it should use them.
Inflation is a tricky problem, but it has a few clear causes and consequences, and policymakers are working to bring it to heel.
The Consumer Price Index picked up by 8.6 percent, as price increases climbed at the fastest pace in more than 40 years.
Investors and economists had expected to see some moderation in inflation. Instead, prices accelerated again in May, delivering an unwanted surprise.
Voters blame presidents for things they can’t control.
As prices soar, some critics are raising doubts about the official inflation figures. But many economists say the figures are an accurate snapshot of rising prices.
Our columnist is responding to readers’ questions. This week, he focuses on inflation, with the help of a bond maven and a Nobel laureate.
Inflation data showed a slowdown in annual price increases in April, but a closely watched monthly price measure continues to rise at an uncomfortably brisk rate.
Germany saw consumer prices rise 7.8 percent in April, as compared with a year ago, driven by high food and energy prices pushed up by the war in Ukraine.
The cost of a daily routine — travel, coffee, food — is far pricier than it was when offices shut down two years ago.
Raising interest rates will pour cold water on an economy many believe is overheated — but at the risk of triggering a downturn.
Gasoline weighed heavily in the increases, while prices moderated in several categories. Some economists say the overall rate may have peaked.
The bullwhip is flicking back.
Economists are betting that supply chains for all kinds of goods will heal, shortages will ease and price gains will slow. Cars are a wild card in those forecasts.
Prices climbed at the fastest pace in four decades over the past year. While economists expect a slowdown, it has yet to materialize.
The usually sedate bond market has been unsettled by worries about inflation, the Federal Reserve’s interest rate increases and even the possibility of a recession.
American consumers already have high inflation. Because of the oil price shock and Russia’s war, the odds of a recession have increased, too.
Consumer Price Index inflation has been boosted by gas prices but also by increases across a wide variety of products and services.
The price of gasoline is climbing and the markets are adjusting to gloomier prospects as the war in Ukraine grinds on.
The White House is stopping Russian energy imports as the country wages war on Ukraine, which could push American gas prices even higher.
The national average price on Sunday was $4.009 a gallon, approaching a record set in 2008.
Minutes from the Federal Reserve’s meeting in January reflected ongoing concern about prices rising across the economy.
The latest data on consumer prices pushed yields higher, but the gap between inflation rates and bond returns remains wide.
Consumer Price Index data show that prices climbed over the past year more rapidly than economists expected. On a monthly basis, prices rose 0.6 percent.
The White House is emphasizing that inflation is worldwide. Economists say that’s true — but stimulus-spurred consumer buying is also to blame.
The Consumer Price Index increased at the fastest pace in 40 years, a new report showed.
The surge in coronavirus cases is idling workers at ports and trucking companies, while strong consumer demand continues to drive up the cost of shipping and energy.
Rent costs, a key component of inflation, surged 0.4 percent in December, putting pressure on the Federal Reserve to tamp down rising prices.
Until we know how price spikes affect the poor, we won’t see their real impact.
Easing spiking prices will take more than raising interest rates.
Maybe the real takeaway should be how little we know about where we are in this strange economic episode.
What is inflation, why is it up, and who does it hurt? A run through common questions about the ongoing price burst.
Age, region, education and income all influence what people think consumer prices will be a few years from now. And that creates a policy puzzle.
It’s better to act more aggressively now than wait and risk sparking a recession later.
The Consumer Price Index is rising sharply, a concern for Washington policymakers and a sign of the rising costs facing American households.
The data refuse to settle the big debate.
Energy prices rose by one-third in the last year, and 6.8 percent in November alone, but there are recent signs of relief.
Price gains have moved up sharply for months, but the fact that the trend is lasting and broadening has newly put policymakers on red alert.
Prices are soaring for almost everything, but a few choice gifts are even cheaper than two years ago. Or show your love by going on your family’s annual “lard run.”
Administration officials blame the Delta variant for a prolonged stretch of consumer spending on goods, rather than services, pushing up prices and creating a conundrum for the Fed.
Do what it takes to stay invested in the stock market, our columnist says. Government bonds may help, even if they look unappealing now.
With prices rising at their fastest rate in decades, people in retirement or approaching it should take extra care to protect their savings.
Why didn’t they listen?