Inflation in consumer prices has plummeted from a four-decade high 9.1% in June 2022. Yet despite having reached relatively low levels, it has so far remained persistently above the Fed’s 2% target.

US inflation showed scant signs of downward momentum at the start of the year, while healthy job growth undergirded the ...

WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the ...

There appears to be some welcome news on the US inflation front. Price hikes on the wholesale level were much tamer than anticipated in December, according to the latest Producer Price Index ...

WASHINGTON -- U.S. inflation accelerated last month as prices for ... expenditures from the producer price index, a measure of wholesale inflation that was released Tuesday, were mostly tame.

US wholesale inflation unexpectedly cooled in December, helped by a drop in food costs and flat services prices that may help temper concerns of lingering price pressures. The producer price index ...

The latest inflation data has nudged the US economy back onto a path that points ... Headline inflation accelerated as expected in December, while core inflation, which strips out more volatile ...

In the 12 months through December, the PPI accelerated 3.3% ... chief U.S. economist at Santander US Capital Markets. Lack of progress lowering inflation back to the U.S. central bank's 2% ...