In July, the cost of goods at the wholesale level in the U. S. shot up more than expected. This jump, the biggest in over three years, is partly due to the new taxes on imported goods. These taxes, put in place by the current administration, are making it more expensive for businesses to buy products from other countries. Interestingly, producers are currently absor...
Crypto markets saw a boost on Tuesday after the latest U. S. inflation numbers came in lower than expected. The Consumer Price Index (CPI), which measures the cost of everyday goods and services, rose by 2. 7% over the past year. This was a bit less than economists were predicting, showing that inflation is starting to cool down. Bitcoin and Ethereum, two of the big...
The latest inflation report from the US shows a confusing mix of numbers. On one hand, the cost of goods is going up. On the other hand, people are spending less on travel. This is a big deal because it shows how the trade war is affecting the economy. The report looks at how much businesses pay for goods and services. It's called the Producer Price Index, or PPI. I...
Prices in the US are going up. In June, the cost of living rose by 0. 3%, making the yearly increase hit 2. 7%. This is the highest it's been in four months. Experts expected this rise, especially because gas prices went up. But it's not just gas. Other goods are getting more expensive too, thanks to tariffs. Tariffs are taxes on imports. President Trump has been pu...
The latest numbers on inflation in the US show that prices are still going up, but not as fast as some people thought. The Personal Consumption Expenditures (PCE) Price Index, which is a big deal for the Federal Reserve, went up by 2. 3% in May. That's a tiny bit higher than the month before, but it's not a huge jump. The core PCE, which leaves out food and energy p...
The price hikes that many expected due to recent tariffs have not yet materialized in a big way. This is good news for shoppers and the overall economy. The Consumer Price Index, a key measure of inflation, showed a modest increase in May. It rose by 2. 4 percent compared to the same month last year. This is just a slight uptick from April's 2. 3 percent annual incre...
In April, the U. S. saw a slight dip in inflation rates. This is a brief calm before the storm. Why? Because trade tensions are about to heat up. The government and the Federal Reserve have been working hard to keep inflation at a steady 2 percent since the pandemic. They finally saw some relief in April. But don't get too comfortable. Experts predict that prices wil...
The US economy is facing some significant shifts, and it's all thanks to recent trade policies. Before diving into the details, it's important to understand that the Producer Price Index (PPI) is a key indicator of inflation. It measures the average change in prices received by producers of goods and services. This index can give economists a sneak peek into future r...
The latest numbers show that prices in the U. S. went down last month, with a big drop in gas, flights, and hotel stays. This is a sign that the rate at which prices are going up is slowing down. The overall increase in prices was 2. 4% in March compared to the same month last year. This is lower than the 2. 8% increase seen in February and the smallest rise since Se...
Inflation is on the rise, and it's hitting your wallet where it hurts the most. Prices for groceries, gasoline, and rents have all gone up, making life tougher for families and businesses. This news comes from the latest report from the government, which shows that prices have increased by 3% in January compared to the same time last year. This is a jump from the 2. ...