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Consumer Price Index

Rent inflation has been slowly cooling down for 18 months

by Justin Ho
Nov 13, 2024
While shelter costs are up from last year, according the consumer price index, other data shows rents have been falling in some metro areas.
Shelter prices rose nearly 5% in the past 12 months, according to the latest CPI report. But rents have been falling for nearly a year and a half.
Bryan R. Smith/AFP via Getty Images
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Seeing sports in person is getting more expensive

by Stephanie Hughes
Oct 10, 2024
Ticket prices rose 10.3% in the last year. The seats are plush, the resale market has grown and dynamic pricing extracts more money from fans.
Among the factors driving up average ticket prices: Stadium seats are getting more plush and resale platforms charge more than conventional purchases. Above, Wednesday's playoff game between the Mets and the Phillies.
Elsa/Getty Images
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Inflation is falling, but consumers aren't celebrating yet

by Mitchell Hartman
Oct 10, 2024
The September CPI showed inflation slowing to 2.4% annually, but consumer sentiment hasn't yet rebounded to pre-pandemic levels.
People are still feeling down about the persistence of high prices.
Joe Raedle/Getty Images
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August CPI shows inflation's sticky in services

by Justin Ho
Sep 11, 2024
Airline tickets and eating out cost more in August than July. But price gains are easing in other previously sticky industries.
Airfares rose nearly 4% from July to August, according to the consumer price index.
Megan Varner/Getty Images
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The problem of sticky inflation resides with housing, Fed's Goolsbee says

by Kai Ryssdal and Sofia Terenzio
May 15, 2024
Chicago Fed President Austan Goolsbee talks the latest CPI release and what it means for the Fed's continued fight against inflation.
Austan Goolsbee, the president and CEO of the Federal Reserve Bank of Chicago.
Chip Somodevilla via Getty Images
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Even as hourly wages outpace inflation, rising prices take a bite

by Mitchell Hartman
Mar 12, 2024
It’s been harder for lower- and middle-income households to afford higher food, rent and gas prices without getting into debt.
“We see higher wage growth since the recovery. But if people are working less, their total earnings are still less than inflation,” said ADP's Liv Wang.
Justin Sullivan/Getty Images
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Inflation ticked up to 3.4% in December. How are wages doing?

by Mitchell Hartman
Jan 11, 2024
Wage growth is slowing, and those at the top of the earnings spectrum have done better than those at the lower end.
“When wage growth was very hot, the job switchers could go get another job and get a pretty good increase," said Frank Fiorille at Paychex. "We’ve really seen that come off the boil.”
Mario Tama/Getty Images
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Airfares are down 13% over the past year, but they may be headed back up soon

by Samantha Fields
Nov 14, 2023
Fuel costs are down but may rise again soon.
Travel demand has leveled out since last summer's spike of "revenge travel." That’s forcing airlines to compete more for customers again.
Patrick T. Fallon/AFP via Getty Images
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How are health insurance costs reflected in inflation calculations?

by Meghan McCarty Carino
Nov 13, 2023
To make the CPI’s health care component more accurate, the Bureau of Labor Statistics changed how it uses health insurance data.
Rather than tracking health insurance premiums, the BLS tracks how much health insurance companies retain of the premiums they receive after paying for services.
Denisfilm/Getty Images
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Uptick in gas prices could threaten consumers' confidence

by Mitchell Hartman
Aug 10, 2023
Inflation at the pump is in the pipeline for August. It would likely show up right before the Fed’s September interest rate meeting.
The recent uptick in gas prices can largely be attributed to intense heat in oil refining areas.
Brandon Bell/Getty Images
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