The Labor Department is set to release the December consumer price index (CPI) on Tuesday, which is expected to show inflation remaining elevated above the Federal Reserve's 2% target as data ...

The consumer price index moderated again in June 2024, the Bureau of Labor Statistics said Thursday. The CPI annual inflation rate has declined to 3% from a 9.1% pandemic-era peak in 2022. Neither ...

Federal government staffing shortages from Trump administration hiring freezes have forced the Labor Department’s economic statistics arm to curtail the breadth of its data collection for one of the ...

Before they even had their morning coffee, Wall Street economists were saying they don’t trust November’s consumer inflation report that was released earlier today. That is reportedly because it was ...

The Labor Department's Office of Inspector General said it is reviewing the "challenges" that the Bureau of Labor Statistics is facing in its data-collection efforts. The probe comes in light of BLS ...

The November CPI report should not be taken seriously because the report was distorted by the record-long government shutdown, said Heather Long, chief economist at Navy Federal Credit Union.

Inflation is now a major concern in the financial environment of today. It controls headlines and affects the economy at every level. Although the most obvious sign is increasing prices, the wider ...

Overall PCE inflation was 2.3% year over year as of August 2024, with core PCE inflation at 2.7%. After soaring to 6.5% in 2022 and 3.7% in 2023, PCE inflation should post an annual average of 2.4% in ...

WASHINGTON -- The Labor Department has cut back on the inflation data it collects because of the Trump administration's government hiring freeze, raising concerns among economists about the quality of ...

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