Consumer Prices

New data show inflation rising at fastest pace in 40 years under Biden admin.

Inflation numbers due to be released later Friday by the U.S. Bureau of Labor Statistics (BLS) are expected to show consumer prices rising at their fastest pace since 1982, with investors bracing for what could be a market-moving data drop.

U.S. unit labor costs rose sharply in the third quarter, while productivity declined at its fastest pace since 1960, adding to signs of persistently high inflation.

Slapped on a gas pump next to the digital meter display, the stickers tell a simple, powerful story: Today’s gasoline prices, the highest in years, are courtesy of the commander in chief.

Inflation outstripped forecasts and surged above 4 per cent last month to hit its highest level in almost a decade as spiralling energy prices pushed up the cost of living.

Climb in the haven asset accompanies other signs that investors are starting to seek more protection from rising consumer prices and interest rates.

Biden says taming inflation is ‘top priority’ as soaring energy costs help drive 6.2% increase.

Mainstream news piece tells Americans they shouldn't be "afraid" of 30-year high consumer prices.

Some investors think the Federal Reserve will be forced to swiftly raise rates next year to rein in inflation and keep the economy stable

Strong consumer demand and supply shortages test economy with rapid uptick in inflation