See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

No, US inflation is not speeding up again

Posted on AllSides September 13th, 2023
From The Center
Sarah Silbiger (Reuters)

Whenever the annual Consumer Price Index (CPI) rises, there are always headlines about how inflation has increased. This may sound like the Federal Reserve’s efforts are being undone and that inflation is reaccelerating, but the 12-month average of the overall CPI measure doesn’t tell the whole story.

The CPI rose by 0.6% from July to August. From August 2022 to August 2023, it rose 3.7%. This is higher than the year-over-year reading of 3.2% that CPI registered for the 12 months ending in July 2023. The overall report was boosted...

Read full story
Some content from this outlet may be limited or behind a paywall.

AllSides Picks

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right