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Consumer prices for all items rose 6.5 percent from December 2021 to December 2022. Food prices increased 10.4 percent, reflecting an 11.8-percent increase in prices for food at home and an 8.3-percent increase in prices for food away from home. read more »
This Spotlight presents consumer price indexes for groups of households at the lowest and highest end of the income distribution for urban households to examine how different spending patterns can change measures of inflation. read more »
Measures of price change in the U.S. recently experienced the largest period of inflation since 2008. Ongoing complications of the coronavirus pandemic contributed to this. In 2021, a semiconductor shortage caused decreased production in a variety of industries. Port congestion resulted in product delivery delays and to substantial supply shortfalls, causing upward price pressure. To gain perspective on recent trends, this article turns to past periods of high inflation. read more »
The CPI and PPI mitigated the effects of the COVID-19 pandemic on their seasonally adjusted price indexes. read more »