Consumer Price Index Inflation in November 2024: Details and Outlook
In November 2024, the Consumer Price Index (CPI) in the United States rose by 0.4% compared to the previous month and by 3.2% year-over-year. This data, provided by the Bureau of Labor Statistics, met economists’ expectations, who forecasted a monthly increase of 0.4% and annual growth of 3.2%. The main factors contributing to this growth were increases in housing, food, and energy prices. This rise is part of the overall inflationary trend observed in the country in recent months.
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Inflation in the US Sees an Uptick: New CPI Data for October 2024
According to a report released by the Bureau of Labor Statistics, the Consumer Price Index (CPI) increased by 0.4% in October 2024. This rise surpassed analysts' expectations, who had forecasted a more modest increase of 0.3%. Year-on-year, the CPI grew by 3.7%, which was also higher than previously predicted. The surge in housing, food, and energy prices was the main driver of this increase.
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Inflation in the US: August 2024 Sees Significant Rise in CPI
According to the latest report from the U.S. Bureau of Labor Statistics, the Consumer Price Index (CPI) for August 2024 showed an increase of 0.6% compared to July, marking the highest value in recent months. Year-over-year inflation reached 3.7%, significantly above the Federal Reserve's target level of 2%. Key factors contributing to this rise include increased prices for food and housing.
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Core Inflation in Singapore Slows for the Second Month: July Report
In Singapore, core inflation has slowed for the second consecutive month, indicating signs of economic stabilization in the country. In July 2024, the core inflation rate, excluding housing and transportation costs, stood at 4.1% compared to the same month last year. This decline is attributed to a decrease in service and food prices, suggesting that the government's measures to control inflation are beginning to yield results.
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