CNN business reporter Matt Egan on Friday highlighted an “encouraging” new inflation report from the Bureau of Labor Statistics (BLS).

Key Takeaways Fed officials refrained from cutting interest rates at their most recent meeting out of concern that inflation is still running over the Fed's 2% target.The stubbornness of inflation, which hasn't run under 2% since 2021,

The United States hasn’t seen significant inflation in almost 40 years. That may change soon, thanks to a massive federal deficit, pent-up demand when quarantine restrictions are released and a shift in Federal Reserve monetary policy. Last last week ...

November CPI data shows a sharp deceleration in both headline and core inflation, with core CPI falling to 2.6% YoY, its lowest since March 2021. Disinflation was broad-based, led by food and shelter, but significant data gaps from the government shutdown ...

One term attempts to tie these threads together: “greedflation.” A blend of “greed” and “inflation,” this term suggests that rising prices weren’t inevitable — they were a choice. That corporations used the chaos of the pandemic as cover to raise prices far beyond costs, padding profits in the process. But is greedflation real?

Inflation eased its grip on the American consumer in November, with prices rising 2.7% from a year earlier, the Labor Department said in a Dec. 18 report. The annual inflation rate had crept as high as 3% in September. The slightly lower rate for ...