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United States Inflation RateThe inflation rate in United States was last reported at 2.9 percent in January of 2012. From 1914 until 2010, the average inflation rate in United States was 3.38 percent reaching an historical high of 23.70 percent in June of 1920 and a record low of -15.80 percent in June of 1921. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: United States Inflation Rate chart, historical data and news.
U.S. Annual Inflation Rate Down to 2.9% in January
Published on 2/17/2012 7:16:50 PM
| By TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9 percent before seasonal adjustment
The indexes for food, energy, and all items less food and energy all rose in January, each increasing 0.2 percent. Within the food group, the index for food away from home increased while the index for food at home was unchanged; within the energy group the gasoline index increased while the index for household energy declined.
Within all items less food and energy, the apparel index rose sharply, and the indexes for shelter, recreation, medical care, and tobacco increased as well. The indexes for used cars and trucks and for airline fares both declined, while the new vehicles index was unchanged.
The all items index has risen 2.9 percent over the last 12 months, a slight decrease from last month's 3.0 percent figure. The index for energy has risen 6.1 percent over the last year and the food index 4.4 percent; both figures are slight declines from last month. The index for all items less food and energy has risen 2.3 percent, its largest 12-month increase since September 2008.
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United States News
U.S. Annual Inflation Rate Down to 2.9% in January
Published: 2/17/2012 7:16:50 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 2.9 percent before seasonal adjustment
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U.S. Trade Deficit Widens in December
Published: 2/10/2012 1:38:25 PM
By: TradingEconomics.com, U.S. Department of Commerce
Total December exports of $178.8 billion and imports of $227.6 billion resulted in a goods and services deficit of $48.8 billion, up from $47.1 billion in November, revised.
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U.S. Jobless Rate Down to 8.3%, Nonfarm Payrolls Up by 243K
Published: 2/3/2012 1:40:28 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
Total U.S. nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics Total U.S.nonfarm payroll employment rose by 243,000 in January, and the unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor Statistics reported on February 3rd. Job growth was widespread in the private sector, with large employment gains in professional and business services, leisure and hospitality, and manufacturing.
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U.S. Economy Expands 2.8% in Q4
Published: 1/27/2012 5:44:01 PM
By: TradingEconomics.com, Bureau of Economic Analysis
U.S.real gross domestic product increased at an annual rate of 2.8 percent in the fourth quarter of 2011 (that is, from the third quarter to the fourth quarter), according to the "advance" estimate released by the Bureau of Economic Analysis.
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U.S. Fed Said No Rate Hikes Until at Least Late 2014
Published: 1/25/2012 5:50:33 PM
By: TradingEconomics.com, Fed
The U.S. Federal Reserve on Wednesday said it will not raise interest rates until at least late 2014, even later than investors expected, in an effort to support a sluggish economic recovery.
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U.S.Annual Inflation Down to 3% in December
Published: 1/19/2012 6:42:11 PM
By: TradingEconomics.com, U.S. Bureau of Labor Statistics
Over the last 12 months, Consumer Price Index for All Urban Consumers (CPI-U)increased 3.0 percent before seasonal adjustment.It was unchanged in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on January 19th.
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U.S. Trade Deficit Widens in November
Published: 1/13/2012 3:48:56 PM
By: TradingEconomics.com, the Department of Commerce
November exports of $177.8 billion and imports of $225.6 billion resulted in a goods and services deficit of $47.8 billion, up from $43.3 billion in October, revised.
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Unemployment Rate Falls to 8.5 percent
Published: 1/6/2012 1:49:00 PM
By: U.S. Bureau of Labor Statistics
Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate, at 8.5 percent, continued to trend down, the U.S. Bureau of Labor Statistics reported. Job gains occurred in transportation and warehousing, retail trade, manufacturing, health care, and mining.
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U.S. GDP Revised Down to 1.8% in Q3
Published: 12/22/2011 1:36:38 PM
By: TradingEconomics.com, US Bureau of Economic Analysis
U.S. real gross domestic product increased at an annual rate of 1.8 percent in the third quarter of 2011 (that is, from the second quarter to the third quarter), according to the "third" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.3 percent.
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U.S. Annual Inflation Down to 3.4% in November
Published: 12/16/2011 1:37:34 PM
By: TradingEconomics.com, US Bureau of Labor Statistics
The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in November on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported on December 16th. Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment.
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Inflation Rate Definition
In mainstream economics, the word “inflation” refers to a general rise in prices
measured against a standard level of purchasing power. Previously the term was used
to refer to an increase in the money supply, which is now referred to as expansionary
monetary policy or monetary inflation. Inflation is measured by comparing two sets
of goods at two points in time, and computing the increase in cost not reflected
by an increase in quality. There are, therefore, many measures of inflation depending
on the specific circumstances.
The most well known are the CPI which measures consumer prices, and the GDP deflator,
which measures inflation in the whole of the domestic economy.The prevailing view
in mainstream economics is that inflation is caused by the interaction of the supply
of money with output and interest rates. Mainstream economist views can be broadly
divided into two camps: the "monetarists" who believe that monetary effects dominate
all others in setting the rate of inflation, and the "Keynesians" who believe that
the interaction of money, interest and output dominate over other effects. Other
theories, such as those of the Austrian school of economics, believe that an inflation
of overall prices is a result from an increase in the supply of money by central
banking authorities.
Related concepts include: deflation, a general falling level of prices; disinflation,
the reduction of the rate of inflation; hyper-inflation, an out-of-control inflationary
spiral; stagflation, a combination of inflation and poor economic growth; and reflation,
which is an attempt to raise prices to counteract deflationary pressures(source: wikipedia).
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