Policymakers cling to a 1970s consumer-price index formula that overstates cost increases and drives up automatic spending.
Consumer prices rose 0.4% last month after increasing 0.2% in July, the largest increase in seven months. The Consumer Price Index, released by the Bureau of Labor Statistics, is a common measure of ...
Inflation edged up 0.3% in September, driven largely by higher gasoline prices Annual inflation rate now stands at 3.0%, up ...