Purchasing power refers to the amount of goods and services a person or entity can buy with a given amount of money. It ...

But Trump’s tariffs on Mexican and Canadian goods will add a full percentage point to CPI inflation this year, according to JPMorgan Chase.

The basket's weightings have also changed for the first time since 2019. For example, the weighting for food and non-alcoholic beverages has increased from 17% to more than 18% of the consumer price ...