Inflation rose in December to its highest level since July with much of the increase driven by increasing energy and food prices. The Labor Department released the consumer price index (CPI ...

Months out from a federal election, the industry lobby is gearing up in opposition to the Albanese government's renewable ...

The Federal Reserve's preferred inflation gauge, known as the personal consumption expenditures index, rose in December in ...

A big chunk, more than 40%, of the monthly increase was the result of energy prices that spiked by 2.6% in December. Gasoline prices rose by 4.4% for the month. Food costs also continued to climb ...

President Trump campaigned on the promise to bring down the U.S. cost of living. That could be easier said than done.

A 3.5% November-to-December increase in energy prices — led by a 9.7% increase in gasoline prices — pushed the overall index higher. Food prices dipped 0.1% in December. Still, the overall ...

data showed prices increased 0.4% month over month and 2.9% year over year. Core CPI, which excludes volatile food and energy prices, rose 3.2% yearly, coming in lower than expected. Yahoo Finance ...

Core PCE, which excludes volatile food and energy prices, rose 0.2% for the month and increased 2.8% from a year ago, in line with estimates. Federal Reserve policymakers are focusing on the PCE ...