The consumer price index can affect your next raise, and Social Security cost-of-living adjustments are tied to it.
The nature of the economic crisis resulting from the pandemic means we know little about how to deal with its aftermath.
Slowing inflation isn't as dangerous as prices dropping for a long period of time. But it's important to keep disinflation in check.
For things like groceries and gasoline, prices are actually up.
Prices of many goods are dropping as demand slows and people stay at home more. But does this mean deflation is here to stay?
How prices of many basic goods and services change usually tells us a lot about where the economy is headed.
The latest producer price index was up 0.5% in January, mostly because of higher service costs, not more expensive goods.
When prices for an item swing wildly up and down, they can drastically skew inflation measurements. A new index aims to rectify that.
It's possible that prices aren't rising much because we don't expect prices to rise much.
With the lowest unemployment rate in 50 years, wages — and prices — should be rising faster than they are.