US Inflation Rate Increases To 2.6%
The annual rate of the PCE index, the Federal Reserve's preferred inflation measure, increased to 4.5%. This represents the highest level since the third quarter of 2002. The rate rose from 2.9% recorded in the fourth quarter of last year. The report noted increases in durable goods, services, and gasoline prices. Gasoline prices have contributed to the increase, according to the report. Oil-driven inflation could force the Federal Reserve to continue raising interest rates, potentially worsening economic downturns. This may motivate federal governments to cut gas taxes and abandon green initiatives to improve affordability. This shift is already impacting various industries through supply chain costs. Analysts noted that while the surface percentage change seems small, the monthly acceleration is substantial.
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Sources · 7 independent
WLS-AM 890 Chicago
“it was a 4.5% increase in the annual rate of the PCE index which is the feds preferred inflation measure was the most since the 2002 third quarter”
WLS-AM 890 Chicago
“it was a 4.5% increase in the annual rate of the PCE index which is the feds preferred inflation measure”
CRI News Radio
“石油驱动的通胀可能迫使央行继续加息 加剧经济衰途... 經濟能否持續成壓 最終取決於衝突解決速度與霍爾木茲海峽通航恢復進度”
CKNW 980 Vancouver
“this really could trigger inflation in the long run because energy is baked into nearly everything we do.”
CBC Radio One
“if inflation goes from 1.9 to 2.6 on the surface, it doesn't sound like much, but put in a slightly different perspective, that's a 40% increase in the inflation rate.”
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