The US inflation rate in 2021 brought costs to heights not seen in 40 years but the Biden Administration is already working to bring prices back down.

WASHINGTON -- Inflation is starting to look like that unexpected - and unwanted - houseguest who just won't leave. For months, many economists had sounded a reassuring message that a spike in ...

After American workers lost thousands in buying power coming out of the pandemic, new data shows wages are starting to outpace inflation.

Mass-market retailers such as Macy’s, Target, and Dollar General have underperformed, reflecting ongoing consumer caution and ...

The Consumer Price Index rose 3% in June — the smallest advance since March 2021, which can be attributed most to lower prices at the gas pump.

Core Inflation in US at Its Lowest Since April 2021? "Grocery prices have fallen, and wages are rising faster than prices," U.S. President Joe Biden said.

The inflation rate is going to come down from this year’s blistering pace, but it’s still going to be very, very high compared to the historical norms we have been used to.” ...

US short-term inflation expectations fell in early June to a more than two-year low, helping drive consumer sentiment higher. Americans expect prices will climb at an annual rate of 3.3% over the ...

The annual inflation rate hadn't dipped below 3% since March 2021. Inflation has gently declined this summer, following a brief spike in spring. On a monthly basis, prices rose 0.2%.

Americans weighed down by fast-rising prices for three years just received more encouraging news on the inflation front.