The Personal Consumption Expenditures price index climbed 5 percent from a year earlier, slower than the reading last month.
Category: Prices (Fares, Fees and Rates)
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Natural Gas Shortages Hit China as Temperatures Plunge
The New York Times – Business:Local governments starved for cash after enormous spending on costly “zero Covid” measures cannot afford to keep up adequate supplies of gas.
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Emailing Your Doctor May Carry a Fee
The New York Times – Business:More hospitals and medical practices have begun charging for doctors’ responses to patient queries, depending on the level of medical advice.
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Inflation Is Cooling, Leaving America Asking: What Comes Next?
The New York Times – Business:After six months of declines, inflation seems to be turning a corner. But the road back to normal is an uncertain one.
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As Fed Nears Next Rate Decision, Its Vice Chair Cites Reasons for Hope
The New York Times – Business:Lael Brainard, the vice chair of the Federal Reserve, emphasized that non-wage causes have driven inflation in a sweeping speech.
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Procter & Gamble Sales Fall for First Time in Years as Inflation Squeezes Shoppers
The New York Times – Business:The consumer goods giant raised prices 10 percent last quarter, but a decline in sales volume led to drops in revenue and profit.
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California Sues Companies Over Insulin Prices, Joining Other States
The New York Times – Business:The state is taking action against three major drug companies and the big pharmacy benefit managers in an effort to temper costs for people with diabetes.
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U.K. Inflation Slows but Remains Stubbornly High
The New York Times – Business:Consumer prices rose 10.5 percent in December, the second consecutive monthly decline, thanks to easing gasoline and clothing prices.
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Price Gains Ease in Europe but Core Inflation Keeps Policymakers ‘Up at Night’
The New York Times – Business:Declines in overall inflation rates may bring comfort to consumers, but central bankers are still wary of drivers of persistently high prices.
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Tesla Cuts Prices Sharply as It Moves to Bolster Demand
The New York Times – Business:The price reductions in the United States will make more of the company’s electric vehicles eligible for a federal tax credit.
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Inflation Is Slowing, Good News for American Consumers and the Fed
The New York Times – Business:Consumer Price Index inflation moderated to 6.5 percent in December, helping Fed officials to lean toward slower rate moves.
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Inflation slowed last month thanks to cheaper fuel and airfares.
The New York Times – Business:The Consumer Price Index slowed, climbing 6.5 percent in December, helping Fed officials to lean toward slower rate moves.