It's time for The Indicator Quiz! We test you, dear listener, on your knowledge of topics that we've covered on The Indicator! Today's quiz focuses on ch-ch-changes. (That's a David Bowie reference, kids!) We're covering changes in the economy, the environment, the rental market, you get the picture. We're even tossing in a question about an AI-resurrected rapper. Play along with us and see how you do! Are you interested in being a contestant on our next Indicator Quiz? Email us your name and phone number at indicator@npr.org and put "Indicator Quiz" in the subject line.
The latest inflation numbers are in. This month's Consumer Price Index, or the CPI, is ... well, good and bad news for renters. Shelter prices went up over the last year, but at a slower pace. Shelter makes up nearly a third of the CPI. Today's episode: Rent. Where is it high? Where is it low? What exactly is "coffee milk"? The Indicator tours the U.S. to bring you the answers.
Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.
Overall CPI in December was up 3.4% from a year ago. The cost of motor vehicle insurance rose 1.5% in December from November, marking a 20.3% increase compared to the previous year.
Consumer inflation hit 3% in June, the lowest since March 2021. Though easing prices will be comforting to the Federal Reserve, inflation is still running higher than the central bank would like.
Consumer prices in January were up 7.5% from a year ago, the biggest annual gain since 1982. That may seem like a lot for those under 40, but older folks have lived through even sharper price hikes.
Federal Reserve Chairman Jerome Powell says the economy continues its recovery, hinting the central bank could dial back its extraordinary efforts to prop up the economy later this year.
The Labor Department says consumer prices jumped 5% for the 12 months ending in May. That's the sharpest increase in nearly 13 years, as the economy rebounds from the pandemic recession.