US inflation increased by the most in eight months in December amid a surge in consumer spending, suggesting the Federal Reserve would probably be in no hurry to resume cutting interest rates soon.

The Federal Reserve’s preferred inflation gauge moved even higher in December, driven largely by rising energy prices as well as food. However, a closely watched measurement of underlying ...

The Federal Reserve's preferred inflation gauge showed prices rose as expected in December, and it remains above the central bank's target level amid its ongoing efforts to wrestle down inflation.

When calculating inflation figures, what is most important is the actual price levels felt by the masses, and therefore, the Department of Census and Statistics (DCS) should follow an independent ...

Climate change is coming for the American dream. We see it with the supercharged fires in California destroying so many homes. A lot of these folks had their home insurance canceled in the past year.

Treasurer Jim Chalmers says headline inflation is now at an “almost four-year low” and sits in the middle of the Reserve Bank’s target band. The headline inflation rate fell from 2.8 per ...

Not only is the country making "very meaningful, very substantial and sustained progress" against inflation, Labor has managed it without trashing the jobs market or shrinking the economy ...