Stats SA announced on Wednesday that the inflation rate over the year to December 2024 was 3%, up from 2.9% for the year to November 2024. What does this mean and why does it matter?What is inflation?

Wednesday’s report from the Labor Department showed that the consumer price index rose 2.9 percent in December from a year ...

Wage growth increased by 3.4% after taking into account inflation, driven by strong increases in the private sector.

Fresh inflation data released Wednesday is likely to keep the Federal Reserve on pause during its next policy meeting this month, even though a new reading did show some signs of easing. On a ...

Productivity (output per person) changes gradually, so in the short-run labor supply will determine inflation-adjusted production. Excess spending will simply push inflation higher. Immigration ...

The Consumer Price Index rose 2.9 percent from a year earlier, but a measure of underlying inflation was more encouraging. Source: Bureau of Labor Statistics By The New York Times By Ben Casselman ...