Falls in the cost of petrol and air fares in May were offset by a record rate of inflation for chocolate and jumps in the price of everyday items such as coffee and cheese. The average price of ...

The Federal Reserve cut rates by 25 basis points and projects gradual reductions through 2028, with a long-term target of 3.0%. Inflation is expected to remain slightly elevated, with 2026 projections ...

Inflation fell to 2.4% in March, down 0.4 percentage points from February, according to Thursday's Bureau of Labor Statistics (BLS) Consumer Price Index report. It marks the first time since September ...