Inflation rises nearly 3% as new data signals labor market strain
CBS America · Just In
CBS America
Just In
The latest Consumer Price Index shows prices climbed nearly 3% over the past year, raising fresh concerns about inflation pressures. Alongside the increase, new data pointed to warning signs in the labor market, highlighting challenges for the U.S. economy.
Breakdown
- Consumer prices rose nearly 3% annually, driven by basic necessities. 5s
- Monthly inflation rate was about 0.4%, with groceries and energy rising faster. 32s
- Jobless claims reached a four-year high, indicating labor market weakness. 14s
- Some goods, like girls' apparel and motor vehicle parts, saw price increases possibly linked to tariffs. 1m 8s
- The Federal Reserve faces the challenge of balancing inflation with labor market concerns. 1m 57s