consumer price

Inflation pushes U.S. household spending up $433 per month on average, Moody's says

Inflation pushes U.S. household spending up $433 per month on average, Moody’s says

People shop at a grocery store on June 10, 2022 in New York City. Spencer Platt | Getty Images The average U.S. household is spending $433 more per month on the same goods and services than a year ago, according to Moody’s Analytics analysis of October inflation data. Although down slightly from the monthly figure …

Inflation pushes U.S. household spending up $433 per month on average, Moody’s says Read More »

Mortgage rates fall for the second week in a row |  CNN Business

Mortgage rates fall for the second week in a row | CNN Business

Mortgage rates fell again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending Nov. 23, down from 6.61% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, boosted …

Mortgage rates fall for the second week in a row | CNN Business Read More »

Mortgage rates fall for the second week in a row |  CNN Business

Mortgage rates fall for the second week in a row | CNN Business

Mortgage rates fell again this week, after plunging nearly half a percentage point last week. The 30-year fixed-rate mortgage averaged 6.58% in the week ending Nov. 23, down from 6.61% the previous week, according to Freddie Mac. A year ago, the 30-year fixed rate was 3.10%. Mortgage rates have risen for most of 2022, boosted …

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Chicken prices are finally starting to come down.  You can thank busy roosters |  CNN Business

Chicken prices are finally starting to come down. You can thank busy roosters | CNN Business

New York CNN Business — Over the past year, while some meat prices have fallen, chicken prices have remained stubbornly high. High demand, supply issues and even breeding issues with underperforming roosters kept the pressure on. The supply shortage has even prompted some restaurants, like Wingstop, to experiment with less popular items like thighs. But …

Chicken prices are finally starting to come down. You can thank busy roosters | CNN Business Read More »

Mortgage rates plunge, biggest weekly drop since 1981 |  CNN Business

Mortgage rates plunge, biggest weekly drop since 1981 | CNN Business

Editor’s note: Freddie Mac, which has tracked weekly average mortgage rates since 1971 and has periodically made changes to its primary mortgage market survey, changed the source of its data effective November 17, 2022. Instead of surveying lenders, weekly results will be based on applications received from lenders that are submitted to Freddie Mac. Learn …

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Retail sales jumped 1.3% in October as consumers continued to spend despite inflation |  CNN Business

Retail sales jumped 1.3% in October as consumers continued to spend despite inflation | CNN Business

Minneapolis CNN Business — US shoppers spent more in October, showing continued resilience amid still-high inflation and an early start to the holiday shopping season. US retail sales rose 1.3% in October, the Census Bureau reported Wednesday. It’s the biggest monthly gain since February and better than 1% economists had expected. consumer spending was flat …

Retail sales jumped 1.3% in October as consumers continued to spend despite inflation | CNN Business Read More »