From milk to flour to meat to eggs, these food staples have jumped up in price in the last year: NBCSPhilly
When will inflation level off?
No one knows for sure when inflation will slow, but one silver lining from Tuesday's CPI report is that the index for all items less food and energy rose 0.3% in March, following a 0.5% increase the prior month. That means costs for most items is still rising, but perhaps leveling off. introducing a 0.25% increaseBy doing so, the central bank increases the cost of borrowing money, which discourages spending, and in turn, tends to decrease inflation.
A more aggressive interest rate increase is possible at the U.S. central bank's next policy meeting in early May, Federal Reserve Bank of Chicago President Charles Evans said Monday.Sign up now:
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