The 'Inflation Rate YoY' in the USA measures the percentage change in the Consumer Price Index (CPI) compared to the same month in the previous year, reflecting the rate at which prices for goods and services are rising. It is a crucial indicator for assessing the purchasing power of consumers and the overall economic health. High inflation can erode consumer purchasing power and prompt the Federal Reserve to adjust interest rates, impacting financial markets and economic growth. Monitoring this rate helps policymakers, investors, and businesses make informed decisions regarding monetary policy, investments, and pricing strategies.
The 'Inflation Rate YoY' in the USA measures the percentage change in the Consumer Price Index (CPI) compared to the same month in the previous year, reflecting the rate at which prices for goods and services are rising. It is a crucial indicator for assessing the purchasing power of consumers an...