price index

The 3% year-over-year increase in the consumer price index, while a full percentage point more than the Federal Reserve’s target, was one-tenth of a percentage point less than expected.

The 3% year-over-year increase in the consumer price index, while a full percentage point more than the Federal Reserve’s target, was one-tenth of a percentage point less than expected.

Inflation, meanwhile, remains sticky, even after a slightly lower-than-expected increase in the consumer price index reported on Friday during the ongoing shuttering of the government.

Friday’s consumer price index was published only because the Social Security Administration also needed the CPI report to calculate inflation-adjusted benefit payments.

The Treasury sets new rates on inflation-linked savings bonds, or I bonds, every six months based on the change in the consumer price index.