Why is that? The consumer price index (CPI) helps answer this question, as it measures inflation, the economic phenomenon that slowly erodes the purchasing power of your hard-earned dollars.

The Consumer Price Index was forecast to rise ... which marks the fourth consecutive month of higher inflation, showed that the following items saw price increases on a month-over-month basis.

Shelter prices again were the main culprit in pushing up the inflation gauge. The category, which makes about one-third of the index weighting, increased 0.3% in April, accounting ...

The Consumer Price Index in March rose 2.4% on an annual basis, showing progress in the Federal Reserve's battle to bring down inflation to a 2% rate. The CPI was forecast to rise 2.6% last month ...

(AFP via Getty Images) The consumer price index reading for August will be one of the last major economic releases ahead of the Federal Reserve’s Sept. 17-18 policy meeting. If the inflation ...

Core CPI also rose 0.4%, below the December increase of 0.2%. Economists expected consumer prices to rise 0.3% on a monthly basis in January, and for the annual inflation rate to rise to 2.9% ...

The Personal Consumption Expenditures price index for April rose 2.1% on an annual basis, closer to the Fed’s target ...

Housing-related inflation continues to sting Economists were expecting the annual rate would slow significantly last month to 2.6% annually, according to FactSet. That’s in part due to favorable ...

The consumer price index, a wide-ranging measure of costs across the U.S. economy, ticked up a seasonally adjusted 0.2% for the month, putting the annual inflation rate at 2.8%, according to the ...