Here we go again. The Commerce Department on Wednesday said that consumer spending grew by 1.3 percent compared with September, when spending was unchanged with the prior month. Compared with a year ago, retail sales were up 8.9 percent. Total
A family in Venezuela required on average the equivalent of 28.32 months’ worth of the country’s minimum wage to be able to properly afford food during September, according to data published by the Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers (CENDAS-FVM) on Sunday.
Vulnerable House Democrats continue to make remarks in debates about being focused on inflation and the economy while “inflation continues to erase wage gains for most workers.”
Economists had expected the index to be up 0.2 percent on a monthly basis and 8.1 percent compared with a year ago.
In reality, inflation unexpectedly accelerated in August to show prices rising once again.
Economists had thought inflation would be reversing in August.
Also: here’s why food inflation matters more than headline or core prices.
Measures of underlying inflation got worse, not better, in July.
Wage gains still lag inflation but real wages did actually rise for the first time this year in July.
Nearly everywhere you look in the grocery store, food prices are still soaring.
Economists had expected inflation to fall to 8.8 percent year-over-year and for core inflation to climb to 6.1 percent.
Nearly half of the food banks in the United States are experiencing increased demand as Americans struggle under the crushing weight of inflation.
President Joe Biden told Americans inflation would be “temporary” exactly one year ago today.
The vast majority of people handling economic policy for the United States government under Biden have no business experience whatsoever.
It increasingly looks like it may take a recession to tame inflation—a recession that may already be underway.
Trump-endorsed Ohio U.S. Senate candidate J.D. Vance (R) slammed Biden’s 2020 surrogate and Ohio U.S. Senate candidate Rep. Tim Ryan (D-OH) for helping the president “decimate” the economy instead of rebuilding it.
President Biden’s inflation is a “tax on all Americans” as prices rise to a high not seen in over 40 years, Republicans said on Wednesday following the release of the Bureau of Labor Statistics’ Consumer Price Index.
Will Biden try to blame inflation in pots, pans, bedding, kitchen furniture, appliances, toilet paper, house plants, dishes, and even garbage collection on greed and Putin?
Oil prices plunged on Tuesday ahead of President Joe Biden’s first trip to the Kingdom of Saudi Arabia.
Summer heat has not brought any relief from the worst inflation since 1981.
Claim: Putin’s war against Ukraine is the biggest driver of inflation, the White House said Monday. Verdict: False.
Inflation does not look like the result of “Putin’s price hike” or even supply-chain disruptions. It is being driven by consumer demand pumped up by a legacy of stimulus–monetary and fiscal–and fueled by a red hot labor market.
There’s blood on the floor of the Mouse House throne room.
The idea that we might be headed toward a “softish landing” was probably the great victim of the April report on the Consumer Price Index.
There is likely to be a lot of discussion around the idea that March was “peak inflation” if the Consumer Price Index for April comes in as expected on Wednesday.
The one hundred and forty-eighth running of the Kentucky Derby produced an excellent reminder that markets do not always get everything right.
The April employment reports released Friday perfectly encapsulated the economic moment: everyone has a job and no one is happy about it because of inflation.
The inflation rate in Canada in March was recorded at 6.7 per cent, the highest rate of inflation in 31-years, increasing by a full percentage point over February’s figure. Inflation, or the costs of various goods in Canada, is rapidly
American families are seeing a challenging time paying energy bills as prices continue to surge while inflation soars, with no end in sight.
Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing, and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
Consumers are coping with inflation by piling debt onto their credit cards, but that debt will become more expensive when the Fed hikes interest rates to fight inflation.
Italian inflation rose to 6.7 per cent in March as the Russian invasion of Ukraine led to a surge in energy prices, marking the highest inflation the country has seen since July of 1991.
Inflation is here to stay for the foreseeable future, and the White House would like us to believe it’s all Putin’s fault.
Additional employment means more spending power. In an economy still suffering from supply constraints, that’s a recipe for higher prices.
Much worse than expected.
The seventh straight month of inflation running above five percent.
Food inflation is broad-based and sizzling hot, covering nearly everything American families buy for breakfast.
October’s inflation was much worse than expected.
The Department of Labor issued its twin inflation reports, known as the Consumer Price Index and the Producer Price Index, this week. They both showed the prices of many popular holiday gifts have shot up over the past twelve months.
American families were hit with huge price hikes throughout the grocery store aisles in September, indicating that inflationary pressures are picking up steam.
