What is inflation? Why consumer prices are rising
Chances are you already understand what inflation is even if you don't know the formal definition. Inflation has already affected your level of spending. You've noted that filling up your car costs a lot more. You've been shocked by spiking utility bills. And you've shaken your head at the grocery store checkout line.
Chances are you already understand what inflation is even if you don't know the formal definition. Inflation has already affected your level of spending. You've noted that filling up your car costs a lot more. You've been shocked by spiking utility bills. And you've shaken your head at the grocery store checkout line.
US inflation report: Consumer prices jumped 7.5% in past year, a 40-year high
U.S. inflation jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.
U.S. inflation jumped 7.5% last month compared with 12 months earlier, the steepest year-over-year increase since February 1982.
Democrats propose temporary suspension of federal gas tax to offset soaring prices
The Gas Prices Relief Act would eliminate the 18.4 cents per gallon fuel tax for the rest of 2022.
The Gas Prices Relief Act would eliminate the 18.4 cents per gallon fuel tax for the rest of 2022.
Spiking utility bills shock NYC residents
Some New Yorkers say their Con Edison bills have shot up by as much as 300%. Con Ed says don't blame us.
Some New Yorkers say their Con Edison bills have shot up by as much as 300%. Con Ed says don't blame us.
What is the consumer price index and how is it used to measure inflation?
The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services and is often used as a way to gauge inflation.
The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services and is often used as a way to gauge inflation.
US job growth soars past expectations with 467,000 added, shaking off omicron surge
U.S. job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.
U.S. job growth blew past expectations in January, as the economy brushed off a record-breaking surge in COVID-19 cases nationwide that threatened to sideline millions of workers and kept many consumers at home.
Starbucks to raise menu prices to offset inflation
The Seattle-based coffee franchise had already raised prices — once in October 2021 and December 2021 — but inflation woes and labor issues have forced the company to hike prices once again.
The Seattle-based coffee franchise had already raised prices — once in October 2021 and December 2021 — but inflation woes and labor issues have forced the company to hike prices once again.
National debt tops $30 trillion
Treasury Department data shows new milestone as government spending continues to soar
Treasury Department data shows new milestone as government spending continues to soar
Valentine's Day 2022: Spending expected to near $24B
More than half of U.S. consumers are planning to celebrate Valentine's Day despite rising inflation.
More than half of U.S. consumers are planning to celebrate Valentine's Day despite rising inflation.
US economy showed 5.7% growth last year, rebounding from 2020 recession
The American economy bounced back last year with resilience from 2020′s brief but devastating coronavirus recession.
The American economy bounced back last year with resilience from 2020′s brief but devastating coronavirus recession.
Federal Reserve plans to raise interest rates as soon as March
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
Unemployment claims climb to 286,000, the most since October
Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.
Jobless claims rose for the third straight week — by 55,000 to 286,000, highest since mid-October, the Labor Department reported Thursday.
Gas prices in U.S. could hit $4 this year
The United States is in a lull period now but high prices return sometimes this spring, with some areas seeing $4 per gallon.
The United States is in a lull period now but high prices return sometimes this spring, with some areas seeing $4 per gallon.
Retail sales drop 1.9% in December following early holiday rush
Americans sharply cut their spending in December after a burst of early spending in the fall that helped bolster the holiday season.
Americans sharply cut their spending in December after a burst of early spending in the fall that helped bolster the holiday season.
Inflation surges in December to highest rate since 1982
Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America's households.
Prices paid by U.S. consumers jumped 7% in December from a year earlier, the highest inflation rate since 1982 and the latest evidence that rising costs for food, rent and other necessities are heightening the financial pressures on America's households.
Arizona CEO's answer to 'Great Resignation' is offering $5K bonuses for new hires to quit
Chris Ronzio, CEO of software company Trainual, is offering a $5,000 bonus for new hires to quit after just two weeks into their new jobs.
Chris Ronzio, CEO of software company Trainual, is offering a $5,000 bonus for new hires to quit after just two weeks into their new jobs.
Seafood inflation means a pricier Feast of the Seven Fishes
Fish markets such as Syosset Seafood have had to raise prices this year to reflect higher costs from suppliers. That means some families are scaling back their holiday meals.
Fish markets such as Syosset Seafood have had to raise prices this year to reflect higher costs from suppliers. That means some families are scaling back their holiday meals.
Inflation and labor shortage hit Long Island restaurants
U.S. consumer inflation is up 6.8% from 2020 — the highest it's been in nearly 40 years. That has left restaurant owners no choice but to raise their prices.
U.S. consumer inflation is up 6.8% from 2020 — the highest it's been in nearly 40 years. That has left restaurant owners no choice but to raise their prices.
Debt ceiling: Biden signs fast-track plan to prevent default
The Senate approved a bill that will clear the way for Congress to raise the debt ceiling with a simple-majority vote before the projected Dec. 15 deadline.
The Senate approved a bill that will clear the way for Congress to raise the debt ceiling with a simple-majority vote before the projected Dec. 15 deadline.
US consumer inflation rate up 6.8% in past year, highest since 1982
Prices for U.S. consumers jumped 6.8% in November compared with a year earlier, the highest annual inflation rate in 39 years.
Prices for U.S. consumers jumped 6.8% in November compared with a year earlier, the highest annual inflation rate in 39 years.