Consumer Prices Surge Higher Than Expected, Up 8.2%
Economists had expected the index to be up 0.2 percent on a monthly basis and 8.1 percent compared with a year ago.
Economists had expected the index to be up 0.2 percent on a monthly basis and 8.1 percent compared with a year ago.
Fresh and dried vegetable prices are up 40.2 percent compared with a year ago.
A big jump in the producer price index for September shows inflation persists and is stronger than expected.
High inflation under Democrat President Joe Biden’s economy is making American consumers anxious about the affordability of basic necessities — such as housing, food, and gasoline.
Most likely voters say the rising price of groceries is impacting their motivation to vote in the upcoming midterm election — which could spell trouble for Democrats — a Convention of States Action/Trafalgar Group survey released Monday found.
It’s now becoming much clearer just how unnecessary the Biden administration’s 2021 spending spree was and why it sparked the worst inflation in decades.
The latest estimates of inflation in the first two quarters of the year show prices rose more rapidly than previously believed.
As the Halloween season approaches, pumpkin prices are expected to increase due to inflation, drought, and higher production costs.
While a lot of the commentary on inflation has centered around the idea that we may have passed peak inflation, the more relevant question is whether we have already had peak disinflation.
A majority of Americans say they are being forced to search for extra work as inflation increases the costs of living.
Surging food prices due to historic inflation is forcing American families to adjust their eating habits by choosing cheaper options.
A decline in dairy production is contributing to a surge in butter prices as American families prepare for the holiday baking season.
Fed officials have a very wide range of projections for Fed policy two years from now.
Jerome Powell took up arms against a sea of troubles on Wednesday.
Former Nevada Attorney General Adam Laxalt credited the “Biden/Cortez Masto tax and spend agenda” for “wreaking havoc on Nevada.”
More Americans are taking on credit card debt as skyrocketing inflation for basic necessities continues to burden families.
President Joe Biden keeps trying to talk America out of worrying about inflation, but it is not working. One of the reasons Biden has been so ineffective is that he has repeatedly made statement that conflict with the reality Americans
The pageant that played out on the law of the White House on Tuesday may be destined to be the emblematic scene of Joe Biden’s presidency.
the Biden administration and its cheerleaders in the establishment media have consistently treated inflation as an aberration that was likely to fade real soon now.
Median and trimmed mean CPI came in much hotter in August.
In reality, inflation unexpectedly accelerated in August to show prices rising once again.
The Fed chairman’s responses to a Cato Institute Q&A appeared to confirm that the Fed is planning a jumbo 75 basis point rate hike this month.
A recent paper indicates that excess demand was the biggest driver of inflation.
The debate over the Biden administration’s student loan scheme has somehow become even stupider as the week has worn on.
Ford is reportedly raising the price of the 2023 Mustang Mach-E electric vehicle by as much as $8,000 just a few weeks after increasing the price of its planned electric pickup truck the F-150 Lightning. Although the company blames inflation, supply chain problems, and “rapidly evolving market conditions,” the price hikes come just after Joe Biden’s climate and spending bill passed including electric vehicle rebates eerily similar to Ford’s price increases.
Skyrocketing inflation is increasing the burden on American parents to raise children, according to the Brookings Institution.
A CNN Business article published Friday directs Americans to view the mild decline in gas prices as “a $100-a-month raise.”
In a recent article, Bloomberg details Bill Gates’ efforts to lobby Joe Manchin over the climate and spending bill known as the “Inflation Reduction Act” even though it won’t reduce inflation according to nonpartisan experts. Gates worked hard to ensure the passage of the bill as it would further his creepy vision of a transition to clean energy.
The Democrats named their tax and spending bill the Inflation Reduction Act, but Americans are not buying it.
More than one-third of Biden voters say the economy is already in a recession.
Also: here’s why food inflation matters more than headline or core prices.
Bidenflation is coming to Disney’s streaming customers in a big way with the price of a standard Disney+ subscription soaring nearly 40 percent. Hulu is also hiking its prices by more than 15 percent.
Ford is increasing the starting prices of its electric F-150 Lightning truck by as much as $8,500 due to “significant material cost increases and other factors.”
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.
The biggest decline in records that go back to 1948.
The public may be underestimating how hard it will be to bring down inflation.
U.S. employers added a jaw-dropping 528,000 jobs in July, far more than expected, and wages jumped higher than expected—and yet the number of people working or looking for work declined. Where is everyone?
A jobs report that would be wonderful in a low-inflation, high-growth environment is terrible in a high-inflation, low-growth economy.