Still higher, at 5 percent, than the Federal Reserve target. The Bureau of Labor Statistics reported last week that inflation decreased one percentage point in March, ending at…
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January Inflation Higher Than Expected
Labor Department reports inflation now at a 6.5 percent annual rate. The U.S. Department of Labor released its January consumer price index Tuesday which reflected a half percentage…
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U.S. Inflation Slowed in November
Dropped more than half a percent from October. The Consumer Price Index released this week shows inflation slowed in November, providing hope that interest rates and prices may…
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Thanksgiving Dinner Costs 20 Percent More in 2022
American Farm Bureau tallies the rise in price due to inflation. The traditional Thanksgiving meal with all the fixings will cost 20 percent more this year than a…
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Social Security Payments to Increase by 8.7% in 2023
The additional amount averages $140 per month. The Social Security Administration announced that Social Security benefit payments will be increasing by 8.7 percent in 2023. This will raise…
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Inflation Outpaces Wage Increases
Dallas federal reserve bank and labor data shows disparity. Purchasing power in the U.S. is experiencing further shrinkage despite higher wages. The Federal Reserve Bank of Dallas has…
Read MoreInflation Higher Than Expected in September
President acknowledges the possibility of a “slight” recession. The Bureau of Labor Statistics released a report on Wednesday showing that inflation, as measured by producer wholesale prices, was…
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Average Price for Gasoline Below $4
Inflation expectations are also diminishing. On Thursday, AAA posted the national average price of a gallon of regular gas at $3.990, dropping under $4 for the first time…
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Inflation Eased Slightly in July
The costs of energy and gasoline declined. The Labor Department issued its Consumer Price Index measure for July on Wednesday that showed the pace of price increases slowing…
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Keep China Tariffs, Senators Urge President
Removing tariffs under administration consideration. A group of nine senators has urged President Biden to “substantially maintain” tariffs on Chinese imports that were put in place by former…
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