inflation

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Inflation Reaches 'Frighteningly High' Level

CPI hits annual rate of 6.8% in November, highest in 39 years

(Newser) - Last month's inflation report showed it was the worst in three decades. This month's? The worst in four decades, reports the Wall Street Journal . The Labor Department said Friday that the Consumer Price Index—which this year may have surpassed the monthly jobs report in significance—hit an...

10th of Every Month Is Now a Huge Political Day
10th of Every Month
Is Now a Huge Political Day
the rundown
Dec 9, 2021 12:05 PM CST

10th of Every Month Is Now a Huge Political Day

All eyes are on the once-boring monthly inflation report

(Newser) - The first Friday of each month used to be the big day in terms of financial data, because that's when the new unemployment figures are released. As Axios reports, that has changed this year. The new big day: the 10th of every month, when the consumer price index comes...

Holiday Shoppers May Not Like Goldman Sachs' Forecast

Inflation expected to get worse through the winter before settling down next year

(Newser) - Goldman Sachs is out with its economic forecast for the coming year, and it may not please people hoping for a quick end to surging prices before the holiday shopping season. Highlights:
  • Inflation: "The current inflation surge will get worse this winter before it gets better," says the
...

White House Ditches Its Favorite Word About Inflation


White House
Ditches Its
Favorite Word
About Inflation
the rundown
Nov 11, 2021 10:40 AM CST

White House Ditches Its Favorite Word About Inflation

Biden and officials no longer downplaying rise in prices as 'transitory'

(Newser) - For months, the White House downplayed concerns about inflation by describing the steep rise in prices as "transitory"—just a temporary blip related to the pandemic recovery. But as Kevin Liptak writes in a CNN analysis, President Biden didn't use the term Wednesday when discussing the news...

Inflation Report Roils Bond Markets
Inflation Report
Hits Markets Hard
MARKETS
Nov 10, 2021 3:39 PM CST

Inflation Report Hits Markets Hard

Dow dropped 240 points

(Newser) - An eye-opening report on inflation that was hotter than expected slammed into the bond market on Wednesday, sending yields jumping, and helping knock stocks lower, the AP reports. The sharpest inflation since 1990 forced investors to boost bets that the Federal Reserve will have to raise short-term interest rates more...

Uncomfortable News: Inflation Hit a 30-Year High in October

It rose at a 6.2% annual rate

(Newser) - Prices for US consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas, and housing left Americans grappling with the highest inflation rate since 1990. The year-over-year increase in the consumer price index exceeded the 5.4% rise in September, the Labor Department...

Got Milk Controversy? CNN Does
Got Milk Controversy?
CNN Does
THE RUNDOWN
Nov 5, 2021 12:09 PM CDT

Got Milk Controversy? CNN Does

A Texas family's milk consumption was featured in a news segment on inflation; backlash followed

(Newser) - The US economy continues to be a hot topic, especially as we head toward another winter still wrangling with COVID, and a CNN report this week tried to get to the heart of "how badly inflation is hitting the middle class." The five-minute segment intro'd by commentator...

Fed Now Expects Inflation to Linger

Central bank is going to start dialing back economic aid

(Newser) - The Federal Reserve will begin dialing back the extraordinary economic aid it's provided since the pandemic erupted last year, a response to high inflation that now looks likely to persist longer than it did just a few months ago . In a statement Wednesday after its latest policy meeting, the...

With Some Attractions Closed, Disneyland Raises Prices

Park stands to make money even if attendance briefly dips

(Newser) - If you want to go to the happiest place on Earth, be prepared to spend a lot of money. And no, we aren’t talking about Finland . Disneyland introduced tiered pricing, raising the cost of a ticket on high-demand days, in 2016. And it raised prices on all five tiers...

This Might Be the Most Expensive Thanksgiving Ever

Supply issues, labor shortages are driving up prices of many ingredients

(Newser) - The American Farm Bureau says the average cost of preparing a Thanksgiving dinner fell to its lowest level in a decade last year—but 2021 is a very different story. Price hikes on numerous items for a variety of reasons are set to make this year's Thanksgiving feast the...

Big COLA Announcement Expected Early Wednesday

Increase could be biggest in decades

(Newser) - Rising inflation is expected to lead to a sizeable increase in Social Security's annual cost-of-living adjustment, or COLA, for 2022. Exactly how much will be revealed Wednesday morning after a Labor Department report on inflation during September, a data point used in the final calculation. Over the last 10...

Stocks Slip as Investors Await Inflation Data
Stocks Slip as Investors
Await Inflation Data
MARKETS
Oct 12, 2021 3:46 PM CDT

Stocks Slip as Investors Await Inflation Data

Labor Department releases 2 big updates this week

(Newser) - Stocks ended an up-and-down day mostly lower on Wall Street as traders wait for more data on inflation and corporate earnings this week. The S&P 500, the Dow Jones Industrial Average, and the Nasdaq fell. Small-company stocks ended higher. A mix of retailers and other companies that rely on...

Inflation Forces Dollar Tree to 'Break the Buck'

Some items will now be $1.25 or $1.50

(Newser) - While the company isn't planning to change its name to "$1.50 Tree," Dollar Tree has heeded calls from investors to "break the buck" and raise prices for some items. Since its founding in 1986, when $1 was the equivalent of around $2.50 today, the...

Markets Slump Despite Good News on Inflation
Markets Slump Despite
Good News on Inflation
MARKETS
Sep 14, 2021 3:43 PM CDT

Markets Slump Despite Good News on Inflation

Dow dropped 292 points

(Newser) - Stocks went back to falling on Wall Street Tuesday after a blip higher the day before, giving the S&P 500 its sixth loss in the last seven trading days. The benchmark index lost 0.6%. The market had started higher after the latest data on inflation came in better...

What July's Inflation Numbers Suggest Is Coming

Consumer prices are up, but at the slowest pace since February

(Newser) - Prices for US consumers rose last month, but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation's households. The key numbers from Wednesday's report from the Labor Department,...

The Cost of Eating Out Just Jumped More Than It Has in 4 Decades

Grocery stores, vending machines also saw prices go up

(Newser) - The inflation data released Tuesday showed that prices are rising in the US at the fastest pace in 13 years—and when you look at the cost of eating out, the increase is even more dramatic. It increased 0.7% last month, a pace last seen four decades ago, in...

Prices Rising at Fastest Clip in 13 Years

Consumer prices in June up 5.4% over previous year

(Newser) - Prices for US consumers jumped in June by the most in 13 years, extending a run of higher inflation and fueling concerns that the rapidly rebounding economy is making goods and services increasingly expensive, per the AP . Tuesday's report from the Labor Department showed that consumer prices in June...

Inflation Is Rising, and the Stakes Are High
Inflation Is Rising,
and the Stakes Are High
the rundown
Jun 10, 2021 10:40 AM CDT

Inflation Is Rising, and the Stakes Are High

The big question is whether it's a temporary blip related to the pandemic

(Newser) - A new government report confirms what many Americans probably already noticed: Prices are rising for all kinds of things. The Labor Department said Thursday that inflation rose 5% in May when compared to the previous year, which is higher than expected and the biggest spike since the summer of 2008—...

Dow Drops 681 Points After Inflation Report
Dow Drops 681 Points 
After Inflation Report
MARKETS
May 12, 2021 3:45 PM CDT

Dow Drops 681 Points After Inflation Report

S&P 500 dived 2.1%

(Newser) - Stocks pulled back again on Wall Street Wednesday after a surprisingly big jump in inflation last month worsened worries among investors that the economy may run too hot as it bounces back from its pandemic-induced recession. Tech giants, which had soared during the past year of lockdowns, took some of...

We Haven't Seen Inflation Like This Since 2008

Consumer prices are up 4.2% over past 12 months

(Newser) - A worrisome bout of inflation struck the economy in April, with US consumer prices for goods and services surging 0.8%, the largest monthly jump in in more than a decade, and the year-over-year increase reaching its fastest rate since 2008. Over the past 12 months, consumer prices have jumped...

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