inflation

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French Grocery Giant Drops PepsiCo Products Over Prices

Carrefour says prices must come down as inflation does

(Newser) - Inflation may finally be starting to ease, but prices for some items are showing no signs of coming back down—and now one of the biggest supermarket chains in the world is taking a stand. Carrefour, France's largest food retailer, which runs thousands of stores in 30 countries, has...

Home Alone Fan Has Some Fun With Inflation

A TikTok user is going deep into how prices have changed since the movie premiered in 1990

(Newser) - Home Alone is the top movie rewatch during the holiday season, and some viewers this year had a little time on their hands to also make it a lesson in inflation. Per USA Today , TikTok-er Geoffrey Lyons analyzed a scene in the film where 8-year-old Kevin McCallister hits up a...

New CBO Projections Raise Hopes of a 'Soft Landing'

Agency predicts inflation will nearly reach the Fed's target of 2% next year

(Newser) - The Congressional Budget Office said Friday it expects inflation to nearly hit the Federal Reserve's 2% target rate in 2024, as overall growth is expected to slow and unemployment is expected to rise into 2025, according to updated economic projections for the next two years. The office's Current...

New Inflation Report Should Keep Fed Happy

Annual rate cools slightly to 3.1%, suggesting Federal Reserve won't raise rates this week

(Newser) - US inflation ticked down again last month, with cheaper gas helping further lighten the weight of consumer price increases in the United States. At the same time, the latest data on consumer inflation showed that prices in some areas—services such as restaurants, used cars, and auto insurance—continued to...

Inflation Report Is Better Than Expected

It cools off in October to 3.2%

(Newser) - The new inflation report is out, and it's likely to make the Federal Reserve pretty happy: It cooled down last month in a sign that the Fed's interest rate hikes are having the desired effect, per the AP .
  • Key numbers: Tuesday's report from the Labor Department showed
...

At 140%, Inflation Changes Clothes Shopping in Argentina

Secondhand markets boom: 'We simply can't buy new things'

(Newser) - With Argentina in its worst economic crisis in decades, shopping for clothes has become more complicated. "You can't just go to the mall and buy something you like as you did before," said Aylen Chiclana, 22, a student in Buenos Aires. "Today prices are unthinkable."...

'It Doesn't Make Sense to Me to Spend $100 on Candy'

Ahead of Halloween trick-or-treaters, inflation for gum, other sweet treats reaches double digits

(Newser) - Spooked by the high price of Halloween candy? There's not much relief in sight. For the second year in a row, US shoppers are seeing double-digit inflation in the candy aisle. Candy and gum prices are up an average of 13% this month compared to last October, more than...

Prices Continue to Rise More Than the Fed Wants

But in general, inflation continues its slow downward trend

(Newser) - The latest inflation report shows that prices are still rising faster than the Federal Reserve would like, though inflation generally remains on a slow and uneven downward trajectory:
  • Key numbers: Prices in the US increased 0.4% from August to September, down from a faster pace the previous month,
...

Wholesale Inflation Rose More Than Expected Last Month

Producer prices rose at the fastest rate since April

(Newser) - US wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates, reports the AP . The Labor Department reported Wednesday that its producer price index—which measures inflation before it hits consumers by looking at...

Gas Prices Drive Latest Inflation Increase

Labor Dept.'s new report is a mixed bag, with signs of continued cooling in consumer prices

(Newser) - A spike in gas prices pushed up inflation in August, yet most other costs rose at a more modest pace, evidence that consumer price increases overall are still cooling. In a set of conflicting data on Wednesday, the Labor Department said the consumer price index rose 3.7% in August...

Yellen: Signs Point Away From Recession

Treasury secretary expresses confidence about economy

(Newser) - Polls show Americans are feeling a bit better about the US economy lately, per the Wall Street Journal , and that includes Treasury Secretary Janet Yellen. Asked if the nation will be able to head off a recession while keeping inflation under control, she told Bloomberg , "I think you'd...

Yearlong Streak of Inflation Decline Has Come to an End

Inflation in US ticked up by 0.2% from June, with consumer prices up 3.2% from a year earlier

(Newser) - Inflation in the United States rose in July after 12 straight months of declines, boosted by costlier housing. But excluding volatile food and energy prices, so-called core inflation rose just 0.2% from June, matching the smallest monthly increase in nearly two years, per the AP . The inflation figure the...

Fed Hikes Interest Rates to a 22-Year High

Quarter-point increase is 11th in 17 months

(Newser) - The expectation was that the Federal Reserve would lift its key interest rate for the 11th time in 17 months, and that's exactly what came to pass on Wednesday. The quarter-point hike brings the the Fed's short-term rate to roughly 5.3%, the highest level since 2001. As...

Finally, the Curves Flip on Paychecks, Inflation

After 2 years, wages hikes are finally rising faster than inflation

(Newser) - Generally speaking, Americans have been getting pay raises over the last two years—it just hasn't felt like it because prices were rising even more. Finally, however, wage increases have begun to outpace inflation, reports the Wall Street Journal . Average hourly wages, after being adjusted for inflation, rose 1....

June's Inflation Number Is a Welcome One

At 3%, it's lowest since March 2021

(Newser) - After two years of painfully high prices, inflation in the United States has reached its lowest point since March 2021—3% in June compared with 12 months earlier—a sign that the Federal Reserve's interest rate hikes have steadily slowed price increases across the economy, reports the AP . The...

Strong Jobs Numbers Put Dow in a Sour Mood

Job openings fall below 10M, but they remain historically high

(Newser) - US job openings slipped in May but remained at levels high enough to illustrate that the American labor market remains resilient in the face of sharply higher interest rates. Employers posted 9.8 million job vacancies, down from 10.3 million in April, the Labor Department said Thursday. But layoffs...

Swedish Economist Blames Inflation on Beyonce

Stockholm concerts created a small but noticeable uptick, he says

(Newser) - The start of Beyonce's world tour was an event so big in Sweden that it produced a bump in the inflation rate, according to Danske Bank's chief economist in the country. Michael Grahn says the star's two concerts in Stockholm last month added around 0.2 percentage...

Inflation Has Cooled. So Has This Social Security Estimate

Recipients may see 2024 cost-of-living adjustment of just 2.7%, down from this year's 8.7%

(Newser) - This year's Social Security cost-of-living adjustment, or COLA, was the highest in four decades, coming in at 8.7% to account for record inflation. Beneficiaries shouldn't expect quite such a boost for 2024. According to new government data, the annual inflation rate fell in May to its lowest...

New Inflation Numbers Likely to Ward Off Rate Hike

Prices continue to cool as Fed meets to assess policy

(Newser) - Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year's steady easing of inflation. Still, inflation remains well above normal levels, and some measures of underlying price pressures remained high.
  • Annual slowdown: Measured year over year, inflation
...

10 US Cities Where Inflation Is Rising the Most

Sorry, Miami residents

(Newser) - Inflation isn't rising as fast as it was a year ago nationwide, but it remains near a historically high rate of 5%. Some areas of the country are feeling it more than others, and WalletHub crunched data related to the Consumer Price Index to determine the cities where inflation...

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