consumer price index

Stories 1 - 20 |  Next >>

Egg Prices Soar to $6.23 Despite Wholesale Drop
Retail Egg Prices
Hit Record High
Apr 10, 2025 12:33 PM CDT

Retail Egg Prices Hit Record High

Consumers have yet to see savings from steep drop in wholesale prices

(Newser) - Despite assurances from President Trump and other top officials, retail egg prices have hit a record high of $6.23 per dozen, up from $5.90 in March, according to the latest Consumer Price Index. The increase comes despite a drop in wholesale prices and no new bird flu...

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
...

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...

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...

Inflation Continues to Cool in the US

But January's numbers still come in higher than expected

(Newser) - The closely watched consumer-price index is out, and the new numbers for January show that inflation continues to cool on an annual basis—though not by as much as analysts expected.
  • The rise: Consumer prices rose 0.5% in January, which translates to an annual inflation rate of 6.4%,
...

Inflation Surged 9.1% in June, Even More Than Expected

Economists were expecting a 40-year high of 8.8%

(Newser) - The consumer price index for June is worse than expected—and what was expected was bad. The CPI was up 9.1% year-over-year in June, above economists' prediction of 8.8%. Even that estimate was worse than May's 8.6%. The last time inflation was this high was in...

Sticker Shock at the Supermarket? You're Not Alone

Price of groceries just saw record-setting spike due to coronavirus pandemic

(Newser) - With most Americans sheltering at home as they wait out the coronavirus pandemic, you may have noticed that while your eating-out tab has gone down, your supermarket bill has gone up. It's not in your head: The monthly consumer price index has been released by the Bureau of Labor...

More Market Turmoil? Inflation Higher Than Expected

Investors may not be happy because it could lead to a hike in interest rates

(Newser) - Given the markets' recent volatility, investors were keeping a closer eye than usual on Wednesday's new inflation report—and they may not be thrilled with the data. The consumer price index showed that prices for everyday goods rose slightly higher than expected in January, reports the Wall Street Journal ...

'12 Days of Christmas' Gifts Will Cost You $97K

Gold prices push the cost of 5 rings to $650

(Newser) - If your true love gives you everything from 12 drummers drumming to a partridge in a pear tree this year, he or she will have shelled out $96,824. That’s up 10.8% from last year, the AP reports. High gold prices pushed the cost of five gold rings...

Colorado Will Lower Minimum Wage
Colorado
Will Lower Minimum Wage
Oct 13, 2009 2:52 PM CDT

Colorado Will Lower Minimum Wage

State figure, tied to inflation, will drop 4 cents to $7.24

(Newser) - Colorado is set to become the first state to lower its minimum wage next year. The state’s minimum wage is tied to local inflation—specifically, the Denver-Boulder-Greeley Consumer Price Index, which has fallen 0.6%. The state’s minimum of $7.28 an hour will fall to $7.24...

Dow Up 108 to 2009 High
 Dow Up 108 to 2009 High 
MARKETS
Sep 16, 2009 3:15 PM CDT

Dow Up 108 to 2009 High

GE, financials gain; Fed shows industrial activity up for August

(Newser) - Stocks rallied today, with all three major indices hitting their highest levels of the year, the Wall Street Journal reports. GE surged 5.69%, AmEx 3.06%, and BofA 2.80% on good data: Industrial production gained 0.8% in August, and the Labor Department’s consumer-price index rose 0....

Consumer Prices Take Biggest Dip in 59 Years

(Newser) - Consumer prices have fallen 2.1% over the past year, the biggest year-over-year decline in 59 years, the Labor Department announced today. Though the Consumer Price Index was unchanged from June to July, it was drastically lower than in July 2008, when oil peaked at $147 a barrel and gas...

Stocks Flat, and So Is Inflation
 Stocks Flat, and So Is Inflation 
MARKET open
May 15, 2009 8:49 AM CDT

Stocks Flat, and So Is Inflation

(Newser) - A pile of economic data couldn’t move stocks this morning. The Dow inched up 24 points, while the S&P and Nasdaq added 0.1% and 0.2%, respectively. The Consumer Price Index was unchanged for April, the Labor Department announced, though Core CPI was up 0.3%. Factory...

Consumer Prices Dip in March
 Consumer Prices Dip in March 
Apr 15, 2009 1:18 PM CDT

Consumer Prices Dip in March

Prices drop 0.1%, despite tobacco hike

(Newser) - Consumer prices dipped unexpectedly in March, leaving prices over the past year falling at the fastest clip in more than a half-century. The recession is expected to keep a lid on inflation as widespread layoffs dampen wage pressures and weak demand keeps companies from raising prices. Consumer prices edged down...

Stock Rally Screeches to Halt
 Stock Rally Screeches to Halt 
MARKET Open
Mar 18, 2009 8:42 AM CDT

Stock Rally Screeches to Halt

(Newser) - Stocks took a turn for the worse at the open today, heading south after yesterday’s rally. The Dow fell 67 points, while the S&P declined 0.8%. The Nasdaq fell 0.5%, but component Sun Microsystems soared 65% on news IBM might acquire it. Investors are anxiously awaiting...

As Money Woes Rise, Drivers Let Insurance Lapse

Jobless Americans can't afford insurance

(Newser) - As the unemployment rate climbs, so, too, does the number of drivers letting their car insurance lapse, the Wall Street Journal reports. One industry group says several hundred thousand drivers dropped their insurance in the last year alone. A study two years ago pegged the percentage of uninsured drivers at...

Dow Falls 427 to Below 8,000
 Dow Falls 427 to Below 8,000 
MARKETS
Nov 19, 2008 3:21 PM CST

Dow Falls 427 to Below 8,000

Bad news in housing and predictions of recession sour stocks

(Newser) - Stocks plunged today on a spread of bad economic news, including signs that the housing market is not improving and dire predictions by the Federal Reserve’s interest-rate committee, the Wall Street Journal reports. The Dow fell 427.47 to close at 7,997.28. The Nasdaq lost 96.85,...

Consumers Squeezed, Spending Stalls
Consumers Squeezed, Spending Stalls
Oct 3, 2008 10:45 AM CDT

Consumers Squeezed, Spending Stalls

As prices rise, wages fall and unemployment jumps, spending growth has stalled

(Newser) - The current economic crisis is shaping up to be different than others Americans have weathered in the past 20 years in an important respect, the Washington Post reports: consumer spending, which the nation could always count on to propel the economy through, has stalled. Real spending, the catalyst behind 70%...

Inflation Hurts US Workers; Europeans Keep Pace

But higher Europe wages drive up prices

(Newser) - Workers in the US are falling behind inflation while their counterparts in the 15-nation Eurozone are keeping pace, in part because of more powerful unions, the Wall Street Journal reports. But rising wages may damage the European economies, as they deter companies from hiring and in turn boost inflation. When...

Stocks Rally on Dollar's Strength
 Stocks Rally on Dollar's Strength 
MARKETS
Jun 13, 2008 3:14 PM CDT

Stocks Rally on Dollar's Strength

Drop in oil, strong greenback pushes Dow to weekly gains

(Newser) - The markets rallied today, pushing the Dow into positive territory for the week, off a strong dollar and a drop in oil prices. The Dow gained 165.77 to close at 12,307.35, a weekly gain of 0.8%. The Nasdaq climbed 50.15 to 2,454.50 but...

Stories 1 - 20 |  Next >>
Most Read on Newser