Inflation
Kansas City Chiefs fans, take note: You can expect higher prices than ever for your Super Bowl spread this year(The Center Square) – The Super Bowl has become something like an annual holiday for Americans full of football, food and beverages, but the recent spike in food prices means… Read More
Inflation
Americans’ personal finances worst since the Great Recession(The Center Square) – Half of Americans report their personal finances are “worse off” than they were a year ago, according to a new survey. The poll found only 35%… Read More
Economy, Inflation
Business owners highlight cost of inflation for businesses, families(The Center Square) – Business owners from West Virginia told the powerful U.S. House Ways and Means Committee on Monday they are struggling with inflation, among other problems, as the… Read More
Inflation
Survey: Two-thirds of Americans fear inflation will worsen; almost 90% worried about it(The Center Square) – Two out of every three Americans fear inflation will be worse in 2023 than it was last year, prompting nearly 90% of respondents overall in a… Read More
Inflation
Positive GDP in Q4 sparks to optimism for 2023(The Center Square) – Growth in the nation’s gross domestic product during the last half of 2022 shows the raising of interest rates to control inflation didn’t harm the economy,… Read More
Economy, Inflation
Poll: Americans pessimistic about the economy in 2023(The Center Square) – Americans are not optimistic about the economy this year. A new poll from Gallup found about 80% of those surveyed expect higher taxes, a higher deficit… Read More
Inflation
White House heralds inflation data, but critics push back(The Center Square) – The Biden administration celebrated improved monthly inflation data released Wednesday, but critics quickly pushed back, saying inflation remains at 40-year highs. The U.S. Bureau of Labor… Read More
Inflation
Food prices rise fastest rate since 1970s(The Center Square) – Despite slowing inflation in July, food prices have continued to rise at historic levels, the U.S. Bureau of Labor Statistics reported Wednesday. “The food index… Read More
Inflation
Inflation Reduction Act criticized for raising taxes, not reducing inflation(The Center Square) – As policymakers debate the so-called Inflation Reduction Act in Washington, many are saying claims of no tax hikes on the middle class are not true. The massive… Read More
Inflation
Americans feeling pain of inflation as they begin back-to-school shopping(The Center Square) – Inflation has soared in the past year, and parents are feeling the difference as they start back-to-school shopping this year. A new Morning Consult … Read More
Inflation
Inflation soars 9.1% in past 12 months(The Center Square) – Consumer prices rose another 1.3% in June, contributing to a 9.1% spike over the past 12 months. It is the largest spike in 41 years. The… Read More
Inflation
Fed survey reports record-high consumer expectations for inflation(The Center Square) – Americans are more pessimistic about coming inflation than ever recorded, new survey data shows. The New York Federal Reserve released the June 2022 Survey of Consumer… Read More
Inflation
Former U.S. Treasury secretary says unemployment rate needs to rise to curb inflation(The Center Square) – The unemployment rate needs to rise in order to ease the effects of inflation, former U.S. Treasury Secretary Larry Summers says. According to the … Read More
Biden administration, Inflation, Politics
White House: Biden’s fitness ‘not a question that we should be even asking’(The Center Square) – White House Press Secretary Karine Jean-Pierre this week dismissed concerns regarding President Joe Biden's possible re-election bid. In an interview with CNN's Don… Read More
Inflation, National
Two-thirds of Americans are raiding their savings to cover inflation costs as stagflation concerns mount(The Center Square) – The majority of Americans’ finances are worse than they were a year ago, and they’re blowing through savings to make ends meet as record-high inflation has… Read More
Inflation, National
Inflation reaches 40-year high, making it harder to afford everyday staples(The Center Square) – Inflation remained painfully high in May, with consumer prices hitting a new four-decade high that is causing financial strain for Illinoisans. The Labor Department reports the… Read More