Dec 13 WATCH: ‘Economic plan is working’ to slow inflation, Biden says By Christopher Rugaber, Associated Press Consumer prices rose 7.1 percent in November from a year ago, the government said Tuesday. That was down from 7.7 percent in October and a recent peak of 9.1 percent in June. Continue reading
Sep 13 WATCH: Biden touts Inflation Reduction Act despite a new report showing prices are still rising By Josh Boak, Zeke Miller, Associated Press President Joe Biden gathered a crowd of thousands at the White House Tuesday to celebrate last month’s passage of the Inflation Reduction Act, even as a new government report showed how hard it could be to bring surging prices down. Continue reading
Sep 13 U.S. inflation ticks down slightly, but stays stubbornly high By Christopher Rugaber, Associated Press Sharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households. Continue reading
Jul 13 Watch 5:45 Soaring costs drive inflation increases above expectations Inflation in the U.S. is the highest in four decades and new numbers out Wednesday show no signs of letting up. The Labor Department reported consumer prices jumped 9.1 percent from last year. Gas prices, furniture, clothing, healthcare, groceries and… Continue watching
Jul 13 U.S. inflation at 9.1 percent, a record high By Christopher Rugaber, Associated Press Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to… Continue reading
Jun 16 WATCH: Biden signs new shipping law he says will cut consumer costs By Will Weissert, Associated Press WASHINGTON (AP) — President Joe Biden signed legislation Thursday meant to make shipping goods across oceans cheaper — a move the White House says will help lower retailer costs that have remained high since the start of the coronavirus pandemic… Continue reading
May 11 U.S. prices see smallest rise in eight months, spurring hopes that inflation may be peaking By Christopher Rugaber, Associated Press Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Continue reading
Nov 10 U.S. consumer prices spiked 6.2 percent in past year, highest inflation rate since 1990 By Christopher Rugaber, Associated Press Driving the price spikes are persistent supply shortages resulting from robust consumer demand and COVID-related factory shutdowns coming out of the pandemic recession. Continue reading
Jul 21 Used car prices slip from dizzy heights, signaling small victory for economy By Tom Krisher, Mike Householder, Associated Press Used car prices had rocketed more than 40% since before the coronavirus pandemic began — to an average of nearly $25,000. Now, the seemingly endless streak of skyrocketing used vehicle prices appears to be coming to a close. Continue reading
Jul 13 U.S. consumer prices surge in June by the most since 2008 By Christopher Rugaber, Associated Press American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is fueling pent-up spending for goods and services that in many cases remain in short supply. Continue reading