Economy May 14 Retail sales growth slowed in April as Iran war fuels higher gas prices By Anne D'Innocenzio
Economy May 13 Tax cuts collide with inflation as voters weigh Trump's economy in the midterms Although President Donald Trump has tried to put more money in middle-class pockets with tax cuts, the benefits are being eroded as prices keep rising, especially during the war with Iran. The latest numbers, released Tuesday, showed the rate of… By Bill Barrow, Associated Press
Economy May 13 U.S. grocery prices rose in April, but gas spikes weren't the only reason Americans paid more for their groceries last month, but high gasoline prices resulting from the Iran war were only one of the reasons why. By Dee-Ann Durbin, Associated Press
Economy May 13 Producer prices shot up 6%, adding pressure on companies to hike prices for struggling customers U.S. wholesale inflation came in hot last month. By Paul Wiseman, Associated Press
Economy May 12 Watch 5:18 Inflation could hit 4% next month and stay elevated for rest of year, economist warns The latest inflation report shows price increases for American consumers in April hit a three-year high, driven by a spike in the cost of gasoline. The Consumer Price Index, which includes energy and food costs, rose 3.8% year-over-year, according to… By Geoff Bennett, Jackson Hudgins
May 12 WATCH: 'I don't think about Americans' financial situation' when negotiating with Iran, Trump says By Maria Ramirez Uribe A reporter asked Trump on Tuesday to what extent Americans' financial straits are motivating him to make a deal. Continue reading
May 12 Iran war hits home as gasoline prices fuel significant U.S. inflation jump By Paul Wiseman, Associated Press The Labor Department's consumer price index rose 3.8% from April 2025 and up from a 3.3% year-over-year gain in March. Continue reading
May 11 Trump says he'll suspend the federal tax on gas. What does that mean? By Matthew Daly, Associated Press The president cannot suspend the federal tax on his own. Continue reading
May 08 U.S. employers add a surprisingly strong 115,000 jobs in April, while unemployment remains low By Paul Wiseman, Associated Press The war has caused the biggest disruption of global oil supplies in history, but the conflict hasn't done much damage to the American job market so far. Continue reading
May 07 Study: Lower-income Americans are using less gas but being hit the hardest by the price spike By Christopher Rugaber, Associated Press Lower-income Americans sharply reduced their gas consumption in the month following the Iran war, yet spiking prices still forced them to spend more at the pump, worsening the economy's economic disparities, new research released Wednesday showed. Continue reading