Mar 13 Key inflation gauge worsened in January, before Iran war lifted gas prices By Christopher Rugaber, Associated Press Prices rose 2.8% in January compared with a year earlier, the Commerce Department said Friday. Continue reading
Mar 11 The Iran war and surging oil prices are affecting consumers. Here's how By Cathy Bussewitz, Mae Anderson, Christopher Rugaber, Associated Press You don't have to drive a car to be affected. Continue reading
Mar 11 Inflation held steady last month before attack on Iran sent energy costs soaring By Christopher Rugaber, Anne D'Innocenzio, Associated Press Wednesday’s data has been overtaken by the conflict that began when the U.S. and Israel attacked Iran on Feb. 28, which has caused wild gyrations in oil prices as shipping lanes through the Persian Gulf have suffered a rare shutdown. Continue reading
Mar 03 The U.S. economy is already unsteady. A war in Iran could add to that uncertainty By Christopher Rugaber, Associated Press A longer war that pushed oil past $100 a barrel for an extended period would likely boost inflation, at least temporarily. Continue reading
Feb 20 Inflation rose faster than expected in December By Christopher Rugaber, Associated Press The figures show that inflation remains elevated, even as it has come down from a peak near 7% in 2022. Continue reading
Feb 19 Watch 5:17 Trump shifts focus to affordability ahead of State of the Union By Liz Landers, Doug Adams President Trump is in Georgia and is talking about affordability and the economy, a theme he’s expected to spotlight again in next week’s State of the Union address. White House correspondent Liz Landers reports. Continue watching
Feb 13 Inflation measure falls to nearly five-year low as gas prices fall and housing costs cool By Christopher Rugaber, Associated Press Friday's report suggests inflation could be cooling, but it comes after the cost of food, gas, and apartment rents have soared since the pandemic. Continue reading
Feb 11 Federal deficits and debt will worsen over next decade, Congressional Budget Office finds By Fatima Hussein, Associated Press Congressional Budget Office projections also indicate that inflation doesn't hit the Federal Reserve’s 2% target rate until 2030. Continue reading
Jan 21 Watch 6:48 How the affordability crisis has evolved since Trump's return By Karina Cuevas, Bridget Craig President Trump marks his first year in office with an economy that looks a lot like the one he inherited. During a White House briefing, Trump hailed his policies and hit on the number one issue for Americans, affordability. For… Continue watching
Jan 13 Inflation cooled slightly in December but remains above Fed's target By Christopher Rugaber, Associated Press Many economists had expected inflation to jump last month as the government resumed normal data collection after the six-week shutdown last fall, so the modest increases that matched the November figures came as a relief. Continue reading