Dec 10 Why U.S. inflation is so high, and when it may ease By Paul Wiseman, Associated Press For months, many economists had sounded a reassuring message that a spike in consumer prices, something that had been missing in action in the U.S. for a generation, wouldn't stay long. Yet as any American who has bought a carton… Continue reading
Dec 10 U.S. consumer inflation jumps 6.8 percent in past year, most in almost 40 years By Martin Crutsinger, Associated Press Prices for U.S. consumers jumped 6.8 percent in November compared with a year earlier as surging costs for food, energy, housing and other items left Americans enduring their highest annual inflation rate since 1982. Continue reading
Dec 09 Americans are focused on inflation as incomes go up, AP-NORC poll finds By Christopher Rugaber, Hannah Fingerhut, Associated Press Americans' overall income has accelerated since the pandemic, but so has inflation — and a new poll finds that far more people are noticing the higher prices than the pay gains. Continue reading
Nov 30 U.S. consumer confidence falls in November to nine-month low By Associated Press The Conference Board reported Tuesday that its consumer confidence index dropped to a reading of 109.5, down from 111.6 in October. It was the lowest reading since the index stood at 95.2 in February. Continue reading
Nov 29 How rising prices affect people differently, and what it says about the economy By Chloe Jones Inflation rates, especially for food prices, have spiked quickly and are being felt hardest by those earning lower wages. These price increases have led many people to believe the economy is in a bad place, but experts say the opposite. Continue reading
Nov 28 Watch 7:41 How inflation, climate change and energy costs are pushing up food prices By PBS NewsHour In the US, inflation is now above six percent, and globally, food prices are at their highest since 2011. Climate change, energy demands and inflation are causing shortages and driving up costs in some of the poorest nations. Wall Street… Continue watching
Nov 26 Biden sets out oil and gas leasing reform, stops short of ban By Matthew Daly, Associated Press The Biden administration has recommended an overhaul of the nation's oil and gas leasing program to focus on areas that are most suitable for energy development and raise costs for energy companies to drill on public lands and water. Continue reading
Nov 24 Biden's move to tap oil reserve gains support of many environmentalists By Matthew Daly, Associated Press Biden and his administration insist tapping more oil from the reserve does not conflict with his climate goals — including a 50 percent cut in greenhouse gas emissions by 2030. Continue reading
Nov 21 Watch 3:38 Inflation a major issue facing the Biden administration By PBS NewsHour Inflation, now running at more than 6%, is the number one concern for many Americans as prices rise, from the gas pumps to the grocery shelves. It’s also a looming threat to President Joe Biden’s administration. A complex mix of… Continue watching
Nov 16 Americans elevated retail spending by 1.7 percent last month By Christopher S. Rugaber, Associated Press Solid hiring, strong pay raises, and healthy savings for many households are underpinning robust spending. Americans are also still buying more cars, furniture, and other goods than they did before the pandemic. Continue reading