Nov 10 Watch 9:16 What’s driving U.S. inflation and how price pressures could be reduced By Lisa Desjardins, Amber Partida New numbers show an inflationary wave is still building in the U.S. economy. The labor department reports consumer prices jumped more than six percent in October as compared to a year ago — the biggest increase in 31 years. Catherine… Continue watching
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
Aug 11 U.S. consumer prices rose in July but at slower pace By Christopher Rugaber, Associated Press Prices for U.S. consumers rose last month but at the slowest pace since February, a sign that Americans may gain some relief after four months of sharp increases that have imposed a financial burden on the nation's households. Continue reading
Jul 02 A quarter of Americans are worried about inflation. Here are 4 things to watch By Courtney Vinopal 26 percent of Americans surveyed in a recent PBS NewsHour/NPR/Marist Poll said inflation was their number one concern regarding the U.S. economy. Here’s a look at some of the factors driving prices up in the U.S. right now. Continue reading
Jun 22 WATCH: Federal Reserve Chair Powell says high inflation temporary, will ‘wane’ By Christopher Rugaber, Associated Press Federal Reserve Chair Jerome Powell on Tuesday responded to concerns from Republican lawmakers about spiking inflation by reiterating his view that current price increases will likely prove temporary. Continue reading