Prices climbed 8.5% in March, compared to last year, amid growing fears of economic slowdown

Prices climbed 8.5% in March, compared to last year, amid growing fears of economic slowdown

This post was originally published on this siteInflation has proven to be one of the most blistering features of the covid economy, testing the White House and Federal Reserve

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US consumer prices hit new 40-year high as Ukraine shock looms

US consumer prices hit new 40-year high as Ukraine shock looms

This post was originally published on this site US consumer prices hit a new 40-year high last month as the world’s largest economy continued to be battered by a surge of inflation, which the fallout from Russia’s invasion of Ukraine is expected to worsen. The consumer price index (CPI) was...

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Economists Expect Pickup in Producer Prices for January

Economists Expect Pickup in Producer Prices for January

This post was originally published on this sitePrices that suppliers charge businesses and other customers are expected to have accelerated in January, boosted by pandemic-related disruptions and continued strength in consumer demand.

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Consumer prices continue to soar as January inflation hits a 40-year high

Consumer prices continue to soar as January inflation hits a 40-year high

This post was originally published on this site  Power lines run through Roy on Tuesday, Nov. 30, 2021. Electricity prices surged 4.2% in January alone, the sharpest rise in 15 years, and are up 10.7% from a year earlier. | Kristin Murphy, Deseret News A 40-year-record set last month by...

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Higher inflation probably costs you $ 276 a month

Higher inflation probably costs you $ 276 a month

This post was originally published on this siteThe average U.S. household spends an extra $ 276 a month on inflation, which has been growing at the fastest rate in 40 years, according to a new economic analysis. The pressure is due to higher prices on a range of products and...

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What to know about inflation: Rising prices hit in U.S., around the world

What to know about inflation: Rising prices hit in U.S., around the world

This post was originally published on this siteThe cost of living is going up at the fastest rate seen in decades as the coronavirus pandemic enters its third year.

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Federal Reserve plans to raise interest rates ‘soon’ to fight inflation: What that means for consumers and the economy

Federal Reserve plans to raise interest rates ‘soon’ to fight inflation: What that means for consumers and the economy

This post was originally published on this site The Federal Reserve signaled plans to begin raising interest rates “soon” in a bid to tamp down inflation before it poses a serious risk to the U.S. economy. A hike would be the first time the central bank has increased its benchmark...

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Consumer prices up 5.7 percent over past year, fastest in 39 years

Consumer prices up 5.7 percent over past year, fastest in 39 years

This post was originally published on this siteWASHINGTON (AP) — U.S. consumer prices rose 5.7 percent over the past year, the fastest pace in 39 years, as a surge in inflation confronts Americans with the holiday shopping season under way.The November increase, reported Thursday by the…

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Biden forced to get real on inflation as the price of nearly everything shoots up

Biden forced to get real on inflation as the price of nearly everything shoots up

This post was originally published on this siteRising consumer prices have quickly become one of the White House’s most urgent concerns as Americans grow unsettled at the higher cost of goods — and place the blame on President Joe Biden.

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