Key inflation gauge rose 5.8 percent in 2021, most in 39 years

Key inflation gauge rose 5.8 percent in 2021, most in 39 years

This post was originally published on this siteA measure of prices that is closely tracked by the Federal Reserve rose 5.8 percent last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and…

Read more
Rising costs threaten restaurants’ recovery

Rising costs threaten restaurants’ recovery

This post was originally published on this siteInflation is hammering restaurants, dismantling the industry’s fragile recovery from pandemic-induced shutdowns just as customers resume dining out.The price of produce, meat, oils and even non-food items like heat lamps and to-go containers has…

Read more
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.

Read more