September 13, 2022
“…The Consumer Price Index (CPI) in August reflected an 8.3% increase over last year and a 0.1% increase over the prior month, the Bureau of Labor Statistics reported Tuesday. Economists had expected prices to rise 8.1% over last year and fall 0.1%… Continue Reading…
August 31, 2022
“…U.K. inflation could soar above 22% next year if energy prices continue their upward spiral, U.S. investment bank Goldman Sachs warned. In a research note dated Monday, Goldman said headline inflation could peak at 22.4% and gross domestic product could drop by… Continue Reading…
August 22, 2022
“…Already battling higher prices, 59% of Americans are concerned that student loan forgiveness will make inflation worse, according to a new CNBC survey,conducted online by Momentive among a national sample of 5,142 adults from August 4 to 15….” https://www.cnbc.com/2022/08/22/americans-are-concerned-student-loan-forgiveness-will-worsen-inflation.html College… Continue Reading…
August 10, 2022
“Prices that consumers pay for a variety of goods and services rose 8.5% in July from a year ago, a slowing pace from the previous month due largely to a drop in gasoline prices. On a monthly basis, prices were… Continue Reading…
August 1, 2022
“Inflation has been a persistent nightmare, and rising rents nationwide are partly to blame. Unfortunately for renters, things are unlikely to get better this year. “No quick relief in rent increases,” Alan Detmeister, a senior economist at UBS, told Yahoo… Continue Reading…
July 29, 2022
“A day after Walmart warned investors that its profit would shrink as rising prices forced shoppers to make fewer purchases at its stores, Unilever, Coca-Cola and McDonald’s, three other consumer-facing giants, reinforced the message, to different degrees, providing a window into how companies are navigating this… Continue Reading…
July 26, 2022
“In an economy that has produced the highest inflation rate since 1981, Americans are struggling to keep up with expenses and are putting less money aside for emergencies or long-term financial goals, several recent studies show. Nearly 40% of consumers cannot put any… Continue Reading…
July 15, 2022
“…Inflation in the U.S. is at a 40-year high and gas prices have been surging since April 2020, with the average cost nationwide briefly hitting $5 a gallon in June. Rapidly rising rents and an end to federal COVID-19 relief have also taken a… Continue Reading…
July 13, 2022
“Surging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.… Continue Reading…
July 12, 2022
“Inflation is a real worry for many Americans — even those who earn six figures — and it’s impacting decisions about how they spend their money. Fully 96% of those high earners are concerned about inflation and 65% are “very… Continue Reading…
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