Search results
Jul 13, 2022 · Published 10:30 AM PDT, July 13, 2022. WASHINGTON (AP) — Inflation’s relentless surge didn’t merely persist in June. It accelerated. For the 12 months ending in June, the government’s consumer price index rocketed 9.1%, the fastest year-over-year jump since 1981.
Apr 26, 2024 · Danger scenarios. The stubborn inflation data raised several ominous specters, namely that the Fed may have to keep rates elevated for longer than it or financial markets would like, threatening...
Apr 10, 2024 · Scott Olson/Getty Images. And lately, another factor is threatening to push up inflation: gas prices. That's because oil prices have been rallying recently because of a number of factors...
People also ask
Why did inflation go up in July?
How hard is it to push inflation below 3%?
Did inflation rise 8.5 percent in March compared to a year ago?
Will higher gas prices push up inflation?
Apr 10, 2024 · CNN — Surging gas prices and sky-high mortgages and rent sent inflation rising more than expected in March, adding to Americans’ prolonged and painful battle with high costs. That could force...
- Rising Wages
- Energy Cost Conundrum
- Cooling Off Demand
The legion of workers leaving their jobs, especially those in low-wage sectors, has played an enormous role in the rising cost of labor, said Jayson Lusk, a professor and the head of agricultural economics at Purdue University. "To get enough workers to show up now, you need to pay more, so we're seeing rising wage rates throughout many food and ag...
After workers manufacture the products, the goods must be transported. So while you're at the pump paying high gas prices, that means the companies trucking your packages and groceries are doing the same. The average price for a gallon of gasoline in the U.S. is hovering around $4.10, and the price of crude oil, which can affect how much money you ...
The final driver of consumer prices is simply demand. At the onset of the pandemic, the U.S. government unleashed waves of supportive financial measures to fortify the economy as businesses shut down. But Lusk, the Purdue economist, conceded that however necessary those measures were in the short run, they may have led to the excess demand the Fede...
Aug 10, 2023 · Brandon Bell/Getty Images. Inflation got a little higher last month — but not enough to set off alarms. Consumer prices in July were up 3.2% from a year ago, according to data released Thursday,...
Feb 16, 2022 · Americans continue to experience and hear about the nation’s inflation woes: they’re seeing it fairly clearly in gas and grocery prices, and on their news feeds. The inflation rate has exceeded...
