Inflation hits 3% in January
(CNN)– Inflation climbed again in January hitting 3% for the first time since June 2024. According to data released on Wednesday, consumer prices rose half a percent from December to January. Economists were expecting a rise of three-tenths of a percent and had predicted the annual inflation rate to land at 2.9%.
Wages have risen fast enough to overcome inflation in recent years. Even so, consumers are still vibing economic ennui.
A chart comparing today's post-COVID-19 inflationary wave to the great inflation of the 1970s is making the rounds again ...
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By disparaging public-health methods and discrediting vaccines, the COVID‑19 minimizers cost hundreds of thousands of people ...
Inflation perked up more than anticipated in January. Wednesday's consumer price index reading showed that the Fed’s battle ...
U.S. wholesale prices came in hotter than expected last month at a time when progress against inflation appears to have ...
There's been an active debate over how government spending contributes to inflation, especially in thee years since the COVID pandemic.
Banking systems are largely insulated from inflation, but vulnerabilities at some banks could lead to tradeoffs between containing inflation and protecting financial stability ...
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Pennsylvania faces soaring grocery inflation, second only to California recent data saysA recent report says PA has the second highest inflation on groceries over the last 12 months. A local food distributor and ...
Tariffs proposed by President Donald Trump could disrupt supply chains and stoke inflation, much like the cascade of price increases that ripped through the economy during the pandemic ...
Russia has reactivated a special economic commission initially created during the Covid-19 pandemic to monitor struggling ...
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