By Rob Wile Price growth sped up unexpectedly in January, posing an early challenge to President Donald Trump's economic agenda. Inflation for so-called core items, which exclude volatile food and energy prices, climbed 3.3% over the past 12 months, the Bureau…
By CHRISTOPHER RUGABER Updated 3:18 PM CDT, September 18, 2024 WASHINGTON (AP) — The Federal Reserve on Wednesday cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates that helped tame inflation…
By CHRISTOPHER RUGABER AP Economics Writer Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an…
NEW YORK (AP) — Holiday sales rose this year as American spending remained resilient during the critical shopping season despite surging prices on everything from food to rent, according to one measure. Holiday sales rose 7.6, a slower pace than…
WASHINGTON (AP) — Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels. The annual figure is down…
WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades. Consumer prices jumped 8.5% in July…
By CHRISTOPHER RUGABER WASHINGTON (AP) — The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation.…
Walmart says inflation is actually leading them to cut prices on some products. CEO Doug McMillion says rising food and fuel prices have many shoppers pulling back on…
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) - 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…
Grilling out before the fireworks show? You’ll be paying more. As the U.S. endures rising inflation, Americans celebrating the 4th of July with cookouts will be faced with…
People are looking for ways to make some extra cash due to inflation and CSL Plasma is seeing an uptick in donors. CSL Plasma operates one of the…
By CHRISTOPHER RUGABER WASHINGTON (AP) — The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point — its largest hike in nearly three decades — and signaling…
New data shows inflation is up 8.6 percent since this time last year. And that data means taking a vacation could prove too costly for some families this summer. But despite the…
By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) - The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer…
Grab your gloves and shovel and get to gardening. With rising prices from inflation making it harder for people to afford groceries, gardening can be a key factor when it comes…
Lt. Governor Delbert Hosemann is calling for a six-month suspension of the state’s 18.4-cent gas tax to combat record-level inflation. Hosemann made the announcement Monday. “The No. 1 concern citizens are discussing around their kitchen tables is the increased cost…