Services inflation worst since 1982, housing CPI heats up, but energy prices plunge
The CPI number came in at 8.5%, from 9.1% in June, as food prices continued to spike but gasoline and nat gas prices fell and durable goods prices backed off. Services CPI rose to 6.25%.
Analysis: Climate change, scarcity chip away at degrowth taboo
Degrowth - the idea that a finite planet cannot sustain ever-increasing consumption - is about the closest you can get to a heresy in economics, where growth is widely held as the best route to prosperity.
EconExtra: Which Inflation Measure is "Best?" - Blog
There are many measures of inflation available. Which one should we be focusing on? The July CPI was announced this week, and Federal Reserve’s preferred measure, the PCE index, will be announced on August 26. These two series each have variations, and there are still other measures available.
US economy sending mixed signals: Here's what it all means
WASHINGTON (AP) — The U.S. economy is caught in an awkward, painful place. A confusing one, too. Growth appears to be sputtering, home sales are tumbling and economists warn of a potential recession ahead .
Despite ripple effects from conflict and inflation, global growth continues. According to the IMF, the global GDP will hit $104 trillion by end of year.
Meat prices increased more than any other food category, but what happens when a BBQ restaurant believes they can't raise prices or even reduce portion sizes?
How inflation is affecting your wallet at MLB concession stands
The effects of inflation have rippled through consumer prices, from gas to groceries to stadium concessions. ESPN polled food and beverage vendors and reps for MLB's 30 teams to find out how much fans are paying for their favorite ballpark eats.
US inflation surges again in June, raising risks for economy
WASHINGTON (AP) — U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession .
With Recession Threatening, The Lipstick Effect Kicks In And Lipstick Sales Rise
NPD Group reports that sales of lipstick are rising more than twice as fast as other products in the beauty category this year. This lends more credence to the Lipstick Effect theory that in tough economic times, sales of lipstick rise.
"We have enough information to conclude policy mistakes, especially on the demand side, go a long way toward explaining today’s inflation." ~ Alexander William Salter