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We tried $180 Alaskan red king crab legs to see if they're worth the money—here's what happened
At $66 for 2 pounds, snow crab legs are the most common variety. But the pinnacle of all crab legs are the wild-caught Alaskan red king crab, costs nearly $180 for 2 pounds.
A key inflation gauge rose 5.8% in 2021, most in 39 years
WASHINGTON (AP) — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods.
Inflation inequality: Poorest Americans are hit hardest by soaring prices on necessities
The rising cost of groceries and gas is fueling the fastest increase in consumer prices in 40 years and widening the inflation gap between the rich and poor.
New interactive practice tool: Have your students identify consumer surplus, producer surplus, and total surplus in a domestic market. Then move onto identifying how consumer and producer surplus changes with international trade.
CNN Business tracks key economic indicators to provide a comprehensive, up-to-date picture of the US Economy. Data on this dashboard is refreshed automatically.
If prices keep rising, a nightmare scenario for the US economy is a real possibility
There's no denying it: Inflation is here. Consumer prices surged 7% over the past year. Housing prices have continued to soar, too. But the question on the minds of many economists and Wall Street strategists is whether something even worse could be in the cards: prices rising as the economy slows.