Can blaming corporate greed save Democrats on inflation?
Some progressive groups are urging Biden and Democrats to more aggressively cast corporations and billionaires as enemies in the fight against inflation.
No, you're not imagining it — package sizes are shrinking
It’s the inflation you’re not supposed to see. From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide.
A macroeconomist walks into a bar fight : The Indicator from Planet Money
Welcome to the macroeconomic bar fight. Today, fists are being thrown over the causes of high inflation. But off to the corner stands John Cochrane, an economist with a core explanation for rising prices: government borrowing and spending. Check out some of our earlier episodes on inflation: - Why some economists last year were concerned about low interest rates and high government borrowing and spending - Why the term 'transitory' inflation was banned by the Federal Reserve Bank of Atlanta as consumers spent and spent in 2021 - How the war in Ukraine raises prices around the world, including food prices, and a look at grain exports stuck in the country - Whether corporate greed is to blame for inflation
The most magical place on earth has seen some hefty price hikes. What gives? From professional sports champions to families everywhere--Disney World has been a destination for the young and young at heart. But as many of those kids have grown older, they've noticed things aren't quite what they used to be when it comes to costs.
“A Phillips curve for Google searches on "inflation" and "unemployment" over the past two years looks about how you'd expect. We've been on vertical part since October 2021.”
US inflation jumped 8.5% in past year, highest since 1981
WASHINGTON (AP) — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.
Key inflation gauge hit 6.1% in January, highest since 1982
WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia's invasion of Ukraine.
Inflation at 40-year high pressures consumers, Fed and Biden
WASHINGTON (AP) — Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S.
US inflation highest in 40 years, with no letup in sight
WASHINGTON (AP) — Inflation soared over the past year at its highest rate in four decades, hammering American consumers, wiping out pay raises and reinforcing the Federal Reserve’s decision to begin raising borrowing rates across the economy.
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.
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.
Why is inflation so high? A look at rising consumer prices and when it may ease | AP News
Consumer prices jumped 7% in December compared with 12 months earlier — the hottest year-over-year inflation since June 1982. What is causing prices to increase and when can Americans expect a reprieve?
Americans have gotten raises. But with inflation, is it really a raise?
Although workers across the country have seen an increase in wages, the prices of things like gas and food have also risen, leaving workers wondering if their raises are real.