Prices are up nearly 19% across the board since President Joe Biden entered office, meaning households are suffering sticker shock even if the inflation rate has moderated in recent months. Inflation, as tracked by the consumer price index, rose to 3.5% for the year ending in March, the Bureau of Labor Statistics reported Wednesday. Overall, […]
New official figures show that inflation, the rate at which prices rise over time, fell again in March.
WASHINGTON >> A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in March, likely reinforcing the Fed’s reluctance to cut interest rates anytime soon and underscoring a burden for President Joe Biden’s re-election bid.
Retail inflation has lessened, but businesses are still swamped by huge price increases in materials and servicesConsumer prices ticked up again in March, rising to anywhere from 3.2% to 3.8% year-over-year, depending on the rate you’re tracking. Of course, that’s way down from what it was back in 2022. But don’t tell that to any of my clients – or people running businesses in just about every industry across the country. For them, prices are not only rising but are significantly –...
The increase this year, driven by geopolitical tensions and supply shocks,
The PCE index shows that progression on bringing down inflation has stalled. | Economy
Sustained high levels of energy and commodity prices could drive global inflation upwards, the World Bank has warned today.
NASA’s decision to scrap its $11 billion, 15-year mission to Mars to bring back samples could create a startup feeding frenzy, TechCrunch reports. Describing its plans as too slow, and too expensive, NASA is going back to the drawing board, with an eye on getting the space industry to help. Sure, you might worry that […] © 2024 TechCrunch. All rights reserved. For personal use only.
Kia will soon bring affordable EVs to the US market, and the company attributes a 'secret sauce' behind it.
WASHINGTON (AP) — A measure of inflation closely tracked by the Federal Reserve remained uncomfortably high in
The core personal consumption expenditures price index was expected to increase 2.7% from a year ago in March, according to the Dow Jones consensus estimate.
The Hawaii Department of Education serves up about 18.5 million meals per year to students. However, the DOE'S Food Services Branch is projecting a $20 million shortfall for fiscal year 2024. The DOE cites inflation for milk and food, insufficient federal meal reimburements and unchanged school meal prices.