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Some good prices also rose, with used cars increasing 2% following a 2.7% bump the prior month, new cars, 0.6% and appliances, 0.7%. This story has been updated to add new information.
Increasing prices are caused by more than just supplier contracts. Hiring labor has become more expensive for businesses that require numerous employees but have had difficulty finding them.
Why are prices still so high? Corporate greed, some say. Tami Luhby, CNN. ... The increase will help him better afford the environmentally friendly products he uses, such as the 28-ounce bottle of ...
The latest reading had prices increasing at a 2.4% annual rate. But if you’re looking at the latest Consumer Price Index data released Tuesday, prices are up 3.2% for the past 12 months ended in ...
The prices of oil, transportation, food ingredients, and other raw materials have decreased as the shocks from the pandemic and the Russian invasion of Ukraine have faded though many businesses have maintained or even increased their prices and profits. This could lead to an economic downturn created by higher interest rates.
We have heard for many months now that inflation is running wild. According to the Bureau of Labor Statistics, the rate of inflation between May 2021 and May 2022 was 8.6%, the largest 12-month...
The price of groceries actually rose faster than overall inflation, increasing more than 22% since Biden took office. Those higher prices have given Republicans plenty of fodder for their attacks ...
On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. An hour and a half north in Richfield, some eggs could be had, but they weren’t cheap. That dozen cost $1.70 more ...