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Overall inflation has been 13.6% during the last two years. The cost of housing, which takes the biggest chunk of the family budget, is up 14.4%. Energy is up 23.7%, transportation is up 20.2% and ...
Compared to previous estimates, central bankers forecast inflation ending this year higher than expected and lingering at a higher rate next year. Blame COVID. Or the economic gyrations that ...
During the COVID-19 lockdown, demand shifts during the pandemic towards many home-related goods outpaced supply, contributing to inflation. [30] [31] Demand for groceries has continued to be high after the pandemic as people's habits have changed, which is one of the factors pushing up grocery prices into 2024. [32]
The inflation of the 1970s and early 1980s peaked at 14.8% in March 1980 before the Fed exorcized high prices with aggressive rate hikes that caused brutal back-to-back recessions in 1980 and 1981 ...
For the 12 months ending in January, inflation amounted to 7.5% — the fastest year-over-year pace since 1982 — the Labor Department said Thursday. Consumers felt the price squeeze in everyday ...
Inflation's relentless surge didn't merely persist in June. It accelerated. Here's why.
Consumers might look at the massive 30.1 percent increase in video discs and other media — the largest increase ever — and wonder why the overall inflation rate is just 3.5 percent.
Annual inflation ticked up for a third straight month in December as food, energy costs rose, CPI report showed. But underlying price measure eased. Inflation rose to 5-month high in December.