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Used car and truck prices are up 31% over the previous year. AP Photo/David ZalubowskiConsumer prices jumped 6.8% in November 2021 from a year earlier – the fastest rate of increase since 1982 ...
The debate over inflation continues as politicians point fingers, but economists say there are many reasons why prices are sky high. Natasha S. Alford breaks it down on this episode of “That’s ...
The Federal Reserve targets a 2% annual inflation rate as a sign of a healthy economy. Inflation can be caused by factors such as increased production costs or high demand for goods and services ...
In a highly charged -- and quite unprecedented -- presidential election, inflation remains one of the top issues for voters. Indeed, a recent YouGov survey found that nearly two-thirds (64%) of...
Explaining what causes inflation can take a college professor and a full semester. The simplistic, root cause of inflation is demand outstripping supply, or “too much money chasing too few goods.”
The effect of sanctions on the Russian economy caused annual inflation in Russia to rise to 17.89%, its highest since 2002. [119] Weekly inflation hit a high of 0.99% in the week of April 8, bringing YTD inflation in Russia to 10.83%, compared to 2.72% in the same period of 2021. [119]
This single price change would not, however, represent general inflation in an overall economy. Overall inflation is measured as the price change of a large "basket" of representative goods and services. This is the purpose of a price index, which is the combined price of a "basket" of many goods and services. The combined price is the sum of ...
Inflation -- at 3% in June and down from 3.3% in May, according to the latest Consumer Price Index (CPI) data, released July 11 -- remains a hot-button issue for both voters and presidential...