Inflation expectations are also diminishing. On Thursday, AAA posted the national average price of a gallon of regular gas at $3.990, dropping under $4 for the first time…
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Inflation Eased Slightly in July
The costs of energy and gasoline declined. The Labor Department issued its Consumer Price Index measure for July on Wednesday that showed the pace of price increases slowing…
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Keep China Tariffs, Senators Urge President
Removing tariffs under administration consideration. A group of nine senators has urged President Biden to “substantially maintain” tariffs on Chinese imports that were put in place by former…
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Administration Cancels Oil and Gas Drilling Leases
Gulf of Mexico and Alaska Coast are affected. President Biden’s administration canceled plans to auction drilling rights in three regions off the U.S. coastline later this year, adding…
Read MoreInflation Rises to 8.5 Percent in March
Greatest increase in 41 years. The latest Consumer Price Index numbers show inflation is climbing even higher, making it more difficult for Americans to pay their bills and…
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Inflation Reaches 40-Year High
Energy costs among the highest causes. The Labor Department released February’s consumer price index last week, a data set economists use to gauge the rate of inflation. In…
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Inflation Reaches Historic Levels
Highest amount since 1982. The Labor Department released the Consumer Price Index (CPI) for December on Wednesday, reporting a 0.5% increase in pricing overall in the last month.…
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White House Faults Meat Industry Over Inflation
Say rising prices is the result of industrial greed. Since October 2020, the prices of meat, poultry, and fish have all risen almost 12 percent, according to the…
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Consumer Price Inflation Up by Nearly 7%
Most single-year inflation since 1982. On Friday, the Labor Department released updated numbers for the Consumer Price Index which monitors the prices of goods that the average person…
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Cost of Living Sees Biggest Rise Since 2008
Government report shows Inflation continues to spread throughout the economy. The Federal Consumer Price Index was released by the Bureau of Labor Statistics this week. The report indicates…
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