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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President Seeks to Lower Meat Prices
New initiative would help independent farmers and ranchers. President Biden recently met virtually with independent farmers and ranchers to lay out his plans to reduce food prices by…
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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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Inflation Hits 31-Year High
The Consumer Price Index is up 6.2% over last October. The Department of Labor, which maintains data on the cost of living, has reported that the Consumer Price…
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President Discussed Supply Chain with Major CEOs
Concerns about shortages in labor and goods continue to grow. President Biden spoke on Tuesday with the chief executives at Walmart, United Parcel Service, FedEx, and Target to discuss speeding…
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President Visits Baltimore to Promote Infrastructure Bill
Addresses new spending to address rising consumer costs. President Joe Biden traveled to Baltimore, Maryland, on Wednesday to begin his national tour promoting Congress’ passage of the $1…
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IRS Increases 401(k) Contribution Limit
Maximum contributions to IRAs is unchanged. The Internal Revenue Service announced that workers will be able to set aside more money for their 401(k) plans in 2022. The employee contribution limit…
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Fertilizer Shortages May Impact Food Costs
Hurricanes, supply chain issues, and natural gas shortage have contributed. Food prices are already up this year, in some areas as much as 30 percent, and now issues…
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2022 Social Security Benefits Getting a Boost
The increase is the largest in nearly four decades. Roughly 70 million Social Security beneficiaries will see a 5.9 percent increase in their payments beginning next year. The…
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Higher Inflation Creating Pressure on Consumers
President seeks help from the private sector. The Department of Labor reported this week that consumer prices increased solidly in September. Americans are now paying more for food,…
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