Inflation Shows More Staying Power After Hitting 7% in 2021
U.S. consumer prices are likely to extend their eye-popping gains after soaring last year by the most in nearly four decades, further burdening Americans and ramping up pressure on policymakers to act.
American Consumer Momentum Wanes Just in Time for the Holidays
The American consumer has held strong since last year’s COVID-driven spending pause, as their purchases helped power the global economic recovery. But that momentum may be fading as the holiday season approaches.
Consumer Prices Climb at Fastest Annual Rate Since 1982
U.S. consumer prices rose last month at the fastest annual pace in nearly 40 years, magnifying how rapid and persistent inflation is eroding paychecks and increasing pressure on the Federal Reserve to tighten monetary policy.
Inflation Surges Globally With Rising Food, Fuel Prices
BUDAPEST, Hungary — From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide.
November 29, 2021Canada Inflation Accelerates to 4.7%, Highest Since 2003
Canadian inflation climbed to the highest in two decades, adding pressure on the Bank of Canada to raise interest rates.
Inflation Builds With Biggest Gain in Prices Since 1990
U.S. consumer prices rose in October at the fastest annual pace since 1990, cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge.
Wheat Price Surge Threatens to Speed Up Food Inflation
Benchmark wheat in Chicago climbed above $8 a bushel for the first time in almost nine years amid growing inflation pressures that threaten to raise already soaring food prices worldwide.
Producer Prices Jump an Unprecedented 8.3% in August
WASHINGTON — Inflation at the wholesale level climbed 8.3% last month from August 2020, the biggest annual gain since the Labor Department started calculating the 12-month number in 2010.
Consumer Prices Surged in Past Year the Most Since 2008
WASHINGTON — American consumers faced a third straight monthly surge in prices in June, the latest evidence that a rapid reopening of the economy is fueling pent-up spending for goods and services that in many cases remain in short supply.
229% Surge in China-US Shipping Costs Drives Inflation Pressure
The cost to ship a boxload of goods to the U.S. from China edged close to $10,000 as the world’s biggest economy keeps vacuuming up imports amid slower recoveries from the pandemic from Europe to Asia.