U.S. consumer prices were unchanged in July from the previous month, as falling gas and grocery costs offset tariff-driven increases for some imports, the Labor Department reported Tuesday. The Consumer Price Index rose 2.7% in July from a year earlier, matching June’s pace and up from a post-pandemic low of …
Read More »Here’s Why Food Prices Remain Stubbornly High Even As Inflation Cools
Casey Quinlan, Georgia Recorder Shoppers hoping for a little relief at the grocery store for their holiday meals will be disappointed by the Consumer Price Index released Tuesday. The CPI shows inflation cooling but food prices — particularly for some holiday staples — remain high. The CPI increased 0.1% in …
Read More »Inflation Rate Spikes To 6.8 Percent; Highest Level In Almost 40 Years
The cost of living is increasing at its fastest pace in almost 40 years right now, with data out on Friday showing the country’s inflation rate hit 6.8 percent last month. The U.S. Bureau of Labor Statistics said Friday that higher costs for gasoline, shelter, food and new and used …
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