inflation

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CBO: Economy Will Get Worse Before It Gets Better

Agency predicts grim picture on unemployment, inflation in 2025, before improvement in '26

(Newser) - President Trump's tariff policies, immigration crackdowns, and sweeping tax and spending law are expected to increase jobless rates and inflation and lower overall growth this year before they improve next year, according to a new report from the nonpartisan Congressional Budget Office. The CBO on Friday released new economic...

Inflation Figures Put the Fed in Tough Spot

It remains well above central bank's 2% target, but Fed is still expected to cut rates next week

(Newser) - Inflation rose last month as the price of gas, groceries, and airfares jumped while new data showed applications for unemployment aid soared, putting the Federal Reserve in an increasingly tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures, the AP reports.
  • Consumer
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Monthly Housing Costs Soar to Highest Level in Decades

Mortgage rates, insurance, rents outpace stagnant American incomes, per Census Bureau

(Newser) - Monthly housing costs in the US are climbing faster than inflation, squeezing both homeowners and renters alike, according to new Census Bureau data . In 2024, the median monthly cost of homeownership—including mortgage, insurance, taxes, and fees—rose to $2,035 (after being adjusted for inflation), up from $1,...

Americans' Outlook on the Future Isn't So Perky

Nearly 70% don't believe in the so-called American dream anymore, per new WSJ -NORC poll

(Newser) - A new Wall Street Journal-NORC poll paints a dim picture of Americans' faith in upward mobility. Just 25% of respondents believe they have a decent shot at improving their standard of living—a record low since the survey began in 1987. More than three-quarters of those who responded to...

European Bank Credits Immigrants on Economic Recovery

Inflation eased while growth continued, Christine Lagarde says

(Newser) - A jump in the share of foreign-born workers after the pandemic helped Europe bring inflation down without sharply slowing growth, the president of the European Central Bank said Saturday. A key factor "has been the rise in both the number and participation rate of foreign workers," Christine Lagarde...

Powell's Last Jackson Hole Speech Could Be a Big One

It's not clear whether Fed chief will 'stick to his guns' on economic restraint

(Newser) - Federal Reserve Chair Jerome Powell is set to take center stage at the Jackson Hole summit Friday morning, where his remarks could influence the course of financial markets and monetary policy for months to come. At 10am Eastern investors will be listening closely for any hint that the Fed...

New Set of Inflation Numbers Sours Mood on Wall Street

Wholesale inflation rose much higher than expected in July

(Newser) - Wall Street has its second set of inflation numbers to digest this week, and this time they have investors a little worried:
  • New number: Wholesale inflation rose 0.9% in July, much higher than the 0.2% expected by economists in a poll, reports CNBC . Wholesale prices often translate to
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Inflation Is Tamer Than Expected, With an Asterisk

'Core' prices jump 3.1%, which is above expectations

(Newser) - Tuesday's highly awaited inflation report amid a slew of new tariffs offers a mixed narrative about the economy:
  • Main number: Overall inflation came in tamer than expected in July: Prices rose 2.7% compared to last July, a tick below the Wall Street consensus of 2.8%, reports CNBC
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86% of Americans Are Stressed About Grocery Costs

Poll finds worry extends across age groups, income brackets

(Newser) - The vast majority of US adults are at least somewhat stressed about the cost of groceries, a new poll finds, as prices continue to rise and concerns about the impact of President Trump's tariffs remain widespread. About half of all Americans say the cost of groceries is a "...

Hard Times Fall for 6-Figure Earners, Too

Delinquencies surge as job market cools, costs climb

(Newser) - A growing number of high-income Americans—those earning more than $150,000 annually—are starting to fall behind on credit card and auto loan payments, according to new data from credit-scoring firm VantageScore. Delinquency rates for these households have more than doubled since 2023, outpacing the increases seen among...

Hershey Hikes Candy Prices
Hershey Hikes Candy Prices
Jul 23, 2025 5:11 AM CDT

Hershey Hikes Candy Prices

Cocoa shortage and climate woes push cocoa costs to record highs

(Newser) - Hershey fans will soon feel a bigger pinch at the checkout. The Pennsylvania-based chocolate giant confirmed Tuesday it's hiking prices across its candies by a "low double-digit" percentage, a move tied to surging cocoa costs rather than tariffs or trade disputes. Shoppers should expect the changes to...

Amid Economic Uncertainty, the 'Rise of Strategic Travel'

Rising costs drive Americans to shorter trips, local staycations for summer break

(Newser) - Americans are hitting pause on lavish summer getaways, with many opting for shorter, closer-to-home trips as economic uncertainty weighs on household budgets. Recent data from Bank of America shows fewer families are booking flights and hotel accommodations compared to last year, while Labor Department figures reveal that the number...

Inflation Rises, With Tariffs Seen as Culprit

Consumer prices rose 2.7% in June

(Newser) - Inflation rose last month to its highest level in four months as the cost of gas, food, and groceries rose, reversing several months of cooling price pressures, per the AP . Details:
  • Consumer prices rose 2.7% in June from a year earlier, the Labor Department said Tuesday, up from an
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Key Inflation Gauge Ticked Higher Last Month

But tariffs aren't causing major price upswings yet

(Newser) - A key inflation gauge moved higher in May in the latest sign that prices remain stubbornly elevated while Americans cut back on their spending. Prices rose 2.3% in May compared with a year ago, up from just 2.1% in April, the Commerce Department said Friday. Excluding the volatile...

Fed Official Calls for Renewed Rate Cuts

Waller says central bank shouldn't wait for labor market to slow down

(Newser) - Federal Reserve Governor Christopher Waller, considered a contender to replace Jerome Powell when the Fed chair's term expires next year, says that the central bank could be in a position to cut interest rates as soon as July. Waller, one of seven Fed governors, tells CNBC that inflation...

There's Good News, Bad News About Breakfast

Egg prices have cooled, but now the cost of bacon is soaring

(Newser) - As egg prices cool off, bacon is now sizzling, with nearly 20% price hikes since last year. According to grocery price data from NIQ, the average price of pork bacon jumped 18% between May 2023 and May 2024, with a 5.7% increase from April to May alone, reports...

May's Inflation Report Doesn't Hold Any Surprises

Consumer prices increased 2.4% last month compared with a year ago

(Newser) - US inflation picked up a bit last month as food costs rose, though overall inflation remained mostly tame. Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday. The AP reports that's slightly below the 2.5% that economists...

Consumer Sentiment Near an All-Time Low

New index defies predictions that sentiment would rise in May

(Newser) - Americans appear to be growing more anxious about the economy, with consumer sentiment dropping for the fifth straight month to reach a three-year low. Details:
  • A closely watched index out of the University of Michigan fell to 50.8 in May, down roughly 3% from April's 52.2.
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Inflation Cools More Than Expected
Inflation Cools
More Than Expected
May 13, 2025 8:11 AM CDT

Inflation Cools More Than Expected

Prices were up 2.3% in April, a bit lower than forecast

(Newser) - The latest inflation report shows that it cooled off a bit, and slightly more than expected, in April compared to last year:
  • Numbers: Consumer prices rose 2.3% in April when compared to April 2024, and most economists had forecast a gain of 2.4%, reports the Wall Street Journal
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New Yorkers Are Getting Inflation Refunds

Tax cuts, free school meals also aim to tackle rising costs of living

(Newser) - More than 8 million New Yorkers are set to receive inflation refund checks after Gov. Kathy Hochul announced a $2 billion plan as part of the state's 2026 budget. The move, billed as the state's first-ever such payout, is meant to offset the rising cost of living...

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