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President Joe Biden and Cookie Monster are both sick and tired of ‘shrinkflation'
The “Sesame Street” figure wants more cookies per dollar, while the snacker-in-chief bemoaned the loss of potato chips per package.
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Prices have gone up since the pandemic began. Is that ‘inflation' really corporate greed?
After four years of time for the market to adjust to the “unprecedented times,” inflation has only started to slow. To many people, the climb of inflation being considered “natural” is starting to seem like nonsense. And to some, the more likely explanation seems like “greedflation.”
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Americans' economic outlook brightens as inflation slows and wages outpace prices
After an extended period of gloom, Americans are starting to feel better about inflation and the economy — a trend that could sustain consumer spending, fuel economic growth and potentially affect President Joe Biden’s political fortunes.
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It cost less to shop now than a year ago
The latest economic numbers show that at least a few things are getting more affordable, but it might take a while for people to notice. Here’s why.
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The Federal Reserve leaves rates unchanged. Here's what that means for your wallet
The Federal Reserve said it would leave rates unchanged in November. For consumers, however, it won’t get any less expensive to borrow.
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Beef prices are at record highs — how much pricier will your steak get?
Retail beef prices in the U.S. are at record highs, pushing up the price tags of not just your steak tartare, but also cheese burgers.
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US inflation eased slightly last month as price increases extend slow descent
Measures of U.S. inflation in September showed that the pace of price increases is still grinding lower, though at a slow and uneven pace. Prices in the United States increased 0.4% from August to September, down from a faster pace the previous month. Annual consumer inflation in September was unchanged from a 3.7% rise in August. And underlying inflation declined...
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The 5 US cities most impacted by inflation—none are in New York or California
While inflation has fallen from its nationwide peak of 9.1% in June 2022, these five metropolitan areas continue to see steep prices.
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63% of workers unable to pay a $500 emergency expense, survey finds. How employers may help change that
High inflation continues to add financial stress to workers’ budgets. Experts say new benefits to provide emergency savings plans may help.
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HUD releases new aid for low-income families to keep up with rising rents
The Department of Housing and Urban Development said that fair market rents for fiscal year 2024 will rise about 12 % nationwide and that the department has increased funding for housing choice vouchers.
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Global inflation pressures could become harder to manage in coming years, research suggests
Rising trade barriers. Aging populations. A transition from carbon-spewing fossil fuels to renewable energy. The prevalence of such trends across the world could intensify global inflation pressures.
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Pork belly prices are up 100% this year — your breakfast bacon is about to get pricier
Bacon is about to get even more expensive as wholesale pork belly prices approach record highs on the back.
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Biden touts economic turnaround as he marks 1-year anniversary of the Inflation Reduction Act
The White House is on a sprint to connect what they say is a popular economic agenda with an unpopular incumbent president, as polls show a majority of voters consistently disapprove of Biden’s handling of the economy even amid signs of a U.S. economic upswing.
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Here's what's getting cheaper at the grocery store as inflation eases
Inflation in the United States edged up in July after 12 straight months of declines. But excluding volatile food and energy costs, so-called core inflation matched the smallest monthly rise in nearly two years. Here’s what’s getting cheaper
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How interest rates impact your money — from savings to mortgages
Interest rates may seem abstract, but they affect everyone. CNBC Make It examines the role they play in your finances.
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U.S. gas prices hit 8-month high, national average climbs to $3.71 per gallon
The national average price for gas continues to spike amid rising oil prices, reaching its highest mark since last November.
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UNH professor discusses the June drop in inflation and increase in wages
June’s Consumer Price Index shows inflation continues to trend down. A senior lecturer at the University of New Haven helps break down which areas saw drops and how wages have changed compared to inflation.
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Instant Pot sales plunge post-pandemic forcing maker to file for bankruptcy
The maker of Pyrex glassware and Instant Pot has filed for Chapter 11 bankruptcy protection as the company that was already struggling is stung by inflation with Americans pulling back on spending.
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Inflation rose at a 4% annual rate in May, the lowest in 2 years
The consumer price index was expected to rise 0.1% in May, according to the Dow Jones consensus estimate.
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New Survey Shows How Inflation Is Impacting Vacation
A recent survey by Bankrate.com shows inflation is the number one reason why people say they can’t go on vacation. Even though inflation has started to come down, a senior industry analyst at Bankrate.com explains why it’s not offering people much relief and offers tips to plan a cheaper getaway.