The average paycheck lagged behind inflation in 2022, and the higher prices are hitting low-wage workers the hardest.

After raising prices last fall, Kristin Thalheimer Bingham, co-owner of Dean’s Sweets, describes her expenses and product pricing.

Today’s inflation report showed that both the rent and owner-equivalent rent indexes rose 0.8% in December.

Per the consumer price index, bread and cookies cost more dough because their ingredients do too. Yes, the government tracks cookies.

Prices were up 6.5% over the past year, well above the Fed’s targets but the smallest increase since October 2021. It’s a sign that inflation is easing.

The World Economic Forum’s new report identifies a long list of interconnected economic threats that could feed off of and worsen each other. But there is a caveat.

Shrinkflation means getting less product for the same price, and it’s not going away anytime soon.

Donations of both money and food are down. That’s straining food banks at a time when more people are relying on them again.

The currency’s dip could be due to the prospect of a weakened U.S. economy in 2023.

Pending home sales have dipped, and economists expect the market to continue to droop.