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But what they’re spending their money on is shifting.
Reports from companies and job search sites indicate that employers are lowering the pay they offer for newly posted jobs.
Some Indigenous artists say they’ve never been able to charge what their work is truly worth. Now, rising material costs are eating into profits.
Here’s why the last part of getting to that 2% inflation target might be like trying to lose that last 10 pounds.
Our gut instincts as consumers shape our perceptions of inflation.
Average hourly earnings are now rising faster than prices. But two years of high inflation have left many low-income people in a financial hole.
Already, child care inflation is running nearly double the rate of overall inflation.
Services prices helped push up the producer price index in July. But that increase likely isn’t a lasting one.
And consumers of all income levels are adopting creative strategies to make their dollars stretch farther.
Inflation at the pump is in the pipeline for August. It would likely show up right before the Fed’s September interest rate meeting.