inflation

The IMF’s Gita Gopinath talks about the challenges facing the global economy as the world enters its third year of the COVID-19 pandemic.

The costs of many goods have been passed on to the consumer.

Rising costs have food vendors starting to try and figure out pricing, for meals that customers assume will remain inexpensive.

University of Michigan data shows inflation is starting to bite more for consumers at the low end of the income spectrum.

Rising prices for staples like food and gas was a key worry for respondents, along with concerns about COVID and political power.

Inflation is high but decelerating. So when will it decelerate to something normal?

Real average hourly pay increased 0.1% in December. Generally, wages are beating inflation, but some industries are lagging.

One fast food business says rising grocery prices give it a reason to focus ads on cost.

And new data shows that buying a place is more affordable than renting in some areas.

Several indicators suggest that the economy is humming along. But recent surveys show, a growing number of people feel exactly the opposite.