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Stories Tagged as

Inflation

What's helping drive wage increases for low-wage workers?

by Lily Jamali
May 3, 2022
In some sectors, like leisure and hospitality, workers have been quitting and changing jobs, allowing them move into higher-paid positions.
Wages for jobs like cooks, waiters and hotel clerks rose more than 8% in the first quarter of 2022 from a year earlier, according to the Bureau of Labor Statistics.
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New data shows companies are spending more on workers

by Mitchell Hartman
Apr 29, 2022
Wages are rising and benefits are getting better. Trouble is, inflation is outpacing pay.
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When it comes to inflation measures, the Federal Reserve prefers the PCE

by Kai Ryssdal and Sean McHenry
Apr 29, 2022
For monetary officials, the personal consumption expenditures gauge beats the CPI. A trip to the grocery store helps explain why.
When pressed about fighting inflation, survey participants say they want to hold the line on prices for essentials, says Eric Plutzer of the McCourtney Institute for Democracy. But "those policies require the Congress and the president to work together."
Frederic J. Brown/AFP via Getty Images
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Survey finds people are feeling worse about their own finances than they did a year ago

by Samantha Fields
Apr 29, 2022
Price increases have a lot to do with how people see their finances at the moment, but people are also feeling more secure in their jobs.
Therapist and executive coach Angela Sasseville says that the pandemic and other factors have primed us to feel more anxious than before.
MIGUEL MEDINA/AFP/Getty Images
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Japan, bucking the global trend, keeps interest rates low

by Lily Jamali
Apr 28, 2022
While some major central banks tighten monetary policy to fight inflation, the Bank of Japan is taking a very different approach.
The Bank of Japan's headquarters in Tokyo. Unlike many central banks, Japan's is keeping interest rates low, expecting inflation to fade.
Kazuhiro Nogi/AFP via Getty Images
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War in Ukraine could affect food and energy prices through 2024, World Bank says

by David Brancaccio , Alex Schroeder and Rose Conlon
Apr 28, 2022
Wheat prices could increase more than 40% and energy more than 50% this year, according to the bank's president, David Malpass.
Commodity prices are rising, and "it’s hitting people in the poorest countries hardest," World Bank President David Malpass says. Stagflation is also a risk.
Louai Beshara/AFP via Getty Images
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Inflation hits teachers hard

by Stephanie Hughes
Apr 27, 2022
Their salaries, most negotiated for years at a time, haven't kept up with sharply rising prices.
Many educators are feeling squeezed by inflation, which is upping the cost of classroom supplies and other expenses.
Jon Cherry/Getty Images
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Can the Fed lower inflation without getting the economy into a recession?

by Kai Ryssdal , Anais Amin and Sean McHenry
Apr 27, 2022
"A look at the record shows that the Fed often stumbles in its efforts to save the day," says Ben White, chief economic correspondent at Politico.
Recessions have followed many of the Federal Reserve's past interest rate hikes.
Samuel Corum/Getty Images
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7 in 10 big firms report wage hikes, survey says. Is it enough to keep up with inflation?

by Nancy Marshall-Genzer
Apr 25, 2022
Some economists in the survey don’t expect their firms to pay workers more in the future.
Consumer sentiment registered an uptick in the University of Michigan's latest survey, but buyers remain wary about the economy as a whole.
Spencer Platt/Getty Images
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Why inflation hits harder, depending on who you are

by Kai Ryssdal and Maria Hollenhorst
Apr 25, 2022
People who spend a bigger chunk of their budget on gas and groceries are disproportionately impacted by rising prices.
We all have our own personal inflation rate, depending on what we buy. Above, a shopper at a grocery store in Los Angeles.
David McNew/Getty Images
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