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Venezuela's 360% inflation fuels migration, poverty

Dec 6, 2023
While the economy is slowly improving, a quarter of Venezuela's population has left the country as high inflation and low wages persist.
A man counts cash to buy groceries in a Caracas supermarket. Prices are beyond the reach of many Venezuelans.
Federico Parra/AFP via Getty Images

The rural-urban income divide persists, and it may be widening

Nov 30, 2023
Cities are home to high-paid business services and rural areas have lost manufacturing, contributing to the 23% gap in earnings.
While the gap between the earnings of rural and urban workers is growing, inflation is a particular problem for rural residents. Above, a truck carries livestock feed near Wray, Colorado.
Spencer Platt/Getty Images

How inflation is impacting holiday ads

Advertisers are taking current market conditions into consideration when competing for consumer dollars.
A screenshot from Chevy's 2023 holiday ad, which features a family grappling with the effects of Alzheimer's. Some advertisers are ploying to viewers' emotions to distinguish their brands this year.
Chevrolet/General Motors via YouTube

The long-expected consumer pullback may finally be materializing

Nov 29, 2023
We spent more over the holiday, but we bought less — thanks to inflation.
While consumers spent a couple percent more this Black Friday weekend than last, they didn’t necessarily buy more.
Yuki Iwamura/AFP via Getty Images

Loan applications are down, rejections are up. This could be good for taming inflation.

Nov 20, 2023
The application rate for any kind of credit dropped to just over 41% this year from nearly 45% in 2022, according to a Fed survey.
Justin Sullivan/Getty Images

Climate change effects likely to include long-term inflation

Nov 14, 2023
The fifth National Climate Assessment says climate change will continue to nudge household spending higher in many categories — including health, food and home repair.
In June, smoke from Canadian wildfires drifted over New York City and obscured the Manhattan skyline. Increased air pollution could lead to higher health care costs.
Leonardo Munoz/AFP via Getty Images

Airfares are down 13% over the past year, but they may be headed back up soon

Nov 14, 2023
Fuel costs are down but may rise again soon.
Travel demand has leveled out since last summer's spike of "revenge travel." That’s forcing airlines to compete more for customers again.
Patrick T. Fallon/AFP via Getty Images

For public good, not for profit.

Wage growth cools in October

Nov 3, 2023
Average hourly earnings rose 4.1% year-over-year in October; the rate peaked near 6% in March 2022. The slowdown in wage growth is helping the Fed wrestle inflation lower.
The rate of average hourly earnings growth slowed in October, which is exactly what the Fed hopes might further cool inflation.
Chris Graythen/Getty Images

Retail group predicts record holiday spending

Nov 3, 2023
The National Retail Federation predicts at least $957 billion in sales this holiday season. But that might not mean everyone is splurging.
Prices for goods are up nearly 1% from a year ago, according to the latest PCE price index.
Mark Makela/Getty Images

Why are Americans' views on the economy so mixed?

Oct 30, 2023
In one poll, 44% of respondents say they’re stressed about the economy. Meanwhile, 34% say they’re optimistic.
Change is hard. And it’s not fun, even if your raise does cover how much extra you’re spending at the grocery store. 
Mario Tama/Getty Images