Consumer prices
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Bank of England predicts recession at the end of the year
LONDON ((DailyNews)) — The Bank of England announced its biggest interest rate increase in 27 years on Thursday as it…
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EXPLAINER: Why US inflation is so high, and when it may ease
WASHINGTON ((DailyNews)) — Inflation’s relentless surge didn’t merely persist in June. It accelerated. For the 12 months ending in June,…
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Surging gas prices likely drove US inflation to 40-year high
WASHINGTON ((DailyNews)) — U.S. inflation likely reached a new 40-year high in June, driven up by a spike in gas…
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Powell: ‘No guarantee’ Fed can tame inflation, spare jobs
WASHINGTON ((DailyNews)) — Federal Reserve Chair Jerome Powell said there’s “no guarantee″ the central bank can tame runaway inflation without…
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Biden vows to battle inflation as prices keep climbing
LOS ANGELES ((DailyNews)) — In President Joe Biden’s estimation, the U.S. is in a strong position to overcome the worst…
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US inflation at new 40-year high as price increases spread
WASHINGTON ((DailyNews)) — The prices of gas, food and most other goods and services jumped in May, raising inflation to…
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High inflation leaves food banks struggling to meet needs
Kendall Nunamaker and her family of five in Kennewick, Washington, faced impossible math this month: How to pay for gas,…
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US inflation dips from 4-decade high but still causing pain
WASHINGTON ((DailyNews)) — Inflation eased slightly in April after months of relentless increases but remained near a four-decade high, making…
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Stocks turn mixed on Wall Street a day after big sell-off
NEW YORK ((DailyNews)) — Stock indexes on Wall Street ended a choppy day of trading with a mixed finish Tuesday,…
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US inflation jumped 8.5% in past year, highest since 1981
WASHINGTON ((DailyNews)) — Inflation soared over the past year at its fastest pace in more than 40 years, with costs…
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