Inflation

Online shoppers were greeted by rapidly falling prices in August, marking another positive sign in the fight against inflation. E-commerce prices tumbled by 3.2% year over year in August, Adobe [...]

  As overall US inflation heated up last month, consumers got some relief at grocery stores. Grocery price increases in the United States slowed down in August, up just 0.2% for the month. [...]

Florida is America’s inflation hotspot because of a persistent problem with sky-high housing costs. The Miami-Fort Lauderdale-West Palm Beach area has the highest inflation rate of metro areas [...]

  A key price gauge fell in June even as consumer spending advanced, pointing to a possible “soft landing” for the economy — in which successive interest-rate hikes slow inflation without [...]

Two key challenges to the health of the U.S. economy could intensify if 340,000 UPS workers walk off the job. The annual rate of inflation, which the Federal Reserve has been battling to lower, [...]

Americans are losing their inflation jitters, driving a gauge of consumer sentiment to its most bullish level since September 2021. The University of Michigan’s preliminary index for July shot up [...]

What are your holiday weekend plans? 🎇 According to the National Retail Federation, 87% of #consumers plan to celebrate the Fourth of July in 2023 and spend an average of $93.34 on #food items, [...]

Americans will be spending an average of $93.34 per person on food items for Fourth of July cookouts, barbecues and picnics this year, says Axios, citing a National Retail Federation survey. [...]

A key measure of inflation dropped unexpectedly in May, suggesting successive interest-rate increases by the Federal Reserve are working to slow the rapid rise in consumer prices since last year. [...]

The Federal Reserve on Wednesday reasserted its mission to fight inflation, with Chair Jerome Powell saying that the central bank will likely soon return to raising interest rates. “Getting [...]