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News Articles: consumer price index

Shoppers look over mattresses at a store in Miami on March 14, 2023.

Tagged as: 

  • Economy

Inflation eased in March but prices are still climbing too fast to get comfortable

Consumer prices in March were up 5% from a year ago. While inflation has eased from a four-decade high last summer, prices are still rising faster than the Federal Reserve would like.

April 12, 2023
|
By:
  • Scott Horsley
A Target customer looks at a display of board games while shopping at Target store in San Francisco, Calif. Inflation continues to ease, even if many people many not feel that way in their daily lives.

Tagged as: 

  • Economy

Inflation is easing, even if it may not feel that way

Annual inflation continued to ease, cooling to 6.5% in December, but prices are still climbing at a rapid rate, meaning people have to work longer and harder to keep the same standard of living.

January 12, 2023
|
By:
  • Scott Horsley
The Broughton family prepares for their dinner prayers during a gathering on November 26, 2020 in Los Angeles, California. Prices for Thanksgiving staples like turkey are on the rise this year, thanks to inflation.

Tagged as: 

  • Economy

Rising prices are on the menu for Thanksgiving, with inflation currently at 7.7%

With Thanksgiving just two weeks away, food and family are on many people's minds. But turkey and travel will carry a hefty price tag this year. The annual inflation rate in October was 7.7%.

November 10, 2022
|
By:
  • Scott Horsley
Vehicles drive past a sign on the 110 Freeway warning of extreme heat and urging energy conservation during a heat wave in downtown Los Angeles on Sept. 2. Soaring electricity bills are pinching many household budgets across the country even as gasoline prices have come down.

Tagged as: 

  • Economy

Soaring electricity bills are the latest inflation flashpoint

Inflation eased slightly in August thanks to falling gasoline prices, but the cost of many essentials continues to climb, including soaring power bills that are straining family budgets.

September 13, 2022
|
By:
  • Scott Horsley
Gas prices are displayed on a sign at a gas station in Williams, Ariz., on Wednesday, July 6, 2022.

Tagged as: 

  • Economy

No retreat in the summer heat. Prices likely topped 40 year high last month

Forecasters say inflation likely hit a new, four-decade high last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.

July 13, 2022
|
By:
  • Scott Horsley
A customer shops at a grocery store in San Rafael, Calif., on June 8. Inflation has surged to its highest rate in nearly 40 years, and Americans are having to adjust some of their spending patterns.

Tagged as: 

  • Economy

Inflation soars to an over 40-year high. These are the ways Americans are coping

Consumers are watching their pennies at the gas station and grocery store as consumer prices surged 8.6% in May, pushing the annual inflation rate to its highest in over 40 years.

June 11, 2022
|
By:
  • Scott Horsley
A shopper walks through a grocery store in Washington, D.C, on March 13. Surging inflation poses a particular challenge for working-class families, impacting the cost of basic necessities such as groceries.

Tagged as: 

  • Economy

How soaring inflation forces stark choices

Inflation in March was the highest since December of 1981, with prices up 8.5% from a year ago. Rising prices are especially hard on low-income people, who spend more of their money on necessities.

April 12, 2022
|
By:
  • Scott Horsley
Higher costing meat and drinks on the menu at Cameron Mitchell Restaurants, which runs 60 dining outlets across the country — from high-end steakhouses to Molly Woo's Asian Bistro and El Segundo Mexican Kitchen.

Tagged as: 

  • Economy

Inflation is red hot, soaring to 6.8% in November, the highest in nearly four decades

Businesses across the country, from restaurants to retail, must decide when, not if, to raises prices and by how much.

December 10, 2021
|
By:
  • Scott Horsley

Tagged as: 

  • Economy

Inflation surges to its highest since 1990

Consumer prices were 6.2% higher in October than a year ago as inflation continues to chip away at the buying power of households across the country.

November 10, 2021
|
By:
  • Scott Horsley
The price of glass jars to hold pasta sauce and other products has soared during the pandemic. Sauce-maker Paul Guglielmo in Rochester, N.Y., has absorbed some of the increase, but he has also raised prices for consumers.

Tagged as: 

  • Economy

Cargo traffic jams affect glass bottles too. Your pantry staples could cost more

Makers of everything from pasta sauce to vinegar say it's getting harder to find glass bottles for their products, and it's leading to higher prices.

October 13, 2021
|
By:
  • Scott Horsley
Used Challengers sit in a long line at a Dodge dealership on Jan. 24 in Littleton, Colo. Used car prices may be peaking and that could help reinforce hopes for easing inflation.

Tagged as: 

  • Economy

Inflation Is Still High. Used Car Prices Could Help Explain What Happens Next

A surge in prices of used cars was a major driver of inflation again in June, but there are some signs those price hikes may be shifting into reverse.

July 13, 2021
|
By:
  • Scott Horsley
Used cars sit on the sales lot at Frank Bent's Wholesale Motors in El Cerrito, Calif., on March 15. Supply chain snarls and pent-up demand are driving up the prices of a lot of things, including new and used cars.

Tagged as: 

  • Economy

Inflation Is Surging. The Price Of A Toyota Pickup Truck Helps Explain Why

The Labor Department says consumer prices jumped 5% for the 12 months ending in May. That's the sharpest increase in nearly 13 years, as the economy rebounds from the pandemic recession.

June 11, 2021
|
By:
  • Scott Horsley
A shopper's cart is full in the checkout line at a ShopRite supermarket in April 2020 in Plainview, N.Y. A year later, prices for most goods have jumped, according to government data, as companies struggle to secure critical raw materials amid supply constraints.

Tagged as: 

  • Business

No, You Are Not Imagining It. Prices For A Lot Of Things Did Jump In April

Prices for a range of goods from used cars to bacon surged last month, pushing consumer inflation to 4.2% in April, the highest since September 2008.

May 12, 2021
|
By:
  • David Gura
Consumer prices jumped in March, marking a return of inflation, but the Federal Reserve insists any uptick will be temporary.

Tagged as: 

  • Economy

Consumer Prices Jumped. Should You Worry? That's Sparking A Heated Debate

Consumer prices jumped last month as businesses struggled to keep pace with booming demand, but the Biden administration and the Federal Reserve say the uptick in inflation is likely to be temporary.

April 13, 2021
|
By:
  • Scott Horsley
Grocery prices have fallen in recent months but are still 4.6% higher than at this time last year. Here, a woman stock shelves in a deli in June at a Washington, D.C., supermarket.

Tagged as: 

  • Economy

More Groceries, Less Gas: The Pandemic Is Shaking Up The Cost Of Living

Consumer prices rose 0.4% in August and 1.3% over the last 12 months. Some economists say that official measure understates inflation, because the pandemic has changed both what and how we buy.

September 11, 2020
|
By:
  • Scott Horsley

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