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News Articles: CPI

A selection of beef cuts is displayed at a Publix Supermarket in Miami on Oct. 20, 2021. Inflation is still high, with consumer prices in January surging at their fastest annual pace since 1982.

Tagged as: 

  • Economy

Inflation hits another 40-year high. It's bad, but older folks say they've seen worse

Consumer prices in January were up 7.5% from a year ago, the biggest annual gain since 1982. That may seem like a lot for those under 40, but older folks have lived through even sharper price hikes.

February 10, 2022
|
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
Federal Reserve Board Chairman Jerome Powell testifies before a House Oversight and Reform Select subcommittee hearing in June. Powell said Friday the economic recovery continues, signaling it may soon be time for  the central bank to start removing some of its massive support.

Tagged as: 

  • Economy

Powell Says It May Soon Be Time For The Fed To Start Reducing Its Big Economic Support

Federal Reserve Chairman Jerome Powell says the economy continues its recovery, hinting the central bank could dial back its extraordinary efforts to prop up the economy later this year.

August 27, 2021
|
By:
  • Scott Horsley
A server delivers food to customers dining at a restaurant in Los Angeles on Aug. 7. Restaurants are boosting pay to attract workers, and that could have an impact on already-high inflation.

Tagged as: 

  • Economy

Wages Are Going Up — And So Is Inflation. Consumer Prices Have Hit A 13-Year High

Consumer prices rose 5.4% in July, compared to a year ago. Here's one thing to watch going forward: How rising wages impacts inflation.

August 11, 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

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