Photo CC BY-NC-ND 2.0 courtesy of the IMF From Birch Gold Group Year-over-year inflation hit 7.5%, and the cost of food, gasoline, and virtually all everyday purchases are noticeably more expensive than a year or two ago. The last time we saw inflation …
Factory activity in the Philadelphia area rebounded as demand strengthened in January after a sharp slowdown in the previous month, according to a survey from the Federal Reserve Bank of Philadelphia released Thursday. Inflationary expectations of manufacturers, however, jumped to …
Well, atleast we are not as bad as Argentina, Mexico, and Venezuela. For the next time someone tells you that US inflation is somehow unique, special or anyone's fault. (via @charliebilello) #CPI pic.twitter.com/RQ89zoIyKU — Carl Quintanilla (@carlquintanilla) December 10, 2021 …
The problem is they don’t see the connection. Liberals really do think a lot of these things that are happening are random. They’re the same people who think that if a program fails, it’s not because it was bad policy, …
McDonald’s Does Exactly What Anyone Who Understands Economics Said Would Happen. In order to offset increasing supply costs and wage increases, McDonald’s is increasing the prices on its menu, the Wall Street Journal reports. According to the report, the price hikes come …
The $3.5 Trillion Budget Plan Could Make Inflation a Perpetual Problem Just as the breakneck pace of inflation seemed to be slowing, U.S. lawmakers took steps that could ensure it’s the reprieve itself that is transitory. It was almost easy …
Gas prices have increased by approximately 50 percent since Biden was elected. Major companies, including Procter & Gamble, Coca-Cola, Kimberly-Clark, General Mills, and Unilever, have announced price increases. The CEO of Tyson Foods, the nation’s largest chicken producer, said on …
According to federal data, the average American’s wage is on the decline due to inflation. The Bureau of Labor Statistics found that “average hourly earnings” in the United States rose from $29.35 in June 2020 to $30.40 in June 2021 …
Another inflation siren sounding: Producer prices post record spike. Just one day after reporting the highest inflation for consumers since the Great Recession, the Bureau of Labor Statistics sounded another alarm, this time with June’s producer price index. The PPI …