Inflation

As food costs and fuel bills soar, inflation is plundering people’s wallets, sparking a wave of protests and workers’ strikes around the world.

Federal Reserve Chairman Jerome Powell spoke on Thursday about the continuing effort to fight inflation.

“I call on the companies to pass along every penny of this 18 cents reduction to the consumers,” President Joe Biden said Wednesday.

President Joe Biden called on Congress Wednesday to suspend the federal gasoline and diesel taxes for three months.

Inflation is taking a toll on infrastructure projects across the U.S. Rising prices for materials such as asphalt, steel and iron pipes are driving up the costs to build roads, bridges, rail lines and water mains.

High temperatures and humidity hitting large parts of the U.S. last week collided with the ongoing challenges many people face from inflation and high energy costs.

Congressional child nutrition waivers that allowed for free meals in school and other food assistance measures are expiring June 30.

“We’ve seen financial conditions tighten,” Federal Reserve Chair Jerome Powell said Wednesday. “The next meeting could very well be about decision between 50 and 75 [basis points].”

President Joe Biden has told the largest federation of labor unions that he’s rebuilding the U.S. economy around workers. He’s drawing a contrast with Republicans who have increasingly attracted blue-collar votes. Biden says, “We should encourage unions.” His speech Tuesday at the AFL-CIO convention in Philadelphia was an attempt to reset the debate on the economy. His approval ratings have...

“Prices are still too high,” President Joe Biden said Tuesday at the AFL-CIO Constitutional Convention. “Putin’s gas price hike, just since he has invaded Ukraine, it has gone up $1.70 on the gallon because of nothing else but that.”

Gas prices, groceries, even airline tickets — it seems like it’s all going up lately. It feels like the recently raised interest rate is intended to start slowing the economy. So we talked to John Leer, chief economist at Morning Consult, to help us understand why inflation is happening and how it will affect us.

Women are not only faced with a baby formula shortage, but now tampons are in short supply across the U.S.

With gas prices soaring, the New York State Division of Consumer Protection recommends these tips to help New Yorkers save money at the pump.

President Joe Biden discusses the latest inflation numbers and what he plans to do to help Americans.

Americans plan to spend more on an array of items due to rising inflation, but many are making changes to adjust budgets to higher costs.

The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs. Consumer prices surged 8.6% last month from 12 months earlier, faster than April’s year-over-year increase of 8.3%. The new inflation figure, the biggest yearly increase since December 1981, will heighten...

Inflation keeps getting the better of the U.S. economy — and of President Joe Biden’s administration. It’s a problem that’s eluded Biden’s policy tweaks, deals brokered with the private sector, infrastructure spending and regulatory actions. He’s vowing to keep fighting in a speech at the Port of Los Angeles. The port moved to round-the-clock operations last October with an agreement...

New Jersey hit the $5 mark earlier in the week, and Connecticut is hovering just a few cents below it for now. NBC New York’s Greg Cergol reports.

From toilet paper to yogurt and coffee to corn chips, manufacturers are quietly shrinking package sizes without lowering prices. It’s dubbed “shrinkflation,” and it’s accelerating worldwide.

Inflation has shown signs of moderating but is likely to remain far above the Fed’s 2% target through the end of this year.