You are viewing the "Inflation" Archives
Inflation looms large as Black Friday shoppers head to the stores
By: Emily Olson | NPR
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WASHINGTON, D.C. (NPR) — Black Friday, the unofficial shopping holiday that’s either a boon or a burden, depending whom you ask, is again facing another test on its winding path… Read More
How stores ended up with too many (wrong) clothes
By: Alina Selyukh I NPR
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WASHINGTON, D.C. (NPR) — Remember when we couldn’t get enough athleisure or pajamas? Now, the hottest question for clothing retailers is whether they’ve got an “inventory glut” — too many… Read More
Inflation cools in October and stocks rally on signs the pain of high prices may ease
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — Stocks rallied Thursday after a better-than-expected report on inflation showed that the galloping price increases that consumers have had to endure all year are beginning to… Read More
Early retirement took off during the pandemic. An economic downturn could change that
By: Andrea Hsu | NPR
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WASHINGTON, D.C. (NPR) — Before the pandemic, no one would have guessed that Dean Hebert was headed toward early retirement, least of all himself. He was enjoying his job as… Read More
New GDP report shows an economic turnaround, but don’t be fooled
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — The government’s official scorecard shows a rebound in economic growth during the late summer and early fall. But analysts say it overstates the strength of the… Read More
The IRS is increasing the standard deductions for 2023 as inflation intensifies
By: Ayana Archie | NPR
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WASHINGTON, D.C. (NPR) — The Internal Revenue Service is increasing its inflation adjustments for the 2023 tax year after prices for rent, groceries and gas have reached heights not seen… Read More
President Biden releases more oil from strategic reserve to help lower gas prices
By: PBS Newshour
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WASHINGTON, D.C. (NPR) — President Biden announced the release of an additional 15 million barrels of oil from the U.S. strategic reserve. The president insisted the move is not politically motivated… Read More
The major factors driving up the cost of food
By: PBS Newshour
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WASHINGTON, D.C. (NPR) — Another report on the pace of inflation in the U.S. is due later this week and there’s some hope that it’s slowing. But most people have… Read More
The dollar is surging. This is who gets helped – and hurt – by its newfound strength
By: David Gura | NPR
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Updated September 27, 2022 at 9:26 AM ET WASHINGTON, D.C. (NPR) — The value of the U.S. dollar is surging at a moment when there are few clear bright spots… Read More
Fed orders another super-sized interest rate hike as it battles stubborn inflation
By: Scott Horsley | NPR
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Updated September 21, 2022 at 2:07 PM ET WASHINGTON, D.C. (NPR) — The Federal Reserve ordered another super-sized jump in interest rates today, and signaled that additional rate hikes are… Read More
Americans are paying more and getting less as inflation hits home
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — Susan Morrison knew something was wrong when she bought a new tub of cottage cheese. “I had an old one in the refrigerator,” Morrison recalls. “I… Read More
Soaring electricity bills are the latest inflation flashpoint
By: Scott Horsley | NPR
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Updated September 13, 2022 at 8:41 AM ET WASHINGTON, D.C. (NPR) — Inflation cooled a bit last month, thanks in part to falling gasoline prices, but for many families, there’s… Read More
Poll: Abortion and inflation collide as top issues in midterm elections
By: Domenico Montanaro | NPR
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WASHINGTON, D.C. (NPR) — Both major political parties are facing crosswinds heading into the 2022 midterms, with Democrats and many independents motivated by the issue of abortion, while Republicans have… Read More
These are some of the ways inflation is changing Americans’ spending habits
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — With inflation near a four-decade high, American shoppers are watching their pennies and adjusting their spending habits – and the businesses that cater to them are… Read More
Sherrod Brown and Rob Portman forecast different impacts from inflation deal
By: Andy Chow | Statehouse News Bureau
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COLUMBUS, Ohio (Statehouse News Bureau) — Ohio’s U.S. Senator Sherrod Brown, a Democrat, said Congress is capping an “amazing” two weeks with a move to pass the Inflation Reduction act,… Read More
Binders, backpacks… and inflation are on this year’s back-to-school shopping list
By: Alina Selyukh | NPR
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WASHINGTON, D.C. (NPR) — Back-to-school shopping for her three children, Stephanie Maddox recently picked up a bottle of hand sanitizer and noticed it was more expensive than she remembered. Then,… Read More
Another big Fed rate hike is here to battle inflation. Economy hangs in balance
By: David Gura | NPR
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Updated July 27, 2022 at 2:01 PM ET WASHINGTON, D.C. (NPR) — With prices rising at their fastest pace in a generation, the Federal Reserve is ratcheting up its fight… Read More
Food banks seek financial relief as food for one in six Ohioans is on the line
By: Theo Peck-Suzuki | Report for America
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ATHENS, Ohio (WOUB/Report for America) – In October 2021 – before the war in Ukraine, before the baby formula shortage, and long before the Federal Reserve raised interest rates to… Read More
Inflation is forcing local businesses to make changes
By: Maria Monesi
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ATHENS, Ohio (WOUB) – At Union Street Diner in Athens, the highest inflation in decades has forced it to make some frequent menu changes. “We stayed with prices a long… Read More
In a turbulent economy, here’s how to weather the inflation storm
By: Dustin Jones | NPR
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WASHINGTON, D.C. (NPR) — Groceries, gasoline, rent and outstanding debts, inflation and painful price hikes have many Americans concerned about their financial present and future. And with fears that a… Read More
What are Ohio economic analysts keeping an eye on as inflation grows?
By: Andy Chow | Statehouse News Bureau
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COLUMBUS, Ohio (Statehouse News Bureau) — Analysts in Ohio are keeping a watchful eye on certain decisions made on the federal level to address the problem of inflation, with the… Read More
The Fed delivers biggest interest rate hike in decades to combat surging inflation
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — The Federal Reserve escalated its battle against inflation Wednesday, announcing the largest interest rate hike in 28 years as the central bank struggles to regain control… Read More
Inflation is increasing demand at food banks, leading to a struggle to keep shelves stocked
By: Jo Ingles | Statehouse News Bureau
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COLUMBUS, Ohio (Statehouse News Bureau) — As many low-income Ohioans struggle to keep up with the rising price of gas and rent, they are increasingly turning to food banks when… Read More
Inflation soars to an over 40-year high. These are the ways Americans are coping
By: Scott Horsley | NPR
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Updated June 10, 2022 at 9:51 AM ET WASHINGTON, D.C. (NPR) — Clay Watkins loves LaCroix brand sparkling water — especially the watermelon flavor. So the suburban Chicago school teacher… Read More
Demand at food banks is way up again. But inflation makes it harder to meet the need
By: Jennifer Ludden | NPR
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NORFOLK, Virginia (NPR) — On a sultry evening at a neighborhood food pantry in this waterfront city, some in the line outside have come from work. Justine Lee, a teller… Read More