You are viewing the "Inflation" Archives
The Fed raises interest rates by only a quarter-point after inflation drops
By: Scott Horsley | NPR
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Updated February 1, 2023 at 6:12 PM ET WASHINGTON (NPR) — The Federal Reserve raised interest rates by a quarter percentage point Wednesday, its eighth increase in less than a… Read More
The U.S. economy ended 2022 on a high note. This year is looking different
By: Scott Horsley | NPR
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WASHINGTON, D.C. (NPR) — After a strong finish to 2022, the U.S. economy appears headed for a slowdown. The economy showed surprising resilience at the end of last year, growing… Read More
Despite some money from the state, the Southeast Ohio Food Bank struggles to meet growing demand
By: Theo Peck-Suzuki | Report for America
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POMEROY, Ohio (WOUB/Report for America) — The Southeast Ohio Food Bank has returned to doing mobile food distributions, thanks to support from local partners and the state government. Unfortunately, the… Read More
What you need to know about interest-free payment plans
By: PBS Newshour
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WASHINGTON, D.C. (NewsHour) — As prices remain high from inflation, the concept of “buy now, pay later” is gaining popularity among consumers. Companies like Affirm, Afterpay and Klarna allow customers… Read More
Inflation is easing, even if it may not feel that way
By: Scott Horsley | NPR
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Updated January 12, 2023 at 8:38 AM ET WASHINGTON, D.C. (NPR) — Inflation eased last month, but prices are still climbing at a rapid rate, squeezing people’s pocketbooks and crimping… Read More
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