Prices are surging. Here’s what is getting more expensive
3 years, 6 months ago

Prices are surging. Here’s what is getting more expensive

CNN  

New York CNN Business — By now, you probably know that everything is getting more expensive. From furniture, to used cars, to uncooked beef roasts, consumer prices have grown steadily since January as the economy recovers and Americans are spending money again. Overall, consumer prices rose 5% last month over the previous May – the biggest jump since the summer of 2008 and more than the predicted 4.7% increase. Last month, they rose 7.3%, accounting for around one-third of the overall increase in prices in May. In April, used car and truck prices rose 10%, the biggest monthly price rise since used car data was first tracked in 1953.

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History of this topic

Food prices are on the rise again. What’s behind the increase
1 week, 3 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

Rising costs of used cars and groceries push US inflation higher in November
2 weeks ago

Rising costs of used cars and groceries push US inflation higher in November

India Today  

WASHINGTON: Fueled by pricier used cars, hotel rooms and groceries, inflation in the United States moved slightly higher last month in the latest sign that some price pressures remain elevated. Though inflation is now way below its peak of 9.1% in June 2022, average prices are still about 20% higher than they were three years ago — a major source …

Food prices reach 19-month high in November, UN says
2 weeks, 5 days ago

Food prices reach 19-month high in November, UN says

Live Mint  

Food prices climbed to a 19-month high in November driven by vegetable oils, data from the Food and Agriculture Organization of the United Nations showed on Friday. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 127.5 points in November, a 0.5% increase from October’s level and 5.7% higher than a year earlier. …

US consumer price increases accelerated last month with inflation pressures resilient
3 weeks, 6 days ago

US consumer price increases accelerated last month with inflation pressures resilient

Associated Press  

WASHINGTON — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled in recent months. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier, the Commerce Department said Wednesday. Yet excluding the volatile food and energy categories, so-called “core” prices also …

Food prices are no longer rising as much — but here's why it might not feel that way
5 months, 1 week ago

Food prices are no longer rising as much — but here's why it might not feel that way

NPR  

Food prices are no longer rising as much — but here's why it might not feel that way toggle caption Justin Sullivan/Getty Images North America Grocery prices are no longer climbing as much as they did in the last two years — but many Americans are still frustrated by what it costs to put food on the table. Here are …

Restaurant Bills To Rise By 8% This Month; Here's Why
8 months, 3 weeks ago

Restaurant Bills To Rise By 8% This Month; Here's Why

News 18  

Eating out and ordering food will be more expensive, including chocolates. The bills in fast food restaurants and upscale restaurants could rise by 5-8% from this month, as the prices of cocoa, coffee, palm oil and sugar have risen sharply in the last quarter. “We assess the situation closely.” Cocoa prices have risen to a record level and reached over …

Lower auto prices are giving Americans a break after years of inflation
9 months, 3 weeks ago

Lower auto prices are giving Americans a break after years of inflation

Associated Press  

DETROIT — Price increases for cars and trucks in the United States, which helped fuel inflation for nearly three years, are slowing and in some cases falling, helping cool overall inflation and giving frustrated Americans more hope of finding an affordable vehicle. In January, automaker discounts on new vehicles, including rebates and low-interest financing, averaged $1,469 per vehicle — five …

Lower auto prices are finally giving Americans a break after years of inflationary increases
9 months, 3 weeks ago

Lower auto prices are finally giving Americans a break after years of inflationary increases

LA Times  

Automobile prices, which had been fueling inflation in the U.S., are starting to drop, helping to slow overall consumer price increases and giving buyers hope of getting a deal. Even with prices edging down, Ivan Drury, director of insights at Edmunds, doesn’t foresee sales of new vehicles rising dramatically this year. Unlike with new vehicles, there’s still a limited supply …

How inflation has hit your shopping basket
10 months, 1 week ago

How inflation has hit your shopping basket

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A slowing of inflation among many everyday food and drink items, including cheese and …

Food prices fall for first time since 2021 as inflation remains unchanged
10 months, 1 week ago

Food prices fall for first time since 2021 as inflation remains unchanged

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation unexpectedly held steady last …

Inflation slows but remains elevated, a sign price pressures are easing only gradually
10 months, 1 week ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to …

Drivers hit by one of the biggest monthly jumps in fuel prices in decades
1 year, 3 months ago

Drivers hit by one of the biggest monthly jumps in fuel prices in decades

The Telegraph  

Drivers had to stomach one of the largest monthly fuel price rises in more than two decades in August, new data shows. The increase for petrol was the fifth biggest monthly jump in 23 years, according to the RAC, while the rise in diesel was the sixth biggest monthly rise. Higher wholesale prices have rapidly filtered through to the pumps, …

Retail inflation surges to 7.44% in July
1 year, 4 months ago

Retail inflation surges to 7.44% in July

The Hindu  

Retail inflation resurged in July to hit 7.44% from 4.87% in June, with consumers facing a sharp 11.5% spike in food prices. Wholesale prices Wholesale prices remained in deflationary mode for the fourth month in a row in July, but prices of food and primary articles spiked by over 7.5%, narrowing the overall price dip sharply to -1.36% from the …

Here’s why home prices stayed high in May
1 year, 5 months ago

Here’s why home prices stayed high in May

CNN  

Washington, DC CNN — Home prices remained high in May, dropping slightly from a year before when prices were near record highs and notching a monthly gain from April, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index released Tuesday. “This month’s index data tracks prices for March, April and May, a period during which mortgage rates …

June 2023 inflation quickens to 4.8% as food prices climb
1 year, 5 months ago

June 2023 inflation quickens to 4.8% as food prices climb

The Hindu  

India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs faced by households for items like cereals, pulses, milk and tomatoes. While the pace of consumer price rise in June broke a …

US consumer prices rise moderately; underlying inflation strong
1 year, 6 months ago

US consumer prices rise moderately; underlying inflation strong

Al Jazeera  

The latest data indicates the US Federal Reserve could continue with its interest rate hikes later in the summer. US consumer prices barely rose in May and the annual increase in inflation was the smallest in more than two years, though underlying price pressures remained strong, supporting the view that the Federal Reserve would keep interest rates unchanged on Wednesday …

US consumer price growth slowed last month as inflation shows signs of steady decline
1 year, 6 months ago

US consumer price growth slowed last month as inflation shows signs of steady decline

Associated Press  

WASHINGTON — Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing of inflation. Measured year over year, inflation slowed to just 4% in May — the lowest 12-month figure in over two years and well below April’s 4.9% annual rise. “I think it’s enough for the …

UK inflation: Why are food prices rising so much?
1 year, 7 months ago

UK inflation: Why are food prices rising so much?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. But food prices increased to 15.7 per cent, the highest …

How everyday food items have risen in price in the past year
2 years ago

How everyday food items have risen in price in the past year

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Food and drink inflation surged to the highest in 45 …

Inflation may be easing, but grocery prices are still way up
2 years ago

Inflation may be easing, but grocery prices are still way up

CNN  

New York CNN — Once again, food inflation is outpacing overall inflation. In the year through November, food got 10.6% more expensive, with grocery prices rising 12% and menu prices jumping 8.5%, not adjusted for seasonal swings, the Bureau of Labor Statistics said Tuesday. Food prices are affected by a number of factors, including extreme weather, diseases impacting crops and …

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter
2 years ago

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

US consumer prices finally start to ease
2 years, 1 month ago

US consumer prices finally start to ease

Al Jazeera  

Prices rose less than expected in October, pushing inflation below eight percent for the first time this year. Even with last month’s tentative easing of inflation, the Federal Reserve is widely expected to keep raising interest rates to try to stem persistently high price increases. But Thursday’s better-than-expected data raised the possibility that the Fed could decide to slow its …

Stock market surges after inflation report shows the pain of high prices may ease
2 years, 1 month ago

Stock market surges after inflation report shows the pain of high prices may ease

NPR  

Stock market surges after inflation report shows the pain of high prices may ease Enlarge this image toggle caption FREDERIC J. BROWN/AFP via Getty Images FREDERIC J. BROWN/AFP via Getty Images Stocks surged in their biggest rally in two years on Thursday, after a better-than-expected inflation report showed that the galloping price increases that consumers have endured all year are …

UK inflation accelerates to 40-year high as food prices rise
2 years, 2 months ago

UK inflation accelerates to 40-year high as food prices rise

Associated Press  

LONDON — British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents. “In today’s society, I find that completely unacceptable.” Hunt this week told the House of Commons that the government would …

How everyday food items have risen in price in the past 12 months
2 years, 2 months ago

How everyday food items have risen in price in the past 12 months

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The cost of food and …

Rising prices set to gobble up Americans’ Thanksgiving budgets
2 years, 2 months ago

Rising prices set to gobble up Americans’ Thanksgiving budgets

LA Times  

Grocery shoppers at a store in Rosemead, Calif. Higher prices for food contributed to an annual inflation rate of 8.2% in September. And in areas central to most consumers’ everyday lives, prices are rising at faster rates than many Americans have seen in their lifetimes. “It’s pretty insane,” said Laura Shouse, a small-business owner in Huntington Beach, referring to soaring …

Inflation dipped in August, but remains stubbornly high
2 years, 3 months ago

Inflation dipped in August, but remains stubbornly high

CBS News  

Inflation in August slowed for a second straight month, although prices remain near a four-decade high as costs for items such as food and rent continue to climb. The Consumer Price Index increased 8.3% in the past 12 months, as rising prices for groceries, shelter and medical care offset tumbling gasoline prices. The last inflation data amounts to a slight …

From pasta to pet food: How prices of everyday essentials are surging
2 years, 4 months ago

From pasta to pet food: How prices of everyday essentials are surging

The Telegraph  

Food Food and drink was by far the biggest driver of monthly inflation in the latest figures. Prices rose 12.7pc in the twelve months to July, the fastest pace since August 2008. Worryingly, food and drink prices jumped by 2.3pc between June and July alone, the biggest one-month jump on record. Asda’s own-brand three-litre bottle of sunflower oil – one …

UK inflation surges to new 40-year high of 9.4%
2 years, 5 months ago

UK inflation surges to new 40-year high of 9.4%

Associated Press  

LONDON — Inflation in the United Kingdom has accelerated to a new 40-year high, driven by rising food and fuel prices that are contributing to a cost-of-living crisis. Bank of England Governor Andrew Bailey said Tuesday that the bank is likely to consider raising interest rates by half a percentage point at its next meeting to help control inflation. “Here, …

Shop prices hit highest rate of inflation in almost 14 years
2 years, 5 months ago

Shop prices hit highest rate of inflation in almost 14 years

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shop prices have hit their highest rate of inflation in …

U.S. inflation hit a new 40-year high last month of 8.6%
2 years, 6 months ago

U.S. inflation hit a new 40-year high last month of 8.6%

The Hindu  

The costs of gas, food, and other necessities 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 surge of 8.3%, the Labour Department said Friday. America’s rampant inflation is imposing severe pressures on families, forcing them …

Meat in supermarkets, beer and wine in pubs – what is getting more expensive?
2 years, 7 months ago

Meat in supermarkets, beer and wine in pubs – what is getting more expensive?

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Energy prices drove most of …

US producer prices surge 11% in April as food prices jump
2 years, 7 months ago

US producer prices surge 11% in April as food prices jump

Associated Press  

WASHINGTON — U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead. The Labor Department said Thursday that its producer price index — which measures inflation before it reaches consumers — climbed 0.5% in April from March. The producer price …

Inflation At 17-Month-High: People Paying One-Fourth More In April; Will Prices Rise Further?
2 years, 8 months ago

Inflation At 17-Month-High: People Paying One-Fourth More In April; Will Prices Rise Further?

News 18  

Even as retail inflation in March touched a 17-month-high level, the prices of key commodities remain high this month also. The latest Consumer Price Index -based inflation data released recently showed that the retail inflation in March touched a 17-month high of 6.95 per cent, led by a jump in the prices of fuel and food items such as vegetables, …

Producer prices surge 11.2% in March on higher energy costs
2 years, 8 months ago

Producer prices surge 11.2% in March on higher energy costs

Associated Press  

WASHINGTON — The surging cost of energy pushed wholesale prices up a record 11.2% last month from a year earlier — another sign that inflationary pressure is widespread in the U.S. economy. The wholesale inflation report came out a day after the Labor Department reported that consumer prices last month jumped 8.5% from a year earlier — fastest annual clip …

This key inflation measure just saw its biggest gain on record
2 years, 8 months ago

This key inflation measure just saw its biggest gain on record

CNN  

New York CNN Business — US inflation kept moving higher in March and the Producer Price Index is the latest data point showing the price pressure. It was the biggest jump in prices since the data series began in November 2010, exceeding analysts’expectations and thedouble-digit jumps recorded in the first two months of the year. “It’s a good thing earnings …

U.S. consumer prices accelerate in March
2 years, 8 months ago

U.S. consumer prices accelerate in March

The Hindu  

U.S. monthly consumer prices increased by the most in 16-1/2 years in March as Russia's war against Ukraine boosted the cost of gasoline to record highs, cementing the case for a 50 basis points interest rate hike from the Federal Reserve next month. The consumer price index surged 1.2% last month, the biggest monthly gain since September 2005, the Labor …

US inflation at over 40-year high, boosting Fed’s case for aggressive hikes
2 years, 8 months ago

US inflation at over 40-year high, boosting Fed’s case for aggressive hikes

Live Mint  

US consumer prices rose 8.5% annually in March, highest since December 1981, bolstering a case for Fed to hike rates at a faster pace. The widely followed inflation gauge rose 1.2% from a month earlier, the biggest gain since 2005. The March inflation numbers were the first to capture the full surge in gasoline prices that followed Russia’s invasion of …

US inflation jumped 7.5% in the past year, a 40-year high
2 years, 10 months ago

US inflation jumped 7.5% in the past year, a 40-year high

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation soared over the past …

A key inflation gauge rose 5.8% in 2021, most in 39 years
2 years, 10 months ago

A key inflation gauge rose 5.8% in 2021, most in 39 years

Associated Press  

WASHINGTON — A measure of prices that is closely tracked by the Federal Reserve rose 5.8% last year, the sharpest increase since 1982, as brisk consumer spending collided with snarled supply chains to raise the costs of food, furniture, appliances and other goods. Stubbornly high inflation has hammered household budgets, wiped out last year’s healthy wage gains and posed a …

Why car prices remain so stubbornly high
2 years, 11 months ago

Why car prices remain so stubbornly high

CNN  

New York CNN Business — Relief from record high auto prices could be coming soon. Used car prices ended the year with an average price of nearly $30,000, up about $6,800 — or 29% — from a year earlier. Pat Ryan, founder and CEO of CoPilot, a car buying app, said that used car prices are already showing signs of …

Rising prices: Key inflation measure CPI hits a 39-year high in December 2021
2 years, 11 months ago

Rising prices: Key inflation measure CPI hits a 39-year high in December 2021

CNN  

New York CNN Business — Pandemic price hikes didn’t let up in the last month of 2021: A key inflation gauge hit a fresh a 39-year high. The US consumer price inflation index rose 7% over the past year before seasonal adjustments, the steepest climb in prices since June 1982, the Bureau of Labor Statistics reported Wednesday. Stripping out food …

US consumer price inflation rockets at fastest pace since 1982
3 years ago

US consumer price inflation rockets at fastest pace since 1982

Al Jazeera  

US inflation continues to gallop ahead, as supply chains snarls and shortages keep driving prices higher. Consumer prices in the United States rocketed 6.8 percent in November from the same period a year ago, the Bureau of Labor Statistics said on Friday. The big worry is whether this year’s blistering inflation stemming from supply chain snarls and shortages of raw …

A key inflation measure rose to a 39-year high last month
3 years ago

A key inflation measure rose to a 39-year high last month

CNN  

New York CNN Business — America’s high pandemic-era price hikes were alive and kicking last month, when a key measure of inflation climbed to a level not seen since June 1982. President Joe Biden acknowledged prices were rising but added “developments in the weeks after these data were collected last month show that price and cost increase are slowing, although …

Price rises hit Christmas shopping
3 years ago

Price rises hit Christmas shopping

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. With food prices rising, and particularly fresh food - …

Heavy burden for consumers as holidays near: Soaring prices
3 years, 1 month ago

Heavy burden for consumers as holidays near: Soaring prices

Associated Press  

WASHINGTON — A worsening surge of inflation for such bedrock necessities as food, rent, autos and heating oil is setting Americans up for a financially difficult Thanksgiving and holiday shopping season. Prices for U.S. consumers jumped 6.2% in October compared with a year earlier, leaving families facing their highest inflation rate since 1990, the Labor Department said Wednesday. America’s employers, …

Inflation: US consumer prices surge at fastest rate in 30 years
3 years, 1 month ago

Inflation: US consumer prices surge at fastest rate in 30 years

Al Jazeera  

American consumers shelled out a lot more for basic essentials last month like food, fuel, and shelter, as inflation in the world’s largest economy continues to surge. US consumer prices jumped a blistering 6.2 percent in October from the same period a year ago, the US Department of Labor said on Wednesday. October’s consumer inflation surge was led by energy, …

America’s grocery bills are surging and there’s no relief in sight
3 years, 1 month ago

America’s grocery bills are surging and there’s no relief in sight

CNN  

New York CNN Business — You’ve probably realized that shopping for food and household basics is more expensive these days. Prices shoppers paid for groceries climbed 1% in October from September and were 5.4% higher than at the same time last year, according to data released Wednesday by the Bureau of Labor Statistics. “We continue to face accelerating levels of …

U.S. consumer prices soared 6.2% in past year, most since 1990
3 years, 1 month ago

U.S. consumer prices soared 6.2% in past year, most since 1990

LA Times  

Fuel trucks line up in front of storage tanks at an Aramco oil facility in Jidda, Saudi Arabia. Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990. The year-over-year increase in the consumer price index exceeded the 5.4% …

US consumer prices rise 0.3% in August, lowest in 7 months
3 years, 3 months ago

US consumer prices rise 0.3% in August, lowest in 7 months

Associated Press  

WASHINGTON — U.S. consumer prices rose a lower-than-expected 0.3% last month, the smallest increase in seven months and a hopeful sign that a recent jump in inflation may be cooling. Over the past 12 months, prices are up 5.3%, down slightly from two consecutive months averaging 5.4%, the strongest 12-month price gains since 2008. For August, food prices rose 0.4%, …

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