Gasoline prices are approaching a record high, and heating oil already has surpassed the previous record.
inflation
Posted inBusiness, Maine
In a cold winter, Maine household budgets buckle under growing energy burden
Skyrocketing prices for electricity, heating oil and gasoline are hitting Mainers especially hard when the mercury falls.
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Posted inBusiness, Nation / World
Biden has long-term inflation plan, but voter patience is short
He believes a cluster of companies control too many industries, which reduces competition for customers and workers.
Posted inBusiness, Maine
Maine businesses and residents feel inflation’s bite
Business owners and consumers say higher prices threaten to slow the state’s economic recovery as inflation hits a 40-year high.
Posted inBusiness, Nation / World
U.S. inflation soared 7% in past year, the most since 1982
Prices rose sharply in 2021 for cars, gas, food and furniture as part of a rapid recovery from the pandemic recession.
Posted inNation / World
Americans are more concerned about inflation, less about virus, poll finds
The pandemic is beginning to recede as a top priority in the minds of Americans.
Posted inBusiness
Food costs ease from near record, offering inflation respite
A United Nations index tracking everything from grains to meat fell 0.9% in December, potentially helping to ease the run-up in prices of grocery store products. Still, the gauge remains near 2011’s all-time high.
Posted inBusiness
Federal Reserve to accelerate withdrawal of economic aid as prices surge
Officials expect inflation to ease in late 2022.
Posted inBusiness, Nation / World
Inflation set to spoil holidays for struggling U.S. families
Lower-paid workers’ wages have increased in the past year, but prices are rising faster.
Posted inBusiness, Nation / World
Defying inflation, Americans increased their spending in October
The October gain the government reported Tuesday was solid enough for most economists to anticipate holiday shopping jumping by a record amount this year.