The site answers questions about the $850 checks that will be sent to many Mainers beginning in June.
inflation
Posted inBusiness, Nation / World
U.S. inflation jumped 8.5% in past year, highest since 1981
Some economists suggest that inflation is at or near its peak, but it could take time to come back down.
advertisement
Posted inMaine, News
Gov. Mills proposes payments of $850 to qualifying Mainers as she revises budget
The total amount of direct relief to individual Mainers would be increased by $100 from the governor’s previous plan.
Posted inBusiness, Nation / World
Fed hikes key interest rate to fight inflation, with more to come
The Fed’s quarter-point hike in its key rate, which it had pinned near zero since the pandemic recession struck two years ago, marks the start of its effort to curb the high inflation that has followed the recovery from the recession.
Posted inCoastal Journal
Brunswick pizza joint’s price hike can be blamed on global economic forces
Tess’ Market manager said the business had no choice but to raise prices for only the third time in 20 years.
Posted inBusiness, Maine
Ukraine crisis sends fossil fuel prices soaring in Maine
Gasoline prices are approaching a record high, and heating oil already has surpassed the previous record.
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.
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.