The pandemic is beginning to recede as a top priority in the minds of Americans.
inflation
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.
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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.
Posted inBusiness, Maine
Pandemic-related inflation hits Maine auto market, especially for used cars
Used car prices jumped by 45% nationally during the 12-month period ending in June to a record average sale price of $25,000.
Posted inBusiness, Maine
Mainers dig deeper to pay for goods and services as inflation rises
Consumer prices rose by an average of 5% in the Northeast over the past year – three times the annual U.S. average over the previous decade.
Posted inOp-Eds, sj-web
Will inflation derail the U.S. economy?
WASHINGTON — Inflation is back. What do we do about it? For starters: Don’t ignore it. The latest consumer price index (CPI) — the government’s best-known inflation indicator — reported a 2.9 percent increase from July 2017. The last time the year-over-year gain was higher was in December 2011. Though hardly a cause for panic, […]
Posted inOp-Eds, sj-web
Run the economy hot? We’ve done that
WASHINGTON — Can we run the economy “hot”? To those who think that President Trump’s economic policy is simply an extended program to make the rich richer, there is another, more subtle possibility. The focus on the rich, while understandable, simplifies and misrepresents Trump’s larger ambition. This is to create an economy that is operating […]
Posted inOp-Eds, sj-web
Will inflation come back to haunt U.S.?
WASHINGTON — Anyone looking for good economic news will be disappointed by the latest inflation report, which showed the Consumer Price Index (CPI) advancing by 0.5 percent in January. By itself, this isn’t especially alarming — prices jump around month to month — but it has troubling implications for the future. To some economists, it […]