As the end of the year approaches, people across China see higher prices at grocery stores, gas pumps, and even at home as Beijing tries to tame inflation. According to a December report by China’s Bureau of National Statistics, the country’s producer price indexes (PPI) in October and November were up by 13.5 percent and…
Americans Make Tough Budget Choices as Inflation Hits Home
Americans are feeling the economic pain as consumer prices rose nearly 7 percent over the past year, a reality that is causing tough choices and belt-tightening at home as a hedge against the higher cost of living. The jump in prices of gas, food, and durable goods has changed the travel plans and Christmas shopping…
Prices Expected to Rise Two Times Higher Than Wages: Fed Survey
U.S. consumers expect short-term inflation to go up along with a drop in future earnings in November, implying a worsening economic outlook with higher prices surpassing any growth in wages, according to a New York Federal Reserve survey released on Monday. The Survey of Consumer Expectations, taken from a pool of 1,300 household heads, show…
Food-Bank-Dependent Families Suffer from Supply Chain Disruptions
Inflation, shipping delays, supply-chain issues, pandemic lockdowns, and labor shortages have contributed to price increases and scarcities that have now started affecting food banks across the country, on which the most vulnerable population depends during difficult circumstances. “The recovery is going to be very, very long and steep for families who are typically reliant on…
Your Money Is Now Losing Close to 1 Percent of Its Value Every 30 Days, According to Labor Bureau Data
The U.S. dollar is now losing close to 1 percent of its value every 30 days, according to U.S. Bureau of Labor Statistics data released on Wednesday. Currently, inflation of the U.S. dollar is at its highest level since 1990. The Consumer Price Index (CPI), a measure of the average monthly change in the price for…
Dollar Falls From 15-Month High, Central Banks Hold Interest Rates Steady Amidst Rising Inflation
November 8, 2021
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The dollar made a steady start on Monday but fell below the 15-week peak reached after the Nov. 5 release of jobs data, as wary investors remained watchful of the central bank’s continued tolerance of inflation amidst the market’s volatile interest rate projections. Investors are waiting for U.S. Consumer Price Index data due on Wednesday….
NTD Business Full Broadcast (Oct. 13)
The consumer price index is back at its highest reading since 2008. Prices for essentials like food and energy are up significantly, so will the government still move forward with its massive spending plans? President Biden holds a meeting on supply chain issues, which are putting Christmas at risk. Experts tell us his plan does…
Inflation Surges at 13-year High Amid Global Supply Chain Chaos
U.S. consumer prices in September accelerated at their fastest annual rate in 13 years amid a spike in energy prices and supply chain disruptions, according to figures released by the Department of Labor on Wednesday. Data released by the agency shows the consumer price index, which measures what consumers pay for goods and services and serves…
Consumer Price Hikes Soften in August, Annual Inflation Stays Stubbornly High
The pace of consumer price inflation fell in August to its lowest monthly level since February, though the 12-month rate of inflation remained historically high, a new government report shows. The consumer price index (CPI) rose 0.3 percent in August from July, the Labor Department said in a Sept. 14 report, with consensus forecasts predicting a slightly…
Inflation Slows in July But Still a Concern as It Broadens and Stays Historically High
Consumer prices rose in July at their slowest monthly pace since February, though a broadening of price pressures suggests inflation may be more persistent than Federal Reserve officials predict, offering little relief to American households rocked by months of surging prices. The Labor Department said in a report Wednesday that the consumer price index (CPI) jumped…
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