Price Gouging
Inflation in the United States: What You Need to Know
The government reported on Friday that consumer prices climbed 8.6 percent over the year through May, the fastest rate of increase in four decades. Americans are confronting more expensive food, fuel and housing, and some are grasping for answers about what is causing the price burst, how long it might last and what can be […]
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High Inflation Could Persist as Wages Continue to Rise
Economists have been waiting for Americans to shift from buying goods, like furniture and appliances, and toward spending on vacations, restaurant meals and other services as the pandemic fades, betting the transition would take pressure off supply chains and help inflation to moderate. Rapid wage growth could make that story more complicated. Demand for services […]
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Democrats Blast Corporate Profits as Inflation Surges
Inflation remains rapid as the economy enters 2022, and Democrats have begun pointing to a new culprit for the high and lasting price increases: Greedy corporations. Senator Sherrod Brown of Ohio, Senator Elizabeth Warren of Massachusetts, and the White House spokeswoman, Jen Psaki, have been among those pointing to excessive profits in certain industries as […]
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Consumer Prices Rose at Fastest Pace Since 1982
Prices are rising at the fastest clip in nearly 40 years, fresh data released on Friday showed, as supply chain disruptions, rapid consumer demand and rising housing costs fuel an inflationary burst. The spike in consumer costs could spell trouble for officials at the Federal Reserve and the White House, who are trying to calibrate […]
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