inflation | Page 7

The Bureau of Labor Statistics (BLS) reported on Jan. 12 that the Consumer Price Index (CPI), which reflects inflation from the perspective of end consumers, rose 7.0 percent in the 12 months through December, a level not seen since June 1982, when it hit 7.2 percent.

Jan Hatzius, chief economist at Goldman, wrote in a note Sunday that the investment bank is predicting a fourth 25-basis-point rate hike in December of this year, up from an earlier projection of three.

With inflation up, customers are looking to trim expenses. Here's how to make sure your contract survives.

RPM International (NYSE: RPM) had a mixed quarter and one that reveals the two-edged sword of inflation. The company grew revenue and at a pace above consensus but the gains...

A used car in the United States costs approximately 39 percent more than what it did a year back.

Housing prices continued to rise in October, but at a slower rate than previous months, according to new data.

Cal-Maine Foods (NASDAQ: CALM) had a good quarter and a bad quarter during the calendar 3rd quarter and it looks like the underlying trends will remain in place for at...

National average retail gasoline prices have been in a downward trend since peaking at $3.505 for the week ending Nov. 8, according to the Energy Information Administration (EIA).

The Commerce Department reported on Dec. 23 that the headline Personal Consumption Expenditures (PCE) price index rose by 5.7 percent in the 12 months through November. The highest level since July 1982, when PCE inflation hit 5.8 percent.

Twenty-six percent of Americans say their financial situation will get worse in 2022, and forty-two percent say their financial situation will stay about the same in 2022.

PWBM, a nonpartisan research-based initiative, estimates that the historic levels of inflation will require the average U.S. household to spend around $3,500 more in 2021 to achieve the same level of consumption of goods and services as in 2019 or 2020.

According to data from the Bureau of Labor Statistics, the Consumer Price Index increased 6.8 percent in the 12 months through November, the fastest climb in 39 years.

Tyson, the largest American meat company by sales, said that it has invested around $70 million this year and will invest more than $500 million in 2022 as it automates many labor-intensive sections like deboning chicken products.

A survey released on Dec. 6 by NABE shows that its panel of forecasters expects consumer prices to rise 6 percent in the final quarter of the year compared to the year-ago quarter.

Industry experts recommend customers start buying their trees-real or artificial-earlier this season, and expect to pay 10 to 30 percent more than last year.

The findings found "the average cost of this year's classic Thanksgiving feast for 10 is $53.31 or less than $6.00 per person. This is a $6.41 or 14% increase from last year's average of $46.90."

"Strong job and income growth, as well as fierce competition for for-sale housing, is fueling demand for single-family rentals," said Molly Boesel, principal economist at CoreLogic.

Inflation doesn't have to doom your new business. Done right, you might even help the bottom line.

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.

Currently, inflation of the U.S. dollar is at its highest level since 1990.

For the week of Nov. 1, the national average for a gallon of regular gasoline rose to a seven-year high of $3.390, up less than a cent from $3.383 the week prior, according to the U.S. Energy Information Administration (EIA).