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INFLATION


Explaining Central Florida’s affordable housing crisis

Take a look at why Florida is now considered the least affordable place to live in the entire country.

Federal Reserve may freeze labor to fight inflation, experts say

America has been bogged down with the worst inflation in decades. Economist Sean Snaith blamed bad policy in response to the COVID-19 pandemic.

Here’s why inflation may be less costly for some retirees

Annual inflation grew by 8.3% in April, but some retirees may be shielded from certain swelling costs, according to a J.P. Morgan report.

cnbc.com

How to calculate your own personal inflation rate amid rising prices

To figure out how much inflation is impacting your wallet depends on what you're spending and where. Here's how to calculate your personal inflation rate.

cnbc.com

US producer prices surge 11% in April as food prices jump

U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.

It might be time to bring up inflation to negotiate a raise—here's how to do it

High inflation and a tight labor market means workers have more leverage to make the case for a raise.

cnbc.com

US inflation dips from 4-decade high but still causing pain

Inflation eased slightly in April after months of relentless increases but remained near a four-decade high, making it hard for millions of American households to keep up with surging prices.

The Weekly: Florida Congressman Soto talks Roe v. Wade, inflation

U.S. Rep. Darren Soto, D-Kissimmee, joined anchor Justin Warmoth on "The Weekly" to discuss the potential ruling, inflation, and whether he believes the Biden Administration is doing enough to curb the high cost of living.

Here’s how much food prices have risen in the last year

According to the latest Consumer Price Index report from the U.S. Bureau of Labor Statistics, food-at-home prices have risen 10% in the last 12 months.

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Surging sales at McDonald’s offset trouble in China, Russia

McDonald’s said higher U.S. menu prices and easing COVID restrictions in Europe helped offset troubled markets like China and Russia in the first quarter.

Pine Hills church to give away gas, groceries, job opportunities at free event

A Pine Hills-based church is working to get results and help families amid rising gas prices and the impacts of inflation.

Here’s why US inflation is so high and how long it could linger

Another month, another four-decade high for inflation.

Inflation's impact on bond ETFs worries advisors

Inflation is currently the No. 1 concern of financial advisors, according to a new survey conducted by ETF Trends.

cnbc.com

Biden waiving ethanol rule in bid to lower gasoline prices

President Joe Biden has journeyed to corn-rich Iowa to announce he's suspending federal rules that restrict ethanol in gasoline, aiming to strike at least a small blow against surging inflation.

US inflation jumped 8.5% in past year, highest since 1981

Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.

Floridians finding cheaper transportation as fuel price rise

As gas prices continue to rise, drivers are seeking cheaper alternatives of transportation.

5 things I learned about inflation, after talking to an expert

Inflation is the topic of the month in our solutions journalism show, “Solutionaries.”

Inflation and car prices: What’s going on? How did this happen?

It seems like you hear about it more and more these days: The extreme lengths people are going to in order to buy a new house; how much it costs to fill up the gas tank; and what we’re spending at the grocery store.

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With soaring gas prices, EVs and public transportation have never looked more attractive

The nationwide average price for a gallon of unleaded gas has reached record highs in 2022, according to GasBuddy.com.

We asked how inflation is affecting your life. Here’s what you had to say.

Just last week, we asked you, our readers and viewers: When it comes to inflation, or even just when you hear the word, what do you think of first? Or better yet, what’s affecting your life the most?

🔓TELL US: How is inflation affecting you?

Let’s face it, inflation is probably affecting just about every one at this point. Whether it’s gas prices, cost of groceries or paying rent, many are struggling to stay afloat.

Tell us: How is inflation affecting your life?

Inflation is a word that fills many with dread. A recent Harris Poll found that 55% of Americans are worried about inflation and what it will do to their cost of living.

Ships are sitting offshore containing items that we desperately need -- what can be done?

If you’re in the Jacksonville, Florida area, you’ve likely seen the logjam of container ships sitting idly offshore. The vessels are packed with items destined for store shelves -- and they’re things business owners and consumers desperately need delivered.

How do your county’s current gas prices compare to last week, last month?

If you’ve been to the gas pumps lately, or even listened to any news outlet, you’re likely well aware that gas prices are at a painful high.

The Weekly: Here’s what’s causing Central Florida rent prices to skyrocket

With record-breaking inflation, everything is more expensive right now. Rent prices are no exception.

More Americans filed for unemployment benefits last week

Slightly more Americans applied for unemployment benefits last week, but layoffs have settled to the low, pre-pandemic levels before 2020′s coronavirus recession.

US inflation soared 7.9% in past year, a fresh 40-year high

Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

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‘Only time will tell:’ Orange County leaders worry rising gas prices will impact tourism

With the gas prices shattering a record high on Tuesday, concerns are rising about the impact it will have on Central Florida tourism.

Shrinkflation: Consumer products may continue to shrink in size, experts say

More and more products are shrinking in size or quantity, experts say.

Sticker shock: Gas prices shatter record high. Here’s how much you’ll pay at the pump

Gas prices are skyrocketing.

Sea-Lead to service Jacksonville port in ‘solution’ for supply chain issues, Gov. DeSantis says

Singapore-based shipping company Sea Lead will now service Jacksonville Port Authority, Florida Gov. Ron DeSantis said Friday.

Cost of living: Heineken to put up beer prices as its costs soar

The brewer blames rising inflation, adding that people may drink less beer as a result.

bbc.co.uk

Wholesale inflation surges 9.7% from year ago

Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy.

Could gas prices reach $4 a gallon? Gas Buddy analyst weighs in

Even with inflation reaching its highest point in 40 years, it seems the high price of gas — at its highest level in eight years — is frustrating Americans the most.

Inflation, supply chain issues causing problems for Super Bowl snacking in Central Florida

A staple of Super Bowl Sunday will likely cost you a lot more — Chicken wings.

4 Rivers debuts new ‘Inflation Menu’ with budget friendly bowls

With prices soaring on everything from lumber to groceries, 4 Rivers Smokehouse is debuting a budget-friendly 'Inflation Menu.'

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Inflation in 19 countries using the euro hits another record

Inflation fed by high oil and gas prices hit record levels in Europe for the third month in a row.

Despite omicron hurdles, strong economic recovery appears on track

The economy has become more resilient to the virus with each new variant. But it’s become clear that the rebound will revolve around pandemic caseloads.

washingtonpost.com

How Fed hikes could affect mortgages, car loans, card rates

With the Federal Reserve signaling it will begin raising its benchmark interest rate as soon as March — and probably a few additional times this year — consumers and businesses will eventually feel it.

Fed to signal rate hike as it launches risky inflation fight

With inflation punishing consumers and threatening the economy, the Federal Reserve will likely signal its intent this week to begin raising interest rates in March for the first time in three years.

Inflation climbs at fastest pace in nearly 40 years

Inflation surged to its highest level in nearly four decades in 2021. The Consumer Price Index increased by 0.5% in December, for a total annual increase of 7%. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join CBSN to discuss the Biden administration's plans to combat inflation and what it means for Americans moving forward.

news.yahoo.com

Inflation at 40-year high pressures consumers, Fed and Biden

Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.

Some regret sitting on housing market sidelines

As South Florida home prices spiked during the pandemic, some people decided to put their home shopping on pause in the hopes that prices might drop, a decision they are coming to regret.

Consumer prices up 5.7% over past year, fastest in 39 years

U.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years as a surge in inflation battered Americans as the holiday shopping season was getting under way.

‘It’s up, up, up:’ The inflation rate is 6.8%. Here are the many reasons

The current year over year inflation rate, from November 2020 to November 2021, is 6.8%.

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How bad is inflation? Even millionaires are worried about it.

For the wealthy and affluent, inflation brings the threat of higher interest rates, which increases the cost of borrowing and can put pressure on asset values.

cnbc.com

The Fed Abandons the Wrong Word But Needs the Right Policy

Chair Jerome Powell is right to retire the term “transitory.” Now the bank should change its approach to fulfilling its mandate.

washingtonpost.com

You can’t stop inflation, but here are some ways to offset the higher costs

Take advice from the experts about how to beat inflation or even benefit from it.

washingtonpost.com

US wholesale prices rose record 8.6% over 12 months

Inflation at the wholesale level rose 8.6% in September compared to a year ago, the largest advance since the 12-month change was first calculated in 2010.

Social Security cost-of-living adjustment largest in decades as inflation jumps

Millions of retirees on Social Security will get a 5.9% boost in benefits for 2022.

Your wild home-buying, selling stories: These 17 help paint the picture

We’ve all heard about it by now: Houses are selling like crazy (and they have been for quite some time now), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.

Walmart and Home Depot Confront a Reshaped Covid World

With the surge in pandemic spending fading, retailers must navigate unprecedented territory.

washingtonpost.com

U.S. Inflation Is The Highest It's Been In 13 Years

Experts say the current rise in prices will be short-lived.

newsy.com
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