Tag: price increases
-
Food prices are still soaring — here's what's getting more expensive
New York CNN Business — Inflation may be slowing, but food prices are still through the roof. Food costs spiked 11.4% over the past year, the largest annual increase since May 1979, according to data released Tuesday by the Bureau of Labor Statistics. Americans browsing the supermarket aisle will notice most food items are far…
-
$4 gas could be coming — again
New York CNN Business — Here’s the bad news first: Gas prices are on the rise in most of the US and could soon hit a national average of $4 a gallon for the first time in two months. But the good news is prices might not stay there long, as they’re already falling in…
-
Here's why 75% of likely voters think we are in a recession — even though we're probably not
New York CNN Business — A new CNN poll shows that three-quarters of likely voters feel like the US economy is in a recession. It’s probably not, but that’s not the point. The technical definition of a recession is two consecutive quarters of economic contraction, which the US economy recorded in the first half of…
-
Food prices are still surging — here's what's getting more expensive
New York CNN Business — Prices at the grocery store continued to soar last month, adding even more pressure to shoppers’ wallets. The food at home index, a proxy for grocery store prices, increased 0.7% in September from the month prior and a stunning 13% over the last year, according to new government data released…