Tag: consumer-price-index-cpi
Social Security Increase Swallowed Up By Inflation
In October, the U.S. Social Security Administration declared a 5.9 percent increase in the checks received by beneficiaries beginning in Jan. 2022. This is the biggest annual cost-of-living increase in the country in around 40...
In a New Poll, Americans Say They Face Higher Household Expenses
Prices of essential goods and services have been increasing unabated over the past several months, and many Americans now report they are feeling the pressure to make ends meet. According to the results of a...
US Experiencing One of the Highest Inflation Rates in the World
Several countries around the world are grappling with inflation. The relaxation of COVID-19 restrictions has led to an increase in demand. The cost of goods has risen as a result of major supply chain issues...
China’s Factory and Consumer Inflation Spikes, Little Relief in Sight
China’s producer price index (PPI) rose by 13.5 percent in October year-on-year, which is a faster rate than the September figure of 10.7 percent. This is also the fastest pace at which PPI has risen...
Meat Prices in the US Outpace Inflation Amidst Continuing Pandemic Woes
The cost of meat at America’s butchers continues to rise as the coronavirus pandemic wreaks havoc on supply chains with little relief for consumers in sight. The Consumer Price Index, used to calculate the overall...
Even the Price of House Cleaners and Movers is Going Up
The price of hiring a mover or a cleaner is taking a bigger chunk than ever out of American taxpayers’ budgets, according to government statistics. In May, the price of moving, storage, and shipping expenses...
