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Tag: inflation

Diesel is approaching $10 a gallon in Montreal, Canada, amounting to $7.85 USD for an American who needs to fill up.
Diesel Now $10 a Gallon in Canada
The price of diesel in some parts of Canada has hit $10 per gallon, according to government data.  According to the Natural Resources Canada (NRCan) website, among major metropolises, the price of diesel is highest...
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NYC: Inflation Threatens to Upend Eric Adams’ Near $100-Billion City Budget
New York City Mayor Eric Adams’ fiscal 2023 budget proposal, which was unveiled on April 26 at his first ever State of the City address, and was subsequently amended to include over $1 billion more...
Indonesia extended its worldwide export ban on palm oil to include crude palm oil, increasing global food shortage and inflationary pressures.
Oil Used in Oreos and Toothpaste Becomes 10% More Expensive After Indonesia Bans Exports
Just days after Indonesia, the world’s largest exporter of the world’s most widely used vegetable oil, palm oil, relaxed markets by announcing an export ban set to come into effect April 28 would only be...
Russia's inflation and supply chain are being hammered by western sanctions, they admit.
Russia Admits Heavy Pressure Under Sanctions, But Says Its Economy Far From Collapse
As the war between the Russian Federation and Ukraine rages into its third month, Russia’s economic engine battles on a "second front" against financial and business sanctions imposed by the West in response to the...
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German Retailers Announce Food Prices to Soar Amidst Inflation not Seen in a Generation
Mere days after Germany reported the highest inflation in generations — 7.6 percent in March — the German Retail Federation (HDE) told consumers to prepare for another wave of massive price hikes for everyday goods...
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CP Rail Blaming Union for Work Stoppage Threatening Canadian Farm Output
Conductors, engineers and yard workers for Canadian Pacific Railway Ltd. (CP) have stopped work and are now on picket lines after the union representing the workers, Teamsters Canada Rail Conference (TCRC), failed to agree on...
All about North American gas prices. Factors contributing to shocking bills at the pump are simply heavy taxation, inflation, and a lack of competition in the marketplace.
Everything You Need to Know About North American Gas Prices Following Russia’s Invasion of Ukraine
Although Russia’s war against neighboring Ukraine is 5,000 miles away on the other side of the world, the reverberations have been felt by citizens of North America, not through trendy #StandWithUkraine social media snippets, but...
Visa and Mastercard will hike fees charged to businesses known as interchange fees in April despite massive inflation, according to reports.
More Bad News for Consumers: Visa and Mastercard Will Hike Merchant Fees In April
As North American households struggle to survive amid wildly surging inflation caused by pretexts of supply chain issues arising from Coronavirus Disease 2019 (COVID-19) and the Russia-Ukraine conflict, the only news seems to be more...
Target will raise the minimum wage for some hourly employees in some locales to $24 per hour amid cost of living woes.
Target Raises Minimum Hourly Wage for Some Positions to $24
Retailer Target announced it would raise the minimum wage for some workers from $15 to $24 per hour to counter inflation and compete in an increasingly tightening labor market. Target, which employs some 350,000 employees...
U.S. gas prices are flirting with $4 per barrel on average as high oil prices and the Russia-Ukraine conflict stoke a global inflation crisis.
Skyrocketing US Gas Prices Reach $5, Is There a Ceiling?
Average gas prices are nearing the $4 per gallon mark due to unrest over the Ukrainian-Russian conflict, pushing inflation numbers to their highest levels in nearly 40 years. As of Feb. 5, Americans were paying...
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Nearly Half Of Americans Earning Over 100k Living Paycheck-to-Paycheck, Report
According to a recently published report by LendingClub Corporation in partnership with PYMNTS.com, 48 percent of Americans earning in excess of $100,000 per year are living paycheck to paycheck.  To compile the report PYMNTS.com collected ...
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Over Half of Canadians Struggling With Cost of Living, Angus Reid Poll
According to new data released by the Angus Reid Institute (ARI) on Feb. 28 over half of Canadians say they feel as though their incomes are outpaced by the rising cost of living.  As the...