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Tag: inflation

Grocery prices fall for first time in a year as food inflation eased

Food prices fell across the board in April for the first time in 12 months, according to data released Wednesday by the Labor Department. According to the Labor Department’s Consumer Price Index (CPI), a closely watched inflation indicator, household food prices fell by 0.2% in April. It was the first time since April 2023 that […]

How it started… How it’s going: Home, energy, car bills way up thanks to inflation

“The Big Money Show” co-host Brian Bremberg looks at cost changes since January 2021 and the April CPI release. The cost of housing, energy, autos, and child care have all increased since President Biden took office, and inflation remains high with no end in sight. The latest Consumer Price Index (CPI) report showed that inflation […]

Struggling restaurants announce deals to lure in customers as inflation remains high

As rising inflation continues to affect businesses across the country, several restaurant chains have announced value deals to get cash-strapped customers to return. This week, Red Lobster announced it was shuttering over 50 locations. It comes as the Bureau of Economic Analysis reported on Tuesday that inflation went up 2.2% for the year ending in […]

California Restaurants Are In Crisis As Regulations, Inflation Cost Owners

Restaurant owners in California are collapsing under the weight of costly regulations in the state and widespread inflation, the Los Angeles Times reported Wednesday. A number of California’s most popular restaurants have had to close their doors so far this year, such as award-winning Manzkes’ Bicyclette and Patrick’s Roadhouse, according to the LA Times. Struggling […]

Home Depot co-founder Ken Langone rips Biden’s ‘absurd’ claim over inflation

Home Depot co-founder Ken Langone joins “The Ingraham Angle” to talk about the economy and the president’s outlook. The prominent business leader and one of the Republican Party’s top donors did not mince words over President Biden’s repeated inaccurate inflation claims. Ken Langone, former co-founder and CEO of Home Depot, said Tuesday: “Why do liars […]

Inflation increases 3.4% in April as prices remain elevated

Gina Bolvin, president of Bolvin Wealth Management Group, discusses commodity movements, expected inflation data, the housing industry and the outlook for consumers. Inflation eased slightly in April for the first time in months, a welcome sign for the Federal Reserve even as prices remain uncomfortably high for millions of Americans. The Labor Department said Wednesday […]

April inflation falls to 3.4 percent

Inflation slowed in April after months of faster-than-expected price increases, according to data released Wednesday by the Labor Department. The Consumer Price Index (CPI), a closely watched inflation indicator, rose 0.3% in April and rose 3.4% over the past 12 months, in line with economists’ expectations. Both the monthly and annual inflation rates fell by […]