Producer prices and consumer prices both came in hot in January
Wholesale and retail prices rose more than expected in January, with data showing stubborn inflation and the Federal Reserve potentially holding off on cutting interest rates. The producer price index (PPI), which measures how much businesses pay each other for goods and services, rose 0.3% in January, beating expectations of 0.1%. Service prices rose 0.6% […]
Gas prices jolted up by 12 cents as Indiana oil refinery remains closed: AAA
Ohio saw the biggest increase of 30 cents. (iStock) Gasoline prices have hit their highest jump in recent months. Last week’s average price was $3.27, an increase of 12 cents from the previous week. AAA report found. The current national average gas price is 21 cents higher than this time last month, but 14 cents […]
Wholesale prices jump more than expected to stoke inflation fears
U.S. producer prices rose more than expected in January as the cost of services such as hospital outpatient care and portfolio management rose sharply, raising concerns that inflation is accelerating after several months of cooling. has increased. The increase announced by the Labor Department on Friday was the largest in five months. The report was […]
Mortgage interest rates jumped up this week, along with prices: Freddie Mac
Although interest rates and the number of home listings are rising, potential buyers are feeling anxious about making a purchase. (iStock) Potential homebuyers may need to wait a little longer until interest rates drop below 6%. The average mortgage rate for a 30-year fixed-rate mortgage rose to 6.77% this week. Freddie Mac reported. Last week’s […]
More Bad Inflation News – Wholesale Prices Rise
The Pro-Trump News homepage sees 60 new headlines every 24 hours. Click here to take a look. Joe Biden’s economy is a disaster. Wholesale prices rose 0.3% in the month, but economists had expected a rise of just 0.1%. CNBC reported: Wholesale prices rose more than expected in January, further complicating the inflation picture, according […]
Desperate Car Dealers Slashing EV Prices to Try and Boost Sales
Damn it. Do you want to buy a new electric vehicle (EV)? No, neither do I, but some people do, and desperate automakers are cutting prices by up to a quarter to move inventory. I am being welcomed by the dealer. This Is Money report According to market analysis by What Car?, the average discount […]
Florida home prices fall over surging insurance costs
The insurance crisis hitting the Sunshine State has caused a surge in excess inventory and sent home prices plummeting along Florida’s southwest coast. Real estate agents said rising home insurance prices are deterring would-be snowbirds from buying property in the popular corridor between Sarasota and Naples. Prospective buyers are spooked as insurance premiums have risen […]
Adele Facing Backlash from Fans over High Ticket Prices
Music icon Adele enjoys a passionate following from her fans due to the exorbitant ticket prices for her European tour, which cost more than $1,000. “It would take a lot of effort to pay £984 for the best seat in the house during a 10-night stay in Germany.” Sun. “Tickets for her first European performance […]
Beef prices could hit record highs in 2024, experts warn: Here’s why
(NEXSTAR) — It may not be surprising to hear about rising costs at grocery stores in recent years (remember when egg prices skyrocketed during the pandemic?). Now, experts are warning that another food commodity, beef, could reach record prices. Latest consumer price index report Beef and veal prices are up 7.7% compared to January 2023, […]
January inflation breakdown: Where are prices still rising the fastest?
The “Morning with Maria” panel discusses the U.S. economy and markets after January’s CPI of 3.1% year-over-year. Inflation rose faster than expected in January as rising rent and food costs raised prices for millions of American households. The Labor Department said Tuesday that the consumer price index, which measures the price of daily necessities including […]