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The Tall City’s reliance on oil and gas makes it particularly vulnerable to high inflation.
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The average out-of-stock rate for baby formula at retailers across the country was 43% during the first week of May, according to the firm Datasembly.
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The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.
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Surging inflation is the side-effect of a fast-recovering economy, but families without a financial cushion are eyeing the trend with trepidation. For many, fast-rising gas and food prices mean figuring out what to cut from the household budget to cover basic needs.
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Consumer prices rose 5.4% in July, compared to a year ago. Here's one thing to watch going forward: How rising wages impacts inflation.
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Americans continue to say they approve of how the president is handling the coronavirus pandemic, but he may be running into speed bumps because of inflation and other issues.
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Prices for a range of goods from used cars to bacon surged last month, pushing consumer inflation to 4.2% in April, the highest since September 2008.