Written by CHRISTOPHER RUGABER U.S. inflation slowed for a second straight month on a sharp fall in gas prices, yet excluding energy most other items got more expensive in August, a sign that inflation remains a heavy burden for...
Recently, inflation for the price of food, fuel and other staples hit a record 30-year high. Inflation corresponds to a decrease in purchasing power. When the price of a good increases, the purchasing power of the dollar can buy fewer goods and services. Duke University economists recently discussed the causes of inflation from pandemic relief and how it can affect a day-to-day life.
Written by JOSH BOAK and COLLEEN LONG President Joe Biden on Tuesday ordered 50 million barrels of oil released from the nation’s strategic reserve to help bring down energy costs, in coordination with other major energy...
Written by LEE KEATH Not long ago, Ferishta Salihi and her family had enough for a decent life. Her husband was working and earned a good salary. She could send several of her daughters to private schools. But now, after her...