What we’re confronting today is primarily global; not just fueled but also fired up by the supply chain shutdown during the worst of the pandemic.
inflation
Posted inBusiness, Nation & World
Soaring U.S. dollar spreads pain worldwide
The soaring U.S. dollar is adding to global inflationary pressures at a time when prices were already soaring.
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Posted inNation & World, News
You can keep more money from the IRS next year, thanks to inflation
The standard deduction – the baseline amount of income that filers can collect tax free – will increase to $13,850 for individuals and $27,700 for married couples.
Posted inNation & World, News, Uncategorized
March against inflation turns up political heat in France
The march for wage increases and other demands was organized by left-wing opponents of Macron and lit the fuse on what promises to be an uncomfortable week for his centrist government.
Posted inBusiness, Nation & World
As the causes of inflation grow, so do the dangers
Consumer prices skyrocketed 6.6% from a year ago – the fastest pace in 40 years.
Posted inBusiness
U.S. retail sales stagnate as inflation, rates hit consumers
Consumers are feeling a bigger pinch from rampant price pressures.
Posted inBusiness, Nation & World, News
U.S. homes face longest streak of energy bill increases in decades
U.S. heating bills are poised to be even costlier, given signs of soaring oil and natural gas prices and cooling temperatures ahead of winter.
Posted inBusiness, Nation & World, News
Worsening inflation will pressure Fed to keep raising rates
Even with widespread price spikes, the September data showed that the prices for many physical goods, including clothing, used cars, furniture, and appliances, dropped last month.
Posted inOp-eds, Opinion
Commentary: Biden’s fight against inflation is failing homeowners
The president and congressional Democrats are relying on the Fed to bring down prices by raising interest rates.
Posted inFood, Recipes
Grocery bill going up? Here’s how to eat cheaper
With inflation affecting the price of supermarket staples, we talked to Maine food experts about shopping smart and stretching meals.