As President Joe Biden signed the so-called Inflation Reduction Act of 2022, taxpayers, construction industry small businesses and climate change activists are sounding alarms about controversial labor policies in the legislation that will needlessly increase costs, reduce competition and undermine ...

Tagged with: Associated Builders and Contractors Ben Brubeck Davis-Bacon Act inflation unions

The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many Americans to spend more cautiously.

Tagged with: inflation U.S. Department of Commerce

The cost of repairing Wisconsin’s highways is now projected to be higher than in previous estimates as inflation continues to put upward pressure on materials and fuel prices, the top Wisconsin transportation official said this week. 

Tagged with: building materials Craig Thompson inflation Wisconsin Department of Transportation

Americans may finally be catching a break from relentlessly surging prices — if just a slight one — even as inflation is expected to remain painfully high for months.

Tagged with: economy inflation

The U.S. economy is caught in an awkward, painful place. A confusing one, too.

Tagged with: economy inflation

Inflation's relentless surge didn't merely persist in June. It accelerated. For the 12 months ending in June, the government's consumer price index rocketed 9.1%, the fastest year-over-year jump since 1981.

Tagged with: Federal Reserve inflation Jerome Powell

U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively -- trends that raise the risk of a recession.

Tagged with: coronavirus inflation Joe Biden

The price of a foot of water pipe in Tucson, Arizona: up 19%. The cost of a ton of asphalt in a small Massachusetts town: up 37%. The estimate to build a new airport terminal in Des Moines, Iowa: 69% higher, with a several year delay.

Tagged with: inflation infrastructure Joe Biden U.S. Department of Transportation

Inflation is hitting the country hard. Consider this: $1 million in January 2020 has the same buying power as over $1.7 million today, according to the Consumer Price Index Inflation Calculator.

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The costs of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.

Tagged with: coronavirus inflation Joe Biden