After a year of soaring prices for gas, food and other necessities, inflation may have eased slightly in April from a 40-year high, the first slowdown after seven consecutive months of worsening price increases.

Tagged with: economy inflation Joe Biden

President Joe Biden said Tuesday his administration will suspend a federal rule that bars higher levels of ethanol in gasoline during the summer. The move, which Biden announced during a visit to Iowa, is intended to tamp down prices at the pump that have spiked during Russia's war with Ukraine. Iowa is a key producer of the corn-based fuel additive.

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Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received.

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Everyone knows inflation is bad. The pressing question is whether everyone expects it to stay that way.

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After beginning the year in a buying mood, Americans slowed their spending in February as prices for food, gasoline, toothpaste and just about everything else continue to rise.

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Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy.

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Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% in the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

Tagged with: inflation U.S. Department of Labor

An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia's invasion of Ukraine.

Tagged with: inflation U.S. Department of Commerce

Materials prices have continued to rise into the new year for contractors both in Milwaukee and nationally following a year of steep increases.

Tagged with: Associated General Contractors of America inflation materials prices Mortenson

Wholesale inflation in the United States surged again last month, rising 9.7% from a year earlier in a sign that price pressures remain high at all levels of the economy.

Tagged with: inflation U.S. Department of Labor