Based on last month’s retail spending numbers, maybe not. Last month’s national retail spending and manufacturing showed its largest decline all year, -0.6% from October, despite Black Friday and the holidays. In fact, last month’s... Read More
Tag: inflation
Inflation remains the top issue among Americans as the annual rate continues to increase to multidecade highs. An estimated 38% of responding Americans cited the economic issue as the most important problem in the U.S. as part of a poll... Read More
Highlights: -Inflation happens when prices rise for essential goods and services in an economy. It can be caused by multiple factors, including surges in demand and supply chain issues. -Inflation reached decade highs in the last 12 months... Read More
The prices for just about everything are continuing to go up, according to new numbers from the government. Inflation hit 8.3% in April, and even thought it has slowed from a 40-year-high, Long Islanders are still feeling a financial... Read More
Several retailers across the country are rationing the sale of baby formula amid a nationwide shortage. According to USA Today, Walgreens is limiting customers to three products per person to prevent customers from stockpiling baby... Read More
U.S. consumer prices rose 6.2% from October 2020 to October 2021, marking the fastest inflation growth since 1990… The consumer price index (CPI) rose 0.9% in October, which was 0.6% higher than analysts... Read More