Soaring U.S. diesel prices slam local communities as fuel costs surge
The surge in diesel prices this year is putting a financial squeeze on schools, farms and small businesses around the U.S.
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The surge in diesel prices this year is putting a financial squeeze on schools, farms and small businesses around the U.S.
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
Economic activity weakened between April and June as energy costs surged, new government data shows.
Thirty percent of respondents said they shoplifted this year, with most citing affordability concerns and financial hardship.
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
A quarter of working-age adults use credit cards to purchase groceries but struggle to repay their debts, a new study finds.
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
The impact of higher energy prices and fears about covering monthly bill is taking a toll on public sentiment, a new Gallup poll finds.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
The cost of ground beef in the U.S. has soared in recent years and is forecast to jump even further in 2026. What gives?
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Most Republicans feel Trump has done more than expected, while others have views that are more mixed.
