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 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.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
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.
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.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.
Stocks fell after new government data showed U.S. employers shed 92,000 jobs in February and as investors fret over oil prices.
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Economists had expected CPI to rise at an annual rate of 3% last month.
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
