Rising food prices taking a toll on Bay Area restaurant owners
Skyrocketing inflation is impacting many business sectors, but it is also hitting Bay Area food lovers right in the gut.
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Skyrocketing inflation is impacting many business sectors, but it is also hitting Bay Area food lovers right in the gut.
Len Ramirez reports on the struggles one Los Gatos restaurant owner is facing due to spike in inflation (7-13-2022)
Danya Bacchus reports on consumer prices increasing 9.1% over the last 12 months according to the Labor Department (7-13-2022)
Investors are monitoring economic data for clues on inflation trajectory, with eye on Friday release of June employment numbers.
California's gas tax will go up just as people hit the road for the holiday weekend. There's a new effort in Sacramento right now to try to lower prices. Shawn Chitnis reports. (6-30-22)
California lawmakers have struck a deal to send $7 billion back to taxpayers to counter soaring inflation. Opinions are mixed as to what the money will pay for and whether it will help.
Millions of Californians will recieve stimulus payments as part of the state budget deal. Lauren Toms breaks down how it works.
CBS News business analyst Jill Schlesinger talks about impact the Federal Reserve's .75% interest rate hike will have (6-16-2022)
For anyone used to the Bay Area housing market being white hot, the idea of a buyer's market is unfathomable. But with interest rates rising and more homes coming online, a cool-off might be underway.
For anyone used to the Bay Area housing market being white hot, the idea of a buyer's market is unfathomable. But with interest rates rising and more homes coming online, a cool-off might be underway. Andria Borba reports. (6/15/22)
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Skyler Henry reports on how the hike in a key interest rate will combat inflation (6-15-2022)
Rising prices on everything from gas to food and stock market woes have many families wondering what to do during times like these.
Stocks are in a bear market and inflation is at a 40-year high. Kenny Choi has tips to protect your self and manage your family's finances in these volatile times.
Most stocks on Wall Street dipped Tuesday in their first trading after tumbling into a bear market on worries that high inflation will push central banks to clamp the brakes too hard on the economy.
May figures show inflation rose more than 8%, the highest jump in more than four decades. Sara Donchey reports. (6-10-22)
May surge in consumer prices raises odds that the Fed will continue to sharply hike interest rates.
Len Ramirez reports on San Jose's Santana Row shopping area seeing a busy holiday crowd Monday (5-30-2022)
Perfect weather and no COVID health restrictions seemed to put shoppers in a buying mood on the Memorial Day holiday as they filled the sidewalks at Santana Row.
For the Bay Area and a little bit beyond, Santa Cruz is a terrific “one-tank and don’t-break-the-bank” getaway. Len Ramirez reports. (5-27-22)
Jocelyn Moran reports on Bay Area residents seeing highest food prices at grocery stores in years (5-16-2022)
Soaring inflation will trigger an automatic increase in California's minimum wage next year, Gov. Gavin Newsom's administration announced Thursday.
Debra Alfarone reports.
The costs of air travel, lodging and fuel are up double digits this year and they're not likely to fall before the summer travel season ends. (4-28-22)
It's a cross between shopping and hunting for buried treasure. But at a time of rising prices, a new store in Santa Rosa is turning inflation upside down. John Ramos reports. (4/26/22)
