Fox News contributor and The King’s College economics professor Brian Brenberg rips President Biden blaming oil companies for rising gas prices. Fox News contributor and The King’s College economics professor Brian Brenberg ripped President Biden after he blamed oil companies for high gas prices during his appearance on ABC’s “Jimmy […]
prices
Consumer prices jumped 8.6 percent in May compared to last year as inflation holds grip on U.S. economy
The Consumer Price index, which tallies the cost of a basket of goods month to month, jumped 1 percent in May compared to the 0.3 percent increase in April — a sign inflation remains red hot. Compared to one year ago, the index in May hit 8.6 percent, rising from […]
Russia’s Economic Outlook Grows ‘Especially Gloomy’ as Prices Soar
LONDON — After sanctions hobbled production at its assembly plant in Kaliningrad, the Russian automaker Avtotor announced a lottery for free 10-acre plots of land — and the chance to buy seed potatoes — so employees could grow their own food in the westernmost fringe of the Russian empire during […]
A Plastic Factory Feels the Sting of Rising Energy Prices
Long before President Vladimir V. Putin unleashed his war on Ukraine, Mosharraf Khalid was already contending with an expensive, bewildering and unrelenting assortment of problems afflicting the global supply chain. His company, Royal Interpack North America, makes plastic packaging for fresh fruit. Last year, its raw materials were routinely stuck […]
Could Wages and Prices Spiral Upward in America?
As prices for products including gas, steaks, bacon and camping equipment climb rapidly, eating into paychecks and dominating headlines, consumers are more likely to take note and ask for better pay. “Things change completely when inflation is a big number,” Mr. Blanchard said. “Salience changes.” There are signs that wages […]