Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’s re-election campaign, both of which are counting on a steady easing of price pressures this year.
On Tuesday, fresh retail sales data from Mastercard showed that consumers spent big on gifts, meals and apparel in November and December despite inflation's lingering bite.
Compared with a year earlier, prices were up 3.1% in November, down from a 3.2% year-over-year rise in October.
How is it that two convenience stores across the street from one another can have different gas prices? And why can one town’s gas pumps have consistently higher prices per gallon than another town in the same county?
Thursday's announcement follows this year’s 8.7% benefit increase, brought on by record 40-year-high inflation, which pushed up the price of consumer goods.
The 2024 Republican presidential candidate stopped Wednesday in Independence as part of a three-day campaign swing through the state.
A Tama town hall Tuesday was her 29th town hall since being elected to Congress in 2020, and her ninth in-person town hall this year.
When measured against prices a year ago, inflation has been easing for eight months. In February, consumer prices climbed 6% from 12 months earlier, down from January’s 6.4% year-over-year increase and well below a recent peak of 9.1% in June. Yet it remains far above the Fed’s 2% annual inflation target.
Inflationary pressures may be starting to ease, but higher prices throughout much of 2022 are still taking a toll on older adults, with a larger share of people saying they felt their finances were worse off than a year before. Consumer inflation in November was still up 7.1 percent from a year earlier.
Democrats running for Iowa governor and a northeast Iowa U.S. House seat spent Wednesday afternoon trying to the turn out the vote among students on the campus of Coe College.
She touted Iowa’s fiscal health; her pledge to support law enforcement; three rounds of tax cuts enacted over the past five years; and giving parents more authority in their children’s education.
The Gazette interviewed Linn County voters who cast early ballots this week about the issues, races and candidates influencing their vote. Here is what they had to say.
Candidates running for northeast Iowa’s U.S. House seat spent Thursday rallying supporters to help get out the vote and laying out their plans to lower prices for Iowa families.
Iowa Republican U.S. Rep. Ashley Hinson criticized President Joe Biden's decision to tap the Strategic Petroleum Reserve instead of ramping up domestic energy production to tame gas prices.
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