Annual inflation proved to be hotter than expected last month, staying stubbornly above 3%. It continues to move in the wrong direction in recent months. Pushing it lower is proving to be hard.
Annual inflation climbed to a new four-decade high in February, with consumer prices up 7.9% from a year ago. The increase does not reflect most of the recent jump in gasoline prices.
Consumer prices in January were up 7.5% from a year ago, the biggest annual gain since 1982. That may seem like a lot for those under 40, but older folks have lived through even sharper price hikes.
Amazon is increasing the U.S. subscription cost to $139 a year from $119, citing more customer benefits and higher employee wages and transportation costs.
Wednesday on Political Rewind: We all know that the pandemic has had a profound impact on our buying habits — from how we shop for groceries to the services we use to stream new movies at home; from the sticker shock that awaits us as we shop for a new (or even used) car to the soaring price of houses.
The travel industry is only now coming back to life. But can you feel safe booking a cruise? Flights are full again, but do you want to fly on an airplane with every seat filled?