More Americans are leaning on their credit cards to cope with rising prices. And as interest rates continue to climb, that debt is getting more and more expensive.
Boy, have we talked a lot about inflation. It affected every part of our lives (and the economy) in 2022. Here are some of its highest highs and lowest lows. (It wasn't all bad news!)
Food banks and nonprofits say inflation has hurt fundraising and made it hard to handle a surge in demand. One CEO says the need is close to the height of the pandemic.
Partridge prices were flat this year, but the cost of pear trees jumped more than 25%. PNC bank has run the numbers on all 12 days of Christmas, as it calculates its annual holiday price index.
Inflation may be slowing, but prices are still climbing much faster than Americans are used to. The Federal Reserve's dramatic steps to bring it to heel appear to be working - somewhat.
A new government report shows inflation cooled a bit in November. But prices are still climbing and the Federal Reserve is preparing to raise interest rates again.
Hiring slowed slightly in November amid rising interest rates. But the U.S. job market remains unusually tight. Employers added 263,000 jobs in November while unemployment held steady at 3.7%.
More than 60% of shoppers say the economy is affecting their holiday plans. Many say they'll be more selective in their purchases, going for cheaper goods and less expensive stores.
