Consumer prices rose in August compared to July, according to new data from the Department of Labor.
Inflation ticked up in August, largely due to an increase in the price of gasoline, raising concerns about potential Federal Reserve action on interest rates . PULSE POINTS WHAT HAPPENED: Consumer prices rose in August compared to July, according to new data from the Department of Labor. DETAIL: According to the new data released on Friday, consumer prices rose 0.4 percent in August, largely due to a 3.9 percent increase in gasoline prices, which surged 27.4 percent over the year. Meanwhile, grocery prices increased 2.2 percent, and electricity prices decreased 0.2 percent in August. Over the past year, the Consumer Price Index (CPI) increased by 3.4 percent, matching the annual rise reported in July. Core inflation, which excludes the…Open
The average price for a gallon of gas in the U.S. was $4.22 on Wednesday. California drivers were paying the highest, and Indiana drivers were paying the lowest.
Today, the world has plenty of food. But practically everything needed to replace that food tomorrow is being disrupted—all at once. And curiously, we may be approaching the first food crisis in history where millions are paying hundreds of dollars a month for GLP-1 drugs designed to stop them from feeling hungry. In this video, we follow the pressure building across the food system—from fertilizer and farmland to livestock, grain traders, cargo ships and grocery-store shelves—to understand why the next food crisis may already be taking shape. Because one isolated disruption is manageable. The problem is that these disruptions are no longer isolated. Buy The Deep State Encyclopedia: Exposing the Cabal's Playbook…
Gas prices have surged to a record high this Labor Day weekend as the Iran war continues. MS NOW Reporter Marc Santia shares how travelers are feeling. Editor-at-large at The Bulwark Bill Kristol joins Erielle Reshef to discuss.
The Iran war and high inflation continue to trigger a global bond sell-off. CNBC Fast Money Contributor Dan Nathan and CNBC Senior Economics Writer Matt Peterson join Stephanie Ruhle to break down why the market is reacting this way.
