Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike
WASHINGTON (AP) — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.
Prices in news
FTC head wants investigation into grocery stores over inflated prices
The head of the Federal Trade Commission wants to investigate whether grocery stores could do more to lower prices for Americans, as many shoppers continue to be shocked over their food bills.
Saudi Arabia's Aramco reports lower half-year profits as economic worries dampen energy prices
Saudi oil giant Aramco reported half-year profits Tuesday of $56.3 billion, down from the year before due to weakening volumes sold amid worries about the global economy.
Washington, DC, sues StubHub, saying the resale platform inflates ticket prices with deceptive fees
WASHINGTON (AP) — The attorney general for Washington, D.C., sued StubHub on Wednesday, accusing the ticket resale platform of advertising deceptively low prices and then ramping up prices with extra fees.
FACT FOCUS: A look at Biden’s economic policies related to rising prices
WASHINGTON (AP) — President Joe Biden’s economic policies have been slammed by several speakers at the Republican National Conference. But some of the criticism was off base.
Inflation cools to 2.7% in June, but grocery prices heating up again
Statistics Canada says the annual rate of inflation slowed in June, but renewed pressures are showing up at the grocery store.
F.T.C. Says Middlemen Appear to Be Driving Up Drug Prices
The Federal Trade Commission on Tuesday sharply criticized pharmacy benefit managers, saying in a scathing 71-page report that “these powerful middlemen may be profiting by inflating drug costs and squeezing Main Street pharmacies.”
Is inflation still cooling? Thursday's report on June prices will provide clues
Optimism is rising among economists, investors and Federal Reserve officials that U.S. inflation is nearly under control, with the latest report on consumer prices expected to show another month of mild increases.