Inflation Trending News

2026-07-01 16:40:10

Warsh Vows Fed Independence, Rejects Trump Rate Cuts

New Fed Chair Kevin Warsh vows political independence and prioritizes lowering inflation, likely preventing Trump-requested rate cuts. He promises price stability, shifting from earlier calls for lower rates to focus on achieving the 2% target. read more

2026-06-25 10:30:10

Fed Holds Rates as Inflation Hits Three-Year High

Inflation at a three-year high challenges the Fed, yet new chair Kevin Warsh chose not to raise interest rates. This raises questions about winners and losers, and whether high inflation is becoming the new normal. read more

2026-06-17 22:40:07

Warsh Holds Rates Steady in Debut as Fed Chair

Kevin Warsh debuted as Federal Reserve chair, holding interest rates steady amid inflation at its highest level in over three years. In his first news conference, he signaled cautious policy management. read more

2026-06-17 11:20:05

New Fed Chair Warsh faces inflation, political heat

New Fed Chair Kevin Warsh faces high inflation at 4.2% due to energy supply shocks, limiting rate cuts. He prefers less public forecasting, while predecessor Jerome Powell unusually remains on the board to protect Fed independence. read more

2026-06-17 09:40:04

New Fed Chair faces inflation crisis in debut

New Fed Chair Kevin Warsh holds first meeting amid 4.2% inflation, a three-year high driven by energy shocks from the Iran conflict. Rates likely unchanged. Warsh plans fewer public forecasts, while predecessor Jerome Powell stays on board. read more

2026-06-16 10:10:04

Iran War Deal Reached But Price Relief Still Months Away

Experts warn consumers should not expect immediate price relief from gasoline, groceries, flights, or other items despite a tentative Iran war deal, as supply chains and fuel costs will take months to stabilize. read more

2026-06-16 05:10:04

Gas, Grocery, Flight Prices Stay High Despite Iran Truce

Experts warn higher prices for gas, groceries, and flights will persist long after the Iran war ends due to supply chain disruptions, delayed fuel processing, and lingering uncertainty. Consumers should not expect immediate relief. read more

2026-06-11 11:30:04

Inflation Hits 4% as Gas Prices Surge

Inflation reaches 4% for first time in three years, driven by soaring gas prices after the U.S. war with Iran. The spike marks a significant economic shift, impacting consumer costs nationwide. read more

2026-06-11 11:10:09

Inflation Hits 4.2%, Pressuring Fed to Act

U.S. annual inflation hit 4.2% in May, a three-year high. Economist Claudia Sahm discusses the impact and potential Federal Reserve response, including possible interest rate hikes to curb rising prices and stabilize the economy. read more

2026-06-10 14:50:10

Inflation Hits 4% as Gas Prices Soar

Soaring gasoline prices from the Iran war pushed inflation to 4.2% annually, the highest since April 2023. Energy costs drove over 60% of the monthly rise, while wages grew only 3.4%, reducing real spending power. read more

2026-06-05 20:50:03

Hassett claims inflation falling, data shows rise

Despite April inflation hitting 3.8%, a three-year high, Trump economic chief Kevin Hassett falsely claims it is falling, citing outdated data. Red states like Mississippi see 4.5% inflation, contradicting his "blue state" blame. Core inflation also rose to 2.8%. read more

2026-06-05 15:40:46

U.S. adds 172,000 jobs as hiring surges

U.S. added 172,000 jobs in May, with restaurants, healthcare, and local government hiring. Average wages rose 3.4%, trailing 3.8% inflation. Fed unlikely to cut rates soon despite pressure. read more

2026-05-29 18:30:43

Drivers Flock to Costco, Walmart for Cheaper Gas

Drivers are flocking to Costco and Walmart for cheaper gas, with first-time visits surging. Many now top off tanks frequently with fewer gallons, signaling financial stress. Prices hit $4.39/gallon, up $1.22 from last year, amid Iran conflict and oil supply fears. read more

2026-05-28 23:40:03

High Gas Prices Signal Deeper US Inflation Crisis

U.S. inflation hits a three-year high as energy prices spread into housing, utilities, and recreation. The Fed faces a dilemma: raise rates to curb inflation or support slowing growth. New chair Kevin Warsh must navigate divided economic signals. read more

2026-05-28 16:20:04

Poll: 61% of Americans Cut Groceries Amid Price Surge

Three in five Americans are altering grocery lists due to rising food prices, with 59% cutting extras. Economic confidence is low amid high inflation and gas costs, posing political risks for Trump and Republicans before midterms. read more

2026-05-27 19:00:41

61% of Americans Alter Grocery Lists Amid Inflation

Three in five Americans changed grocery lists due to rising prices, per a CNN poll. Many cut entertainment, driving, and medical care. Economic confidence fell as inflation and Iran war drive costs, troubling President Trump ahead of midterms. read more

2026-05-26 15:10:08

Consumer Confidence Dips as Gas Prices Stay High

U.S. consumer confidence slipped in May as gas prices near $4.50 and high inflation eroded purchasing power, contrasting record stock market highs. This decline follows months of gains and may impact Republicans in upcoming midterm elections. read more

2026-05-13 20:10:08

Warsh Confirmed as Fed Chair Amid Rising Inflation

The Senate confirmed Kevin Warsh as Federal Reserve chair on a 54-45 vote. He assumes leadership amid rising inflation from soaring gas prices, promising independent monetary policy despite Trump's push for lower rates. Warsh replaces Jerome Powell. read more

2026-05-13 16:10:04

Trump faces worst inflation since Biden amid Iran war

Trump faces highest wholesale inflation since 2022, with producer prices up 6% yearly due to Iran war driving energy costs. Consumer prices rose 3.8%, and gas averages $4.51. Americans blame Trump’s policies as midterm pressure mounts. read more

2026-05-13 05:50:06

US grocery prices hit 2.9% high in April

US grocery prices rose 2.9% in April due to high fuel costs from the Iran war, plus trade policies and extreme weather. Full impacts may take months. Food inflation will likely feature in November's midterm elections. read more

2026-05-12 23:00:08

Inflation Hits 3.8%, Families Struggle to Cope

Consumer prices surged 3.8% in April from a year ago, according to the Labor Department. Americans share how rising inflation impacts their daily lives and coping strategies. read more

2026-05-12 22:10:03

Supreme Court tariff refunds begin reaching companies

Companies receive tariff refunds after Supreme Court ruling, but consumer prices stay high with 3.8% inflation. Basic Fun gets 5% of claimed refunds, using them for cash flow and salary increases amid economic pressures. read more

2026-05-12 19:10:03

Chicago Fed Chief: Inflation Fight Not Over Yet

NPR's Michel Martin interviews Austan Goolsbee, Chicago Fed CEO, about rising inflation and the latest consumer price index report, discussing economic impacts and potential policy responses to address price increases. read more

2026-05-12 13:50:04

Inflation Hits 3.8% as War Drives Up Prices

U.S. inflation hit 3.8% in April, highest since 2023, driven by war with Iran. Gas prices rose 38 cents monthly, airfares jumped 2.8%, and housing costs increased 0.6%. Energy accounted for 40% of monthly CPI rise. read more

2026-05-12 11:50:03

Fed official warns inflation fight not over yet

NPR's Michel Martin interviews Neel Kashkari, Minneapolis Fed CEO, on consumer prices and inflation. He discusses key factors driving price changes and economic outlook in a 4:45-minute segment. read more

2026-05-11 10:40:07

Budget shoppers drive discount grocery boom

Budget-conscious shoppers drive discount grocery boom as inflation, tariffs, and shrinkflation strain budgets. Aldi, Lidl, and warehouse clubs like Costco attract millions with lower prices. Shoppers embrace store brands and frugal habits, shifting priorities amid economic pressures. read more

2026-05-08 10:10:06

Mother’s Day spending hits record $38 billion

Despite rising costs for dining, flowers, and gas, Mother's Day spending may hit a record $38 billion. Most shoppers still buy flowers and cards, while many opt for home-cooked brunches to save money. read more

2026-04-29 22:10:06

Mothers Day spending hits record $38 billion

Mother’s Day costs rise 6% to a record $543 per family, with dining out up 4%. Spending hits $38 billion despite inflation at 3.3%. Flowers and jewelry see 7.3% hikes. Americans prioritize celebrating loved ones amid economic strain. read more

2026-04-27 11:20:08

Teacher pay raises vanish as inflation erodes earnings

U.S. teacher salaries rose to $74,495 but fell nearly 5% after inflation since 2017. Support staff earn $36,360, down $2,344. Enrollment declined 3.6% since 2016. Collective bargaining states offer higher pay. read more

2026-04-24 19:10:08

Economists warn Iran war fueling inflation surge

Economists forecast US inflation rising to 3.6% amid the ongoing Iran war, with gas prices above $4 and no end in sight. Trump told reporters, "Don’t rush me," while analysts warn of long-term economic impacts. read more

2026-04-22 11:50:11

War Inflates Prices From Toys to Aspirin

The Iran war's oil shock is raising prices for everyday items from toys to pens, as petroleum-derived materials like polyester become costlier. This demonstrates oil's pervasive role in the global economy, with consumers facing broader inflation. read more

2026-04-21 15:40:05

Trump Claims Credit for Biden-Era Inflation Drop

Trump claimed credit for lowering inflation during Biden's term, asserting it fell after his election win. However, data shows inflation rose from 2.7% to 3% between Trump's election and inauguration. read more

2026-04-10 23:40:04

Buttigieg Blasts Trump on Iran War and Inflation Spike

Pete Buttigieg criticized Trump's Iran war and inflation record on CNBC, noting current inflation and gas prices exceed Biden-era levels. He argued the conflict lacks an exit strategy, harming the economy. read more

2026-04-04 15:20:08

Iran Conflict Sparks Global Price Surge

The Iran war is driving up global oil prices, increasing costs for fuel, shipping, and goods. Experts warn this is just the beginning, with higher prices likely to persist due to market volatility and supply chain risks. read more

2026-04-01 15:50:05

Iran Conflict Drives Up Bottled Water Prices

Bottled water prices in the U.S. are set to rise due to soaring oil prices from the Iran war, which increases plastic production costs. Experts predict increases of 5-30%, impacting the 90% of Americans who buy it. read more

2026-04-01 00:40:09

Fuel Surcharges Hit Consumers as Oil Prices Soar

Businesses are adding fuel surcharges as oil prices soar due to the Iran war, increasing delivery and production costs. This raises gas and grocery prices, impacting consumers and small businesses nationwide. read more

2026-03-13 14:10:07

Iran Conflict Sparks UK Inflation Fears

The Iran war's disruption to oil supplies via the Strait of Hormuz has spiked prices. This increases costs for petrol, heating, and goods, fueling inflation and potentially higher interest rates, impacting mortgages and household budgets. read more

2026-02-02 18:10:46

Trump Tariffs Fuel Inflation, Analysis Shows

A report finds Trump's tariffs have kept inflation higher than it would have been otherwise. The Supreme Court is considering a case on his use of emergency powers to impose these import taxes, which many voters oppose. read more

2025-03-22 11:50:03

"Inflation Hits Essential Items as Egg Prices Soar in US"

Egg prices have tripled in the US since 2005, with other staples also seeing significant price increases. Inflation affects different products due to varying production costs. The federal minimum wage has remained stagnant since 2009. read more