Gasoline prices are approaching a record high, and heating oil already has surpassed the previous record.
inflation
Posted inBusiness
Wheat, corn prices surge amid Russia’s invasion of Ukraine
Inflation is already at a four-decade high in the U.S., partly driven by rising food costs.
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Posted inBusiness
Federal Reserve chair: Russia’s war on Ukraine will worsen inflation
Jerome Powell warned that Russia’s invasion has already driven up oil prices.
Posted inBusiness, Local & State
In a cold winter, Maine household budgets buckle under growing energy burden
Skyrocketing prices for electricity, heating oil and gasoline are hitting Mainers especially hard when the mercury falls.
Posted inBusiness, Nation & World
Biden has long-term inflation plan, but voter patience is short
He believes a cluster of companies control too many industries, which reduces competition for customers and workers.
Posted inBusiness, Local & State
Maine businesses and residents feel inflation’s bite
Business owners and consumers say higher prices threaten to slow the state’s economic recovery as inflation hits a 40-year high.
Posted inBusiness, Uncategorized
What’s really going on with inflation? Economists weigh in
Consumers are eager to spend, and suppliers aren’t able to keep up with the demand.
Posted inBusiness, Nation & World
U.S. inflation soared 7% in past year, the most since 1982
Prices rose sharply in 2021 for cars, gas, food and furniture as part of a rapid recovery from the pandemic recession.
Posted inNation & World
Americans are more concerned about inflation, less about virus, poll finds
The pandemic is beginning to recede as a top priority in the minds of Americans.
Posted inBusiness
Food costs ease from near record, offering inflation respite
A United Nations index tracking everything from grains to meat fell 0.9% in December, potentially helping to ease the run-up in prices of grocery store products. Still, the gauge remains near 2011’s all-time high.