Officials expect inflation to ease in late 2022.
inflation
Posted inBusiness, Nation & World
Defying inflation, Americans increased their spending in October
The October gain the government reported Tuesday was solid enough for most economists to anticipate holiday shopping jumping by a record amount this year.
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Posted inBusiness, Local & State
Pandemic-related inflation hits Maine auto market, especially for used cars
Used car prices jumped by 45% nationally during the 12-month period ending in June to a record average sale price of $25,000.
Posted inBusiness, Local & State
Mainers dig deeper to pay for goods and services as inflation rises
Consumer prices rose by an average of 5% in the Northeast over the past year – three times the annual U.S. average over the previous decade.
Posted inOp-Eds, Opinion
Jim Fossel: Jump in prices should worry Democrats on path to midterms
If inflation is a problem in 2022, voters will have reason to blame the majority party, both in Augusta and in Washington.
Posted inBusiness
Federal Reserve to discuss a pullback in economic aid with inflation up
The worry is that the the Fed will respond too aggressively and quickly raise interest rates which could cause another recession.
Posted inEditorials, Opinion
Our View: This is not your father’s inflation
The economic conditions that drove double-digit inflation in the 1970s are not at play today.