U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.
inflation
To compensate for the lost value, payments would need to increase to more than $4,400 a year. Read more here.
The European Central Bank announced that it would keep interest rates unchanged but may change by the next quarter.
Food and snack powerhouses PepsiCo and Conagra Brands announced that they had lower-than-expected revenue and unit sales, citing consumers’ pushback on pricey food items.
New research shows that American families will spend more than ever on Fourth of July barbecues due to inflation.
Chipotle CEO Brian Niccol dismissed social media claims that the restaurant’s portion sizes have been shrinking due to inflation.
McDonald’s denied the allegations suggesting that its Big Mac meal has doubled since 2019, stressing that last summer’s $18 Big Mac meal in a Connecticut store was an ‘exception’ compared to the average Big Mac price of $5.29 in 2024.
After fuel, health, and holiday price rises, Australia's consumer price inflation rate reached 3.6% in April, a five-month high that might prompt the Reserve Bank of Australia to raise interest rates.
CEO Jason Hart reveals Aldi Supermarket's strategy to combat inflation by prioritizing low prices during the summer season. He announces, coinciding with similar initiatives from major retailers like Walmart and Target.
American households still feel inflation's effects on increasing goods, especially with rent, as parents struggle to make ends meet.
SF Fed denied the corporate greedflation that the Biden Administration and Americans believe. Here's what the federal bank explained.
Grocery price inflation in the UK has slowed to its lowest level since October 2021 and is gradually returning to "more normal levels," according to industry data.
Target said it will decrease prices on 5,000 popular goods to attract more customers amid inflation fears.
Former President Donald Trump has once again criticized President Joe Biden's handling of inflation, pointing to the shrinking size of Snickers bars as an example of his rival's economic mismanagement and not "shrinkflation."
The US dollar tumbled to multi-month lows on Thursday following a slowdown in US core inflation, which was its slowest pace in three years.
Subscribe to VCpost newsletter
Most Popular
- Nestle Cuts Sales Forecast as Shoppers Reject Price Hikes
- Social Security Payments Worth Over $4,800 To Go Out This Week; Here’s When You’ll Get Yours
- US Could See Another ‘Great Resignation’ as 3 in 10 Workers Plan To Quit in 2024: Survey
- Uber, Lyft Drivers Remain as Contractors After California Supreme Court Upheld Proposition 22
- Maersk Agrees to Settlement with US Labor Department After Firing Whistleblower
- Walmart Eyes $200 Million Investment in Autonomous Forklifts
- Delta’s CEO Flew to Paris for the Olympics While His Company Is Under Federal Investigation: Report
- Murdoch Empire Family Feud Could Upend the Media Industry, Possibly End Fox News