Inflation

As China is hit with a spike in COVID cases, its officials have changed their rhetorical attacks on the U.S. to focus on issues such as inflation.

A Chinese official jabbed the president on inflation while U.S. arms companies see a "boon for business" from the war in Ukraine.

Simon Jackson recreated his home in his office cubicle, organizing a living, sleeping and eating space

A report from the High Point Police Department stated that the amount of gas stolen was valued at around $1,200.

Comparatively slow economic growth was reported for February, according to Commerce Department data.

Wholesale inflation, which is tracked by the producer price index and reflects prices before they hit consumers, is a separate measure from consumer inflation.

It's not an illusion: Fast food prices have become exponentially higher in the past year and change and customers are noticing.

In some states, costs are offset by higher minimum wages or steady gas prices, but for workers in places like Idaho, commuting has its own price tag.

An ABC News/Ipsos poll shows 70 percent of Americans disapprove of how the president is coping with cost of living increases.

An economist told Newsweek that both could "end up 9 percent higher on the year."

The White House has dubbed the increase in fuel costs "Putin's price hike," but McConnell called that "laugh-out-loud revisionist history."

The intense reaction to the viral video is an indicator of the panic that U.S. consumers are feeling over rising prices.

Jobs With Justice's Adam Shah told Newsweek that ride-sharing apps will need to realize that their drivers might leave if gas costs aren't reimbursed.

One economic expert told Newsweek a 10 to 15 percent increase in the cost of baked goods is expected.

Inflation also rose 0.8 percent between January and February, according to the Labor Department.

A new report from the U.S. Energy Information Administration shows an increase in gas prices across the country.

An IBD/TIPP poll in March found that just 27 percent of independents approve of Biden's job as president—the same figure as in February.

Axios has reported that Biden's advisers are discussing a possible visit to the Kingdom to help ease the economic pressure from Russian sanctions.

Federal Reserve chair Jerome Powell told lawmakers on Thursday that the Russian invasion of Ukraine could stoke inflation even higher.

To keep Fed Chair Jerome Powell from having to slam the brakes on the current economic recovery, it's important that the president and Congress combat inflation as well.

"With inflation well above 2 percent...we expect it will be appropriate to raise [rates] at our meeting later this month," Fed Chair Jerome Powell said.

The president faces historic lows in polling as he prepares speech to a divided Congress.

Biden walks into Congress on thin ice this week, with the president struggling in the polls and facing Europe's biggest crisis since WWII

Even without taking food and energy prices into account, core inflation rose 5.2 percent in January compared with a year earlier.

Gas prices seen in January were the highest in the last 14 years, while the electricity costs recorded last month are the highest ever recorded.

Since the outbreak of the pandemic lumber prices have been extremely volatile and are now surging again, with an over 25% increase in January alone.

In the Midwest, Northeast and the South, the annual price of center-based child care for an infant is more than the cost of housing.

"Inflation is clearly a great concern to Americans, and it really needs to be addressed," Yellen said. "It's not acceptable to stay at current levels."

The Senate GOP's criticisms come as core inflation rose at its fastest level in 40 years in January.

The Commerce Department released a new report on Wednesday showing that retail sales increased 3.8 percent last month.