Inflation continues to be worse in the Phoenix metropolitan area than in the rest of the country. Consumer prices rose 12.1% from October 2021 to October 2022 in the Phoenix metro area. During that same stretch, prices rose 7.7% nationally, Common Sense Institute Arizona reports. Even though inflation is still high, it is slowing down in
Photo: Eduardo Garcia, from Venezuela, stands with crutches, surrounded by his family outside the Catholic Charities headquarters, in New York New York City’s mayor says he plans to erect hangar-sized tents as temporary shelter for thousands of international migrants who have been bused into the Big Apple as part of a campaign by Republican governors
The average price for gas in Arizona fell to $3.99 a gallon Thursday, the first time in months it has been below $4 and a sharp decrease from the record high of $5.388 hit just two months ago. One economist called the falling gas price “a good thing for anybody that drives,” and said the
Image by Foto-Rabe from Pixabay The Phoenix area posted one of the nation’s highest inflation rates over the past year at 12.3%, compared to a national rate of 9.1% that was itself the sharpest rise in more than 40 years. Data released Wednesday by the Bureau of Labor Statistics said the increase in the consumer
Photo: Consumers fill up at a Shell gas station Wednesday, July 13, 2022, in Miami Beach, Fla. U.S. inflation surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets and pressuring the Federal Reserve to raise interest rates aggressively — trends that raise the risk
Treasury Secretary Janet Yellen acknowledged Tuesday that she and Federal Reserve Chair Jerome Powell “could have used a better word” than “transitory” when describing the expected run of inflation in the U.S. economy. She added that she was hopeful it would soon be on the decline. “I do expect inflation to remain high although I
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