Wholesale inflation picked up last month after cooling earlier this summer as higher oil and gas prices stemming from the Iran war keep costs elevated.
President Donald Trump said Wednesday that oil prices that have surged because of the Iran war likely won’t come down until after U.S. midterm elections.
Gas prices continue to rise in the Midlands.
The war in Iran has cost each American household $770 in increased fuel costs.
Dollar General learned it didn’t have to look further than its name to boost sales.
Friday, August. 28, President Trump said he will make it easier for ranchers to process their own meat.
President Trump announced a new plan to lower beef prices.
A Commerce Department report expected by Tuesday, Aug. 18, eventually could impact the cost of strawberries in the U.S.
U.S. inflation declined slightly last month as the cost of gas and groceries slipped, though prices are still rising more quickly than before the Iran war, posing challenges for the White House as the midterm elections near.
U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also slowed more than expected.
