Stock market takes another dive
The stock market is taking another steep dive after the Federal Reserve raised interest rates to fight inflation, but what products are taking the biggest hit?
inflation
Consumer News: More Americans returning to the store to shop, how “shrinkflation” impacts your wallet
Consumer News: More Americans returning to the store to shop, how “shrinkflation” impacts your wallet
Ways to save on your AC bill amid rising heat
Between the rising heat and rising inflation, one price you can definitely count on paying more for is your air conditioning bills. Even when it’s this hot outside, there are still small ways to help you save big.
Consumer News: Economic concerns mount with experts predicting another interest rate hike
Consumer News: Economic concerns mount with experts predicting another interest rate hike
Consumer News: Where gas prices currently stand in the Midlands, SC Motor Fuel User Fee to go up 2 cents next month and more
Consumer News: Where gas prices currently stand in the Midlands, SC Motor Fuel User Fee to go up 2 cents next month and more
New concerns about inflation as stocks fall overnight
Stocks fall overnight, as a new workweek brings new concern about inflation, rising interest rates and more worries on Wall Street.
Consumer News: Inflation hits new 40-year high, how to get the best deals on summer travel
Consumer News: Inflation hits new 40-year high, how to get the best deals on summer travel
President Biden speaks on inflation as Consumer Price Index rises higher that expected
It’s not just gas, the rising inflation in this country has Americans paying more for things like rent and food too. The Consumer Price Index is up more than 8%, which is worse than expected. President Joe Biden addressed rising costs earlier this afternoon.
US inflation hit a new 40-year high last month of 8.6%
By Christopher Rugaber (AP)
The prices of gas, food and most other goods and services jumped in May, raising inflation to a new four-decade high and giving American households no respite from rising costs.
Surge in fuel prices could impact elections in November
It’s not just in South Carolina where there seems to be no relief in sight for soaring prices at the pump. The national average for regular gas is now near $5 a gallon, and surging fuel prices are just one of the increased costs consumers are paying that are being driven by inflation.
