Then-President Joe Biden claimed victory in 2023 when egg prices fell by 22%, after tripling during his first two years in office. But Biden left his successor, President Donald Trump, a poultry price fiasco.

U.S. labor costs rose marginally in the fourth quarter, offering some comfort to Federal Reserve officials after progress lowering inflation stalled at the end of 2024.

US labor cost growth cooled in the fourth quarter from a year earlier, reassuring Federal Reserve policymakers wage pressures are gradually diminishing and no longer a key driver of inflation.

No economic story has been as constant in recent years as the dramatic increase in inflation from 2021 to early 2023 and its lingering

Recent data from the Bureau of Labor Statistics shows the cost of living continues to outpace earnings, leaving many Americans struggling to make ends meet.

And all this productivity is why wage growth keeps beating inflation, said Betsey Stevenson, a professor of economics at the University of Michigan. “Real wage growth has to come from productivity growth. Because we’re doing more with less, we get more in the end,” she said.

Economists like me rely on data from federal data collection agencies like the Bureau of Labor Statistics (BLS) and the Bureau of Economic Analysis (BEA). They provide critical data on

Rising food and housing costs have hit the lowest-income Americans the hardest in recent years.

The Federal Reserve on Wednesday opted to hold interest rates steady amid rising inflation, ending a streak of lowering rates at its previous three meetings. After a two-day meeting of its monetary policy committee in Washington,

How much has rising inflation since 2020 cost you? While Iowans need to spend more to maintain their standard of living, wages have also increased.

According to BLS, natural gas prices in the metro Atlanta area were up almost 15% while gasoline rose nearly 4%, though electricity costs fell 2.1%. The next look at the Atlanta area’s price trends will be published in March.

U.S. prices increased in December while consumer spending surged, suggesting that the Federal Reserve could delay cutting interest rates for some time this year. The personal consumption expenditures (PCE) price index rose 0.