Fact check: President Donald Trump says the U.S. has “no inflation”

By two measures — the inflation rate and the Federal Reserve’s target for "price stability" — the statement is inaccurate.

Grocery Prices Squeezed Budgets as CPI Inflation Hit Its Highest Since January

Inflation continued to crunch budgets in August as tariffs pushed up prices on groceries and other household items.

Homeowners’ wealth may be shrinking as price gains lag inflation

Home equity erosion occurs when inflation outpaces home price growth, reducing homeowners' wealth in inflation-adjusted terms when they borrow against their home or sell.

Fed's president warns inflation is 'going the wrong way' as tariff concerns mount

Federal Reserve Bank of Chicago President Austan Goolsbee warned that rising inflation could pose a stagflation risk if ...

Frustrated lawmakers say lack of trust is making it harder to end the government shutdown

Rep. Michael Lawler, R-N.Y., left, confronts House Minority Leader Hakeem Jeffries, D-N.Y., in a heated discussion to endorse ...
ABC7

Why prices are expected to continue soaring in 2022

America is finishing the year with decades-high inflation. That doesn't bode well for 2022. Prices have climbed so high it will take some time for them to come back down to earth. In other words, the ...
ABC30 Action News

Back-to-school costs are skyrocketing. Here's how to cut costs on supplies, beat inflation

August marks the beginning of school for millions of families. But this year, back-to-school shopping may be more stressful than ever before. With consumers already too familiar with increasing rates ...

Inflation held steady in August, in line with economist forecasts

The core personal consumption expenditures (PCE) price index, the Federal Reserve's preferred measure of inflation, rose ...