INSIDER
Inflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021.
Inflation has hit many aspects of our lives, but one area being impacted is really putting a thorn in many Southerners’ sides—the price of sweet tea.
Data from the Federal Reserve said that inflation rose for the third straight month in March, a 3.5% increase from 2023.
McDonald’s CEO promised more affordable menu items after backlash on social media caught his attention amid the outrage over inflation.
The Biden administration is pressuring food retailers to lower grocery prices after an analysis revealed shoppers are paying much more for groceries.
Consumers in Florida are feeling more positive about the economy than they have in two years, with consumer confidence reaching a two-year high. Inflation has also significantly decreased, and wages are now above pre-pandemic levels. Despite this improvement, financial planners emphasize that consumer sentiment is still not at pre-pandemic levels. A study conducted by the University of Florida shows that consumer sentiment in the state ranks at 73 points, with the highest possible index being 150. However, individuals' perspectives on the economy vary, with some expressing optimism while others voice concerns about increasing expenses and job insecurity.
Americans are feeling more optimistic about the economy, as indicated by a new study out of the University of Michigan. The study reveals that consumer sentiment has increased by 13% in January, reaching its highest level since July 2021. This positive outlook comes as inflation continues to soften. Additionally, the January jobs report shows that the U.S. economy added 353,000 jobs last month, with the unemployment rate remaining steady at 3.7%. Stay updated with the latest economic news and trends by following our coverage on Channel 4.
With inflation in the United States slowing down in October, many think this could be a sign that the Federal Reserve’s interest rate hikes are continuing to cool the price spikes that have frustrated consumers for the past two years.
The holidays are just around the corner, and for many people, this time of the year means a little extra spending on gifts and other holiday-related activities and items.
The U.S. Department of Agriculture’s “thrifty” budget estimates that a family of four will spend $966.60 on groceries in this economy as simple kitchen staples now cost more than double.
The final U.S. inflation figures before the midterm elections are out. In September, it increased to 8.2%. People in Northeast Florida are continuing to feel the pressure of paying more for groceries and bills.
With debate over whether the economy is in a recession following a second-quarter decline in the country’s gross domestic product, News4JAX is looking into Jacksonville’s economic health status.
Gas prices are steadily declining, with several gas stations around Jacksonville below the $4-per-gallon mark — a sight Floridians have waited all summer to see.
Rising housing costs, combined with persistent inflation for basic necessities such as gas and food, have left more Americans newly homeless and millions more fearing they’ll soon lose their homes.
If you shopped for groceries for your fourth of July holiday parties then you probably noticed that you were spending more money compared to last year.
As gasoline prices continue to rise, people who have to fill their vehicles up with diesel are having to take even more money out of their wallets.
Families are not the only ones struggling with inflation rates soaring. According to Feeding America, food banks across the country are buying nearly as much food as they did last year, but are paying 40% more for that food.
The Federal Reserve intensified its fight against the worst inflation in 40 years by raising its benchmark interest rate by a half-percentage point — its most aggressive move since 2000 — and signaling further large rate hikes to come.
The News4JAX Trust Index team is checking out a statement made by President Joe Biden regarding the high prices of gas and groceries and who is at fault.
It seems like you hear about it more and more these days: The extreme lengths people are going to in order to buy a new house; how much it costs to fill up the gas tank; and what we’re spending at the grocery store.
The nationwide average price for a gallon of unleaded gas has reached record highs in 2022, according to GasBuddy.com.
Just last week, we asked you, our readers and viewers: When it comes to inflation, or even just when you hear the word, what do you think of first? Or better yet, what’s affecting your life the most?
If you’re in the Jacksonville, Florida area, you’ve likely seen the logjam of container ships sitting idly offshore. The vessels are packed with items destined for store shelves -- and they’re things business owners and consumers desperately need delivered.
If you’ve been to the gas pumps lately, or even listened to any news outlet, you’re likely well aware that gas prices are at a painful high.
We’ve all heard about it by now: Houses are selling like crazy (and they have been for quite some time now), interest rates have been at all-time lows, and it seems like everywhere you turn, you learn of another wild real estate story.
