Casey’s latest ‘greedflation’ report zeroes in on price increases for Thanksgiving staples
U.S. Sen. Bob Casey (D-Pa.) released a new “greedflation” report in time for Thanksgiving that examines the ways the items Americans buy for their holiday meals are made more expensive by food and agriculture businesses. The “Stuffing their Pockets” report, based on government data and companies’ financial reports, finds that turkey prices have fallen this […]
New report from Sen. Bob Casey outlines impact of ‘greedflation’
The 16-page report is based on research from the Federal Reserve that found “corporate profits contributed a large percentage to inflation in the first year and contributed much less in the second” after the pandemic.
Consumers seeing relief in some food prices as inflation continues to slow
Consumers are getting some relief from higher prices as core inflation, which excludes food and energy, continues to show signs of cooling — an encouraging sign for the U.S. economy, according to economists. The Department of Labor’s report on Thursday showed the consumer price index rose 0.2% in July, in line with expectations, and 3.2% […]
Wage growth remains high, jobs are steady and inflation is falling so why are people worried?
'The technical term for the type of economy that we’re in now is weird,' University of South Carolina economist William Hauk said.
Pa. food policy council aims to improve food security, accessibility
The Pennsylvania Food Policy Council was created by an executive order from former Gov. Tom Wolf in December 2022 in the wake of soaring food prices and the dissolution of pandemic-era nutrition programs.
Inflation hasn’t increased U.S. food insecurity overall, according to our new tracker | Analysis
Over the course of 2022, between 11% and 15% of those living in the U.S. struggled with securing their next meal.
As prices rise, some states are putting grocery taxes on ice | Analysis
At least five of the 13 states where groceries were taxed as of last Jan. 1 passed laws to reduce, eliminate or ease the pinch.
From two economists: A look ahead at the economy for 2023 | Analysis
Inflation, unemployment, the housing crisis and a possible recession? What's next for the New Year?
Jobs are up. Wages are up. So why is this economist so gloomy? | Opinion
Ahh .. right. Inflation.
Inflation is hitting Pa. Latinos hard — and they’ll vote that way | Friday Morning Coffee
It’s safe to say that just about every Pennsylvania family is feeling inflation’s pinch this midterm campaign season. But the commonwealth’s Latino voters, a key bloc that’s growing in both size and political clout, are feeling it more than most. And they’re going to vote that way. That was the bottom line Thursday from a trio of […]
The Fed raises interest rates again, signals more coming despite pressure to slow the pace
The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75 to 4 percent. Federal Reserve Chairperson Jerome Powell said during a press conference following the announcement that the “historically fast pace” […]
Farmers, business owners discuss rising food production costs, inflation in Lancaster Co.
To combat the rising costs, Smucker said his business has had to get creative and find ways to be more efficient, including by decreasing company waste and researching market pricing.