INFLATION

Fed Chairman Jerome Powell said Wednesday that the central bank is determined to bringing down inflation and has the ability to make that happen.

UK inflation, the rate at which prices rise, edged up to 9.1% in the year to May up from 9% in April.

With gas prices approaching $5 in most locations, and quadruple the typical rate of inflation, many Americans are choosing more modest summer trips in 2022 or foregoing travel altogether.

Millionaires surveyed by CNBC ranked inflation as the top risk to both the economy and their personal wealth.

For the first time, the national average for a gallon of gas now tops $5.

Inflation is at a four-decade high and that’s causing problems for local families and businesses.

Inflation is creating lifestyle changes for people. The U.S. Treasury Secretary announced Tuesday that the Biden Administration underestimated how high inflation would continue to impact American consumers.

Gas prices are higher than they’ve been in years. According to AAA, the national average is $4.67 and in Florida it’s slightly less at $4.64. The rising cost of gas coincides with the rising cost of housing, groceries, airfare, automobiles -- the list goes on and on.

CBO's forecast suggests that inflation will slow from current annual levels of 8.3%, yet it would still be dramatically above a long-term baseline of 2.3%.

The Congressional Budget Office says that high inflation will persist into next year.

The News4JAX Trust Index team is fact checking a statement made by President Biden during his speech Tuesday at the White House.

We’re not even into the busy summer travel months and already the price of gasoline has risen by 20-cents the past two weeks. Drivers in Florida on average are paying $4.20 while the average price of gas in Georgia is more than 35-cents cheaper.

Inflation may go down, but isn't going away, and the markets and economy will be 'rocky' for up to two years, says former Fed official Roger Ferguson.

With inflation rising, government series I bonds are worth a look if you're looking for a great return and safety.

"I know from experience that if you wait until the [Federal Reserve] is done and inflation's broken, it'll be too late to buy," the "Mad Money" host said.

Despite the pandemic, most Americans still feel optimistic about retirement, a survery finds. But inflation is a top concern for those who aren't prepared.

U.S. Treasury yields rose Tuesday, as traders fret over concerns of rising inflation and tighter monetary policy.

Retail sales were expected to increases 0.6% in March, according to Dow Jones estimates.

Grocery shopping keeps getting more and more expensive. Even buying just your average household staples will cost you a few extra bucks.

It's a result of inflation that is affecting everyone. According to the U.S. Department of Agriculture, you'll soon be paying even more eating in or dining out.

The decision is in response to Western sanctions and surging inflation since the war in Ukraine.

Fed policy makers know they have to start raising interest rates given the low unemployment rate and inflation at 40-year highs.

The Ukraine and Russia conflict will affect prices of items. According to an economics expert, the price of beer will go up because Ukraine and Russia are top suppliers of barley.

The number of small businesses that raising prices on customers in January rose to a 48-year high, reflecting higher costs of labor and materials amid the biggest surge in U.S. inflation since the early 1980s.

Persistent supply chain backlogs and high consumer demand for goods have kept prices elevated.

If you’re buying and expect to keep the home for the long haul, you should expect the same value increases that existing owners are experiencing. If you are looking at a shorter investment time horizon — perhaps through flipping the property, for example — then we should caution “buyer beware.”

It’s not an easy question to answer, but the balance of evidence suggests that lower-income households will take a beating.

Inflation is painfully high, but this hopefully is close to as bad as it gets.

Biden hasn’t gotten credit for what he’s accomplished and hasn’t done all he said he would. Now a new coronavirus variant adds uncertainty to the months ahead.

The Consumer Price Index, a measure of inflation, is up 6.2% from a year ago. Still, getting a raise under 6% doesn't always mean you're taking a pay cut.

Rittenhouse, the 18-year-old charged with killing two people and wounding a third, testified at his trial in Kenosha, Wisconsin.

The UK's independent forecaster says the economy will return to pre-Covid levels faster than expected.

The S&P 500 has approached another record high.

Inflation is accelerating faster than real growth, but that’s not unusual historically, and it doesn’t necessarily mean the trend will continue.

A new survey shows retirement age investors are concerned rising inflation could make it difficult to find steady income from their investments.

Your strategy will depend on how close you are to retiring.

Inflation expectations are still being driven by a "temporary spate of supply issues" with no sign of continued upward price pressure, according to economist Carl Weinberg.

A senior economist at the central bank offers a stark contrast to Chair Jerome Powell’s focus on expectations about the pace of price growth.

The earliest and most momentous epoch in the history of the universe released a flood of gravitational waves, tiny ripples in the fabric of space-time.

The maker of the "magically delicious cereal" told investors Wednesday that the company expects to see inflation running at a lofty 7% this year.

The rising cost of clothes, fuel and eating out pushes consumer prices above the Bank of England's 2% target.

US consumer prices spiked last month, with inflation jumping to 5% for the 12 months ending in May.

Kroger CEO Rodney McMullen told CNBC on Thursday he does not anticipate problematic food inflation in 2021, while cautioning that month-to-month prices may be volatile. "For the whole year, we expect inflation to be at 1% to 2%, which is a pretty normal number," McMullen said on "Closing Bell." McMullen's comments come as the topic of inflation across the broader U.S. economy is in sharp focus. Wall Street has for weeks been paying close attention to the rising yield on the benchmark 10-year Treasury, which was around 1.547% on Thursday. With respect to grocery store prices, McMullen said there could be variability, especially when comparing them with 2020 levels during the early parts of the pandemic.

Is higher inflation around the corner? As the economy rebounds, the price of goods and services is starting to creep up. Could that spur the Federal Reserve to raise interest rates sooner than expected? CBS MoneyWatch contributor Anthony Mirhaydari explains.

What’s the problem with low inflation? Although consumers tend to fear rising prices, CBS MoneyWatch contributor Anthony Mirhaydari explains why a prolonged bout of low inflation can be even more dangerous for the economy.

Is inflation a risk for 2014? Central banks seem more worried about deflation, but portfolio manager Jim Jubak explains why there might be different concerns for consumers.