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Inflation Accelerates As Consumers Keep Spending More

Inflation Accelerates As Consumers Keep Spending More

by Mariam Kiparoidze | Mar 1, 2023 | Economy, Personal Income

Photo by Allef Vinicius via Unsplash.   Prices are rising and Americans are spending more again, suggesting that the economy is still strong and the Fed might have to raise borrowing costs more to halt the inflation spike.  Friday’s report from the Commerce...
Why Cannabis Customers Aren’t Facing the Burden of Inflation

Why Cannabis Customers Aren’t Facing the Burden of Inflation

by Brianna Monsanto | Apr 3, 2022 | Retail Sales

Regular gas at the Speedway in Albemarle County, Virginia is at $4.20 per gallon, up from $2.72 a year ago. The grocery store a mile away, a Kroger, has raised the price of pork and beef. Yet in the middle of the two, one local business has somehow managed to avoid...

Retail Sales Grows 0.3% in February. Inflated Prices are to Blame.

by Brianna Monsanto | Mar 24, 2022 | Retail Sales

Consumers slowed their spending in February as they continue to deal with higher prices. Retail sales grew a mere 0.3% in February, the Commerce Department said Wednesday. Gasoline stations dominated the report with a 5.3% increase in sales. These figures indicate...

Manufacturing grew again last month, defying supply chain snarls and worker shortages

by Lucy Papachristou | Mar 5, 2022 | Economy, Manufacturing

Auto workers in Sterling Heights, Mich. in 2014. (Photo: Flickr, CC BY-NC-ND 2.0)   The manufacturing sector continued to grow steadily last month, indicating that the economy as a whole is resurgent and tempering fears that any lingering effects of the Omicron...
Housing price growth reached 34-year peak in 2021

Housing price growth reached 34-year peak in 2021

by Molly Boigon | Feb 24, 2022 | Economy, Featured, Housing

Housing prices in the nation’s largest cities increased last year at the fastest pace in three decades, though rising mortgage rates could cool the red-hot market this year. National home prices rose by 18.8% from a year earlier, according to the S&P CoreLogic...
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Welcome to Issue Number One

Welcome to Issue Number One, a site covering economic trends. The site is produced by reporters at the New York City News Service and the CUNY Graduate School of Journalism. Email your comments to greg.david@journalism.cuny.edu.
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