Inflation

Michael H | Stone | Getty ImagesCar repair costs are up almost 20% in the past year, according to the consumer price index — more than six times the national inflation rate and among the largest annual price increases of any household good or service.So, what's driving up prices?It's a combination of factors, experts said. Some emerged in the pandemic era while others are longer-term trends in the auto market, they said. Here's a look at six reasons why you're paying more for car repairs.1. More technology in carsJamie…

The S&P 500 is trading near its highest level since April 2022 as hopes grow for a soft economic landing. The S&P 500 is trading near its highest level since April 2022 as hopes grow for a soft economic landing. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors.…

Listen to article(2 minutes)Governments and companies around the world spent decades loading up on trillions of dollars of debt whose interest costs rise and fall alongside inflation. But what served as cheap funding when prices were stagnant has rapidly become more expensive. Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(2 minutes)Governments and companies around the world spent decades loading up on trillions of dollars of debt whose interest…

Officials remain concerned about whether wages and price growth can slow enough without an economic downturn. Officials remain concerned about whether wages and price growth can slow enough without an economic downturn. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors.…

Image Source : FILE Amazon requires three days of in-office work, demands employees to relocate Amazon is implementing changes to its employee work arrangements, requiring some corporate workers to be present in the office for three days each week. This decision has sparked tension between the company and its employees, particularly due to layoffs that occurred last…

The data provides a glimmer of hope for Britons who still face a bigger squeeze on their spending power than consumers in most other large advanced economies. The data provides a glimmer of hope for Britons who still face a bigger squeeze on their spending power than consumers in most other large advanced economies. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary…

Economists expect June retail sales growth to be the strongest since January. Economists expect June retail sales growth to be the strongest since January. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish…

Nigeria’s annual inflation rate rose to 22.79 per cent in June from 22.41 per cent in the previous month, the National Bureau of Statistics (NBS) said Monday. The statistics office said the June inflation rate showed an increase of 0.38 per cent points when compared to May 2023 headline inflation rate. The NBS said on a year-on-year basis, the Headline inflation rate was 4.19 per cent points higher compared to the rate recorded in June 2022, which was 18.60 per cent. “This shows that the Headline inflation rate…

Nigeria’s annual inflation rate rose to 22.79 per cent in June from 22.41 per cent in the previous month, the National Bureau of Statistics (NBS) said Monday. The statistics office said the June inflation rate showed an increase of 0.38 per cent points when compared to May 2023 headline inflation rate. The NBS said on a year-on-year basis, the headline inflation rate was 4.19 per cent points higher compared to the rate recorded in June 2022, which was 18.60 per cent. “This shows that the Headline inflation rate…

Listen to article(2 minutes)Americans’ growing paychecks surpassed inflation for the first time in two years, providing some financial relief to workers, while complicating the Federal Reserve’s efforts to tame price increases.Copyright ©2023Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8 Listen to article(2 minutes)Americans’ growing paychecks surpassed inflation for the first time in two years, providing some financial relief to workers, while complicating the Federal Reserve’s…