Inflation News
The Daily Signal provides coverage of inflation trends, Federal Reserve policy, and their impact on everyday Americans. Includes opinion and commentary alongside financial reporting.
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Inflation Stays Uncomfortably High as Rising Prices Continue to Squeeze Americans
Inflation ticked down slightly year-over-year in April but still remained high as rising prices continue to take a toll on average Americans’ finances, according to the latest Bureau of Labor Statistics release on Tuesday. The consumer price index, a broad measure of the prices of everyday goods, increased 3.4% on an annual basis in April…Will Kessler -
How Biden’s Big-Deficit Agenda Guarantees Inflation
Inflation has been a top concern for Americans for years. This is understandable: Inflation-adjusted earnings have declined by thousands of dollars in recent years, putting a heavy strain on family budgets. Ignoring this burden on Americans, the Biden administration has gone out of its way to make inflation worse again and again, all for the…David Ditch -
Understated by Feds, Through-the-Roof Housing Inflation Is Crushing Would-Be Homeowners
Business headlines say that inflation is down, yet countless Americans are struggling, particularly with finding somewhere affordable to live. How do we reconcile these seemingly contradictory notions? First, lower inflation means prices are rising slower, but still rising. Second, housing inflation is being undercounted by official government metrics as much as 4-to-1. The consumer price…EJ Antoni -
Analysis Ties Surge in Inflation to Increased Spending, Value of Debt
The U.S. government and those of other countries could be using higher inflation to lessen the value of growing public debt resulting from increased spending during the COVID-19 pandemic, according to a new analysis by a Harvard economist working with The Heritage Foundation. The study covers government spending from 2020 through 2022, the high point…Fred Lucas -
‘It Is Difficult To Overstate The Extent to Which Inflation Is Devastating American Families,’ Economist Says
"Inflation is still increasing at approximately twice the Federal Reserve's target rate, meaning ordinary Americans are getting no relief after 2 1/2 years of runaway prices," the chief executive officer of the Job Creators Network said after a government agency reported that inflation ticked up last month. The U.S. Bureau of Labor Statistics reported Thursday that the consumer…Samantha Aschieris -
4 Ways Washington’s Spending Spree Caused Inflation With Trillions in Waste, Fraud
Americans are justifiably unhappy with the state of the economy. The inflation figures for August took a turn for the worse—meaning families have now lost $5,100 in purchasing power since President Joe Biden entered the White House. In addition to the burden of inflation, rising interest rates are making home mortgages unaffordable, pushing the American…David Ditch -
‘Crisis of Runaway Prices Is Still Ongoing,’Â Job Creators Network President Says of August Inflation Report
"Inflation accelerated significantly again last month, demonstrating the crisis of runaway prices is still ongoing," the president of the Job Creators Network says after a government agency reported that inflation rose last month. The U.S. Bureau of Labor Statistics reported Wednesday that the consumer price index, a key measure of inflation, ticked up 0.6% in August….Samantha Aschieris -
‘Very Little Keeping Down Prices Going Forward,’Â Economist Says After Inflation Report Released
An economist says "[a]s long as the Treasury continues borrowing trillions of dollars, we'll continue to see elevated inflation" after the U.S. Bureau of Labor Statistics reported on Thursday that inflation was 0.2% in July with a year-over-year rate of 3.2% "Inflation has not been trending towards 3%, but 2%. Now that we've arrived there, there's no indication we're…Samantha Aschieris -
Nation Declines as Government Spending, Inflation Grow; Incomes Fall
Using statistics from the Department of Labor, The Wall Street Journal reports that real hourly wages during the Biden presidency have declined. When Joe Biden took office in January 2021, the average hourly wage adjusted for inflation was $11.39. Now, 29 months later, it stands at $11.03, a 3.16% decline. Stephen Moore of the Committee…Star Parker -
‘REAL WAGE DESTRUCTION’: Small Business Leader Reacts to Latest Inflation Report
An economist says "American families are having to eat the rotten fruit from the tree of government overspending" after the U.S. Bureau of Labor Statistics reported on Wednesday that the consumer price index, a key measure of inflation, rose 0.2% in June. "It's great news for the consumer that inflation has slowed dramatically from 40-year highs,…Samantha Aschieris -
We Traded a Debt Crisis for an Inflation Crisis, and Now We Have Both
In response to the Great Recession of 2007, politicians resorted to their favorite pastime: recklessly spending other people’s money. Instead of dealing with the real issue—runaway government spending and power—we quietly traded the specter of a debt crisis for the slow burn of an inflation crisis. Today, however, we have both. Instead of casting the…Richard Stern -
April Inflation Report Bodes Ill for American Families, Economist Says
An economist says "families' incomes are not keeping up with inflation" after the latest consumer price index showed inflation rose 0.4% in April, up 4.9% compared with April 2022, the U.S. Bureau of Labor Statistics reported Wednesday. "Wednesday's data show inflation is still firmly entrenched in the economy, and that will continue until we rein in government's…Samantha Aschieris -
Bitter Fruit of Bidenomics: 2 Years of Inflation-Ravaged Wages for US Workers
Last week marked the two-year anniversary of declining real wages for ordinary American workers due to ongoing high inflation. The latest consumer price index, released last week, shows prices grew 20% faster than wages over the past 12 months. This sad anniversary is the result of President Joe Biden and congressional Democrats’ reckless spending that has diluted the value of…Alfredo Ortiz