inflation

U.S. Treasury Secretary Janet Yellen attends a meeting in Seoul, South Korea on Tuesday. She spoke to Morning Edition about some of the initiatives she's been promoting on her trip overseas.

Yellen believes U.S. will get on board with global minimum corporate tax — eventually

11:59am July 19, 2022

by Rachel Treisman

Treasury Secretary Janet Yellen spoke to Morning Edition about global efforts to choke off much of Russia's profit from oil sales and the odds of a recession in the U.S.

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Gas prices are displayed on a sign at a gas station in Williams, Ariz., on Wednesday, July 6, 2022.

No retreat in the summer heat. Inflation blistering at 9.1% in June

10:55am July 13, 2022

by Scott Horsley

Inflation hit a new, four-decade high of 9.1% last month, fueled in part by record high gasoline prices. Gas prices have since fallen, but overall inflation is still elevated.

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Lean Out: Employees Are Accepting Lower Pay In Order To Work Remotely

9:28am July 12, 2022

by Greg Rosalsky

A new study finds American companies are using remote work as a way to avoid giving workers raises; so much so that it's helping to moderate inflation.

Then-Sen. Joe Biden is seen with former President Jimmy Carter watching the proceedings at the Democratic National Convention in Denver in 2008 where Biden would be the party's vice presidential nominee.

Politics & Government

When a first-term Democratic president struggles, people talk about Jimmy Carter

5:00am July 10, 2022

by Ron Elving

Biden has been faulted for speeches that do not seem to meet the moment or lack the urgency to compel others to follow. His soothing approach to issues that prompt anger has often failed to soothe.

Fewer jobs were added in June, but the labor market is still tight. A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Va., last month.

Hiring slipped only slightly in June, with no sign of a looming recession

5:24pm July 08, 2022

by Scott Horsley

U.S. employers added 372,000 jobs in June, while the unemployment rate held steady at 3.6%. Despite slightly slower job growth, the labor market remains an economic bright spot.

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Florence Aluoch Odero prepares fish for frying at Migingo Island Hotel, a food stall in Nairobi's Kenyatta Market. Her expenses are soaring due to inflation.

Health & Safety

The case of the incredible shrinking fritter: A report from Kenya's street stalls

10:15pm July 02, 2022

Inflation — fueled by the pandemic, the war in Ukraine and local issues — has made everything more expensive, including the oil used to fry street food. Here's how vendors and customers are coping.

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Fourth of July food costs more this year: Hot dogs: +6.3% since last year. Produce: +7%. Shrimp: +8.2%. Buns: +10%. Ground beef: +11.8%. Soda: +13%. Chicken breast: +24%. Beer: +25%. Wings: +38%.

Economy

Fourth of July parties will cost more this year but you can save with a bit of math

10:27am July 01, 2022

by Jacqueline GaNun

Hosting a July 4th barbeque is 11 percent more expensive than last year, thanks to inflation. The prices of chicken wings, ground beef and beer have all skyrocketed. Still, there are ways to save.

This was the viral image first posted by Twitter user @__cordazzle. AriZona's official account then clarified that $1.29 was the Canadian price.

National

Inflation killed the $1 pizza slice. Long live the 99c iced tea

5:01am June 28, 2022

by Manuela López Restrepo

A viral tweet claimed the AriZona Iced Tea was raising its price from 99 cents to $1.29. It wasn't true, but could it happen in the near future?

Economy

Duke University economists warn high prices aren't going away anytime soon

10:55am June 23, 2022

by Neal Charnoff

Several economists from Duke University are outlining the impacts of inflation.

President Biden pitched a three-month break on the federal fuel tax to help American drivers face the highest inflation in four decades, but critics said the proposal is unlikely to work.

Biden wants a gas tax holiday. Some economists say that's a bad idea

3:17pm June 22, 2022

by Franco Ordoñez

Biden wants Congress to give people a break on the federal gas tax for the summer. But economists say that won't translate into big savings at the pump — and could hurt efforts to curb inflation.