Inflation

FILE- In this Aug. 24, 2018, file photo, a worker rakes wild blueberries at a farm in Union, Maine. On Thursday, Feb. 14, 2019, the Labor Department reports on U.S. producer price inflation in January. (AP Photo/Robert F. Bukaty, File)
February 14, 2019 - 7:34 am
WASHINGTON (AP) — U.S. wholesale prices fell for a second straight month in January as energy costs fell sharply again. The monthly declines were more evidence that inflation remains under control. The Labor Department said Thursday that producer prices, which track changes before they reach the...
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February 13, 2019 - 4:35 pm
SPRINGFIELD, Ill. (AP) — In a story Feb. 12 about a proposal to raise the Illinois minimum wage, The Associated Press incorrectly reported that the value of a $15 minimum wage in 2025 would be about $10.46 in today's money, assuming an annual inflation rate of 2.1 percent. At that rate, it would be...
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FILE- This Feb. 7, 2019, file photo shows the bread section of a Safeway store in Tacoma, Wash. On Wednesday, Feb. 13, 2019, the Labor Department reports on U.S. consumer prices for January. (AP Photo/Ted S. Warren, File)
February 13, 2019 - 8:43 am
WASHINGTON (AP) — Consumer prices were unchanged in January, as lower gasoline prices offset the rising costs of housing, clothing and medical care. The Labor Department said the consumer price index rose only 1.6 percent last month from a year earlier. That matched the slowest pace of annual...
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Illinois Gov. J.B. Pritzker gives his opening remarks along with Illinois State Sen. Kimberly Lightford, D-Maywood, left, on Senate Bill 1, a bill sponsored by Lightford to raise the state's minimum wage to $15 an hour by 2025, after it passed the Illinois Senate during a press conference in the governor's office at the Illinois state Capitol, Thursday, Feb. 7, 2019, in Springfield, Ill. (Justin L. Fowler/The State Journal-Register via AP)
February 12, 2019 - 4:12 pm
SPRINGFIELD, Ill. (AP) — Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025. The statewide pay floor has remained...
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Illinois Gov. J.B. Pritzker gives his opening remarks along with Illinois State Sen. Kimberly Lightford, D-Maywood, left, on Senate Bill 1, a bill sponsored by Lightford to raise the state's minimum wage to $15 an hour by 2025, after it passed the Illinois Senate during a press conference in the governor's office at the Illinois state Capitol, Thursday, Feb. 7, 2019, in Springfield, Ill. (Justin L. Fowler/The State Journal-Register via AP)
February 12, 2019 - 3:38 pm
SPRINGFIELD, Ill. (AP) — Nearly a quarter of workers in Illinois would see their pay almost double under a proposal nearing final approval in the Legislature, but inflation will take a huge bite by the time the state's minimum wage reaches $15 an hour in 2025. The statewide pay floor has remained...
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A man walk past a Reserve Bank of India logo at their head office in Mumbai, India, Thursday, Feb. 7, 2019. India's central bank has lowered its key interest rate by a quarter of a percentage point to 6.25 percent, a step that is expected to boost the economy. (AP Photo/Rajanish Kakade)
February 07, 2019 - 3:42 am
NEW DELHI (AP) — India's central bank on Thursday lowered its key interest rate by a quarter of a percentage point to 6.25 percent in a surprise move intended to keep growth on track. The interest rate is what the federal bank charges on lending to commercial banks. Lower interest rates help...
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The sun rises over the banking district of Frankfurt, Germany, Thursday, Jan. 31, 2019. (AP Photo/Michael Probst)
February 01, 2019 - 5:07 am
BRUSSELS (AP) — Inflation in the 19-country eurozone eased in January, a potential sign of economic weakness for a region beset by multiple challenges, from Brexit to disputes in international trade. Statistics agency Eurostat said Friday that the year-on-year rise in prices fell to 1.4 percent in...
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FILE- In this Sept. 10, 2018, file photo corn plants shoot out of a forage harvester as farmer Jim Minott works to get some of his 50 acres harvested before impending rain in Brunswick, Maine. Minott will feed the silage to his cows. On Tuesday, Jan. 15, 2019, the Labor Department reports on U.S. producer price inflation in December. (AP Photo/Robert F. Bukaty, File)
January 15, 2019 - 7:55 am
WASHINGTON (AP) — U.S. wholesale prices fell last month, dragged down by a steep drop in gas costs, suggesting that inflation will remain tame in the coming months. The Labor Department said that the producer price index — which tracks cost changes before they reach the consumer — fell 0.2 percent...
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FILE- In this Nov. 9, 2018, file photo toys are displayed at a Walmart Supercenter in Houston. On Friday, Jan. 11, 2019, the Labor Department reports on U.S. consumer prices for December. (AP Photo/David J. Phillip, File)
January 11, 2019 - 8:13 am
WASHINGTON (AP) — Consumer prices slipped 0.1 percent last month, pulled down by sharply lower gas prices and cheaper air fares, used cars, and mobile phone plans. The consumer price index rose just 1.9 percent in December from a year earlier, the Labor Department said Friday, the first time it has...
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Federal Reserve Chairman Jerome Powell speaks at a conference, Friday, Jan. 4, 2019, in Atlanta. Powell said that he will not resign if asked to do so by President Donald Trump, a message that heartened investors who had been concerned by Trump's repeated attacks on his hand-picked choice to lead the nation's central bank. (AP Photo/Annie Rice)
January 04, 2019 - 2:24 pm
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell said Friday that he will not resign if asked to do so by President Donald Trump, and that he is prepared to be patient in deciding when to raise interest rates again. Both of those messages cheered stock market investors who had been worried...
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