Sep. inflation report shows mixed results
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The Trump administration has elevated fossil fuels as a solution to rising electricity bills, positing that more coal and gas power can cut prices. But building a new gas-fired plant is increasingly expensive and takes years, and the U.S. is preparing to ship more liquefied natural gas out of the country anyway.
Trump administration officials have asserted for months that import duties will at most cause a one-time bump in inflation.
Forecasters expect inflation to continue rising in the fourth quarter as President Donald Trump's tariffs continue to push up prices for everyday goods and services.
State behind-the-meter policies and renewable portfolio standards appear to increase electricity prices, Lawrence Berkeley National Laboratory researchers said.
Inflation continued to dog shoppers last month, as consumers were forced to shoulder more of the cost of President Trump's tariffs. Consumer prices in July were up 2.7% from a year ago, according to a report Tuesday from the Labor Department. The annual ...
“With AI and data centers, that growth is at such a sharper trajectory than anything else we’ve seen in recent years,” Vaughn said. “That is a major catalyst for increases in monthly bill amounts, and there’s no end in sight.”
Inflation is creeping higher, with some Americans saying they're squeezed: "It's really challenging"
For Kasey McBlais, a 42-year-old single mom who lives in Maine with her two elementary school-aged children, the cost of running a household is only getting more expensive, from buying groceries to paying for her home's upkeep. "It's really challenging ...
Inflation inched higher last month as Americans closed out the summer paying more for both groceries and gasoline. Consumer prices in August were up 2.9% from a year ago, according to a report Thursday from the Labor Department. That's a sharper annual ...