Despite rising prices, Americans are determined to travel this summer |

Inflation can be a real pain in the pocketbook. As a result of rising prices, recent studies reveal Americans are re-thinking their COVID revenge travel plans. Rather than sit another summer out, though, many Americans are simply switching up their vacation destinations. Here’s the current outlook and how money can still be saved on travel. … Read more

China’s consumer prices climb as Covid prompts food stockpiling

Fresh vegetable prices rose by 24% year-on-year in April as consumers stocked up to prepare for potential stay-home orders. Pictured here is a delivery driver for Alibaba’s Hema Fresh supermarket in Beijing on May 10, 2022. Jade Gao | Afp | Getty Images BEIJING — China’s consumer and producer prices rose more than expected in … Read more

US economy shrinks, threats loom, but growth likely to last

WASHINGTON — The US economy shrank in the first three months of the year, and faces threats from high inflation and rising interest rates, yet economists foresee a return to growth for the rest of 2022 based on the strength of the job market and consumer spending . The 1.4% quarterly decline in gross domestic … Read more

Fhrai Appeals Gst Rationalisation For The Hospitality Sector

NEW DELHI : Citing the unprecedented rise in inflation, the Federation of Hotel & Restaurant Associations of India (FHRAI) has requested the GST Council to evaluate the present GST structure for the hospitality sector and appealed for it to be rationalised. With prices of edible oils, cooking gas, fuel, transport and other essentials going through … Read more

China’s 2022 Covid lockdowns inflation risk bigger vs 2020

China’s automobile and component exports more than doubled in 2021 from a year ago, exceeding 30% growth in China’s exports overall, Bernstein analysts found. Yi Fan | Visual China Group | Getty Images BEIJING — China’s latest Covid lockdowns are a greater risk for global inflation today than they were in 2020, Bernstein analysts said. … Read more

Shoppers Are Reeling From Rising Prices. Retailers Must Prepare For A Reset.

“The bottom line is that there are just as many uncertainties weighing on the outlook for growth as … [+] there were a year ago, even if some of the forces at play have changed,” reported NRF Economist Jack Kleinhenz. (Photo by Win McNamee/Getty Images) Getty Images It’s been almost two years to the day … Read more

US Inflation Jumped 8.5% in Past Year, Highest Since 1981 | US News®

By PAUL WISEMAN, AP Economics Writer WASHINGTON (AP) — Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers and wiping out the pay raises that many people have received. The Labor Department said Tuesday that its consumer … Read more

Rising prices of essentials, fuel spare no one, strain household budgets across country

A sharp rise in prices of essential commodities over the past few months coupled with the latest burden of steep hike in fuel rates have made life difficult for almost every section of the society across the country, with people finding it hard to manage household budget. While the prices of vegetables and several other … Read more

A key inflation gauge sets 40-year high as gas and food soar

An inflation gauge closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances By CHRISTOPHER RUGABER AP Economics Writer March 31, 2022, 1:59 PM • 4 min read Share to FacebookShare to TwitterEmail this article WASHINGTON — … Read more

Is 2022 the year of ‘revenge travel’ in US?

ALBANY, NY (NEWS10)- Gas prices have leveled off but are still causing Americans to spend more money to get around. Americans will pay more for road trips and flights this summer too. Yet approximately 81% or 208 million American adults expect to travel, based on a survey from The Vacationer. Gas price stimulus checks? Lawmakers … Read more