WASHINGTON — U.S. consumer price increases eased in August compared to a year ago, the government said Tuesday, but the drop was modest and may not be noticed much by financially squeezed American households. The inflation rate was up at an annualized 8.3% rate in August, the Bureau of Labor Statistics reported. The figure was down […]
The price of U.S. consumer goods, such as food, fuel and rent, rose at the fastest pace since 1982 in November, according to a Department of Labor report Friday. The 6.8% increase was the highest since June of 1982. The November rate follows a 6.2% increase in October. Even with more volatile items such as […]
The recent breakup of an Antarctic ice shelf is speeding up the ocean-bound descent of a glacier holding back at least a meter of sea level rise, according to new research. The findings may have implications for predicting when collapsing glaciers will raise sea levels and flood coastal cities. Pine Island, the focus of the study, […]
WASHINGTON – U.S. consumer prices surged in May, jumping 5% from a year ago, the highest annual inflation rate in nearly 13 years, the Labor Department reported Thursday. The increase, in a variety of ways, is linked to the country’s recovery from the coronavirus pandemic, with merchants increasing prices as consumers — many of them […]