Inflation is finally slowing down, but prices in our area are still high. GainerTV reports.
, compared with the year prior. That's down from 7.1 percent in November. "For the sixth month in a row, inflation has come down," said President Joe Biden. Mr. Biden said falling gas prices are a big reason for the decrease.
"Now gas is down more than a dollar seventy from its peak. That adds up to a typical family with two vehicles to a savings of $180 a month," said Mr. Biden. In the New York-New Jersey area, energy prices fell 5 percent over the month, with gasoline prices dropping 9.5 percent and household energy prices decreasing 2 percent. "It was the second consecutive month that we've had a 0.2 percent increase in prices," said Bruce Bergman, a regional economist for the Bureau of Labor Statistics."The last couple of months we've had kind of a pickup in rents, and we hadn't seen anything like that here locally in a while.
"But the rate of increase is starting to decelerate in a big way and that should continue through the first half of this year," said CBS News Business Analyst Jill Schlesinger."The Fed doesn't want to go too far, because it can really slow down growth and push us into a recession." This was the last inflation report before the Federal Reserve meets to decide whether to increase interest rates again to further reduce inflation.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Alleged gun smugglers indicted in New York City under new federal lawFour men were arrested in a gun trafficking conspiracy case that federal prosecutors said was the first of its kind under a new law that boosts the penalties against smugglers.
Weiterlesen »
Adding 14 New Restaurants, Michelin’s New York Guide Hints at This Year’s New StarsIt doesn’t mean they’re definitely getting Michelin stars, but they are the spots Michelin inspectors think you should be dining at.
Weiterlesen »
The Walking Dead: Dead City Reveals Why Maggie & Negan Go To New YorkTheWalkingDeadDeadCity sees Maggie and Negan going to zombie-infested New York on a desperate mission to save a kidnapped Hershel.
Weiterlesen »
Where to go ice skating 100 floors above New York City streetsEdge at Hudson Yards, the highest outdoor sky deck in the Western Hemisphere, is opening up an ice skating rink high above New York City streets on Tuesday.
Weiterlesen »
'Chaotic' Scenes Inside 2 New York City Hospitals During Nurses' StrikeNEW YORK — Ambulances have been diverted, elective procedures canceled and as many patients as possible have been discharged as Montefiore Medical Center in the Bronx grapples with a nurses’ strike that stretched into its third day Wednesday. With 3,500 nurses off the job, the hospital has called in temporary nurses, and the mayor asked people to dial 911 only when necessary. The emergency room waiting area has been largely quiet. But conditions deeper inside one of the borough’s main hospitals
Weiterlesen »
Buttigieg Flew on Taxpayer-Funded Jet for a Day Trip to New York CityAs Americans continue to experience travel chaos, Transportation Secretary Pete Buttigieg flew on a taxpayer-funded jet from D.C. to NYC before returning to D.C. hours later.
Weiterlesen »