By the numbers: Grocery prices (or "food at home," as the Bureau of Labor Statistics calls it) rose by 0.7% in December, the largest monthly gain since the peak inflation period in August 2022.
- … [+2196 chars]
Grocery prices see biggest spike since 2022 in December - Axios
The jump in costs highlights the challenge for the White House in the lead-up to midterm elections.
By:Courtenay Brown
Source:Axios
Published:
Related News
Treasuries Join Global Bond Selloff as Tariff Fears Grip Markets - Bloomberg.com
Treasuries joined a selloff in global bonds amid concerns about fiscal spending, a fresh geopolitical tariff threat and questions over the impact that might have on demand for American assets.
Bloomberg•Ruth Carson
Japan 40-Year Bond Yield Hits 4% for First Time Since 2007 Debut - Bloomberg.com
The yield on Japan’s 40-year government bond hit 4%, the highest since its debut in 2007 and a first for any maturity of the nation’s sovereign debt in more than three decades.
Bloomberg•Mia Glass
China keeps benchmark lending rates unchanged despite slowing economic growth - CNBC
The People's Bank of China held its 1-year and 5-year loan prime rates at 3% and 3.5%, respectively, keeping them unchanged for an eighth straight month.
CNBC•Anniek Bao