Washington — The U.S. Labor Department reported Tuesday that consumer prices rose 3.8% year‑over‑year in April 2025 and climbed 0.6% from March as gasoline prices surged 5.4% for the month amid the 10‑week war with Iran. Labor Department figures showed gasoline up more than 28% compared with a year earlier,...
WASHINGTON — U.S. consumer prices rose in April, the Labor Department reported on May 12, marking the largest annual increase in inflation in about three years as energy and food costs climbed. The Consumer Price Index showed monthly underlying inflation acceleration, partly affected by a one-time rent adjustment tied to...
United States. Gas prices increased across several regions this week, with GasBuddy and AAA reporting weekly and month-over-month gains on Monday. South Carolina's average rose to $4.11 per gallon, Rochester averaged $4.54, Michigan $4.73, Peoria $4.94, and Illinois registered among the highest statewide averages near $4.99. This week’s rises followed a...
Washington — This week the administration said it supports pausing the federal gas tax temporarily to provide relief at the pump, with the energy secretary making the comment on Sunday and President Trump repeating the intent in a Monday CBS interview; officials cited national averages near $4.52 per gallon and...
U.S. gasoline prices have risen sharply since late February, placing significant financial strain on drivers with long commutes or driving-based jobs. Average regular gasoline climbed from $2.98 per gallon on February 28, when the Iran war began, to $4.56 per gallon by May 7, a 53% increase, according to AAA....
Federal Reserve officials signaled at their June policy meeting that interest rate cuts are unlikely until they gain greater confidence that inflation is moving sustainably toward the 2 percent target, according to minutes released Wednesday. Participants warned that if inflation stays elevated or rises, additional rate hikes could be needed,...
U.S. consumer sentiment declined to a new all‑time low in May 2026 as higher gasoline prices and broader cost pressures weighed on household attitudes, according to preliminary data released Friday by the University of Michigan Surveys of Consumers. The headline Consumer Sentiment Index slipped to 48.2 from April’s final 49.8....
Washington — The U.S. Labor Department reported on Friday that employers added 115,000 nonfarm payroll jobs in April, with the unemployment rate holding at 4.3%. Hiring gains were concentrated in healthcare (37,000) and transportation and warehousing (30,000), while manufacturing lost 2,000 jobs and prior months’ figures were revised. Economists this week...
NEW YORK — Global stock markets rallied on Wednesday as oil prices dropped sharply amid signs of progress toward a deal between the United States and Iran that could allow crude shipments to resume through the Strait of Hormuz. Brent crude, the international benchmark, fell 7.5 percent to US$101.75 a...
Washington — Payroll processor ADP reported on Wednesday that U.S. private-sector employers added 109,000 jobs in April, surpassing economists' expectations and marking the fastest monthly private payroll increase since January 2025. Health care and education accounted for the largest gains while several other sectors showed mixed results, ADP's national employment...
