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Here’s why food prices remain stubbornly high even as inflation cools
Shoppers hoping for a little relief at the grocery store for their holiday meals will be disappointed by the Consumer Price Index released Tuesday. The CPI shows inflation cooling, but food prices — particularly for some holiday staples — remain high. The CPI increased 0.1% in November, which was lower than some economists expected. Over […]
Here’s when drug prices will start to decrease for Medicare recipients
Starting next month, a $35 cap on insulin prices will go into effect for millions of Medicare recipients. The lower pricing is one of the first of several policy measures Americans will see in the coming months and years under the Inflation Reduction Act signed into law in August. The bill also requires pharmaceutical companies […]
Two communities find a cure for medical debt: pandemic stimulus funds
Local governments in Ohio and Illinois are using American Rescue Plan Act money to relieve residents struggling with medical debt by partnering with an organization that buys debt and wipes the slate clean for debtors. It’s a strategy advocates say could be duplicated across the country to help erase a multibillion-dollar problem. On Nov. 9, […]
Millions of workers are dealing with long COVID. Advocates call for expanding social safety net.
Emily Withnall caught COVID-19 from her teenager in July 2020. In the more than two years since, the 40-year-old has suffered from debilitating fatigue, spinal pain and heart palpitations. In addition to her primary care doctor, she regularly sees a cardiologist and says her acupuncturist and craniosacral therapy help relieve her pain and the trouble […]
4 takeaways on housing ahead of inflation report
Housing costs, including rental prices, are on the path to stabilizing, but evidence of this won’t show up in inflation measures anytime soon, economists say. The latest Consumer Price Index numbers, which are used to measure inflation, come out on Thursday morning. But the survey that is used to measure shelter, a large component of […]
The Fed raises interest rates again, signals more coming despite pressure to slow the pace
The Federal Reserve announced on Wednesday that in its continuing efforts to tamp down inflation, it would raise interest rates yet again by another three-quarters of a point to a target range of 3.75% to 4%. Federal Reserve Chair Jerome Powell said during a press conference following the announcement that the “historically fast pace” of […]
Costs of incarceration rise as inflation squeezes inmates, families
Across the nation, prison commissaries are raising prices on items that many consider basic necessities — from deodorant to fresh fruit — that are not provided by the state department of corrections. The markups come as decades-high inflation is also squeezing inmates’ families, making it harder for them to help. It’s a burden that families […]
GOP leaders target ‘woke’ investments through state pension funds
Republicans in state capitals across the country are targeting an investing concept known as environmental, social and corporate governance criteria, or ESG for short. Describing these investment criteria as “woke” and “misguided activism,” GOP officials argue that by taking these factors into account when making investment choices, financial institutions are putting ideology ahead of making money. […]
As rural homelessness increases, HUD aims money at helping people without access to shelters
The Department of Housing and Urban Development has opened up millions of dollars in funding for groups serving unhoused people in rural areas — an unprecedented move by the agency, say housing advocates. People living in cars, parks and on the street at night, which the agency labels unsheltered homelessness, has increased across the nation, […]