Inflation

USDA raised its consumer food price forecast again, to 8.5% to 9.5% for 2022. The agency had initially predicted a 2% to 3% rise in prices. Eggs, fats and oils, and poultry prices are making the biggest gains.

The consensus ahead of the FOMC report is a jump of 0.5 percentage points, says Chip Flory, host of AgriTalk. But what should the Fed actually do?

From record-high gas and diesel prices on the road to a major spike in the price Americans paid for their Memorial Day weekend barbecue essentials, shoppers are seeing price spikes everywhere they go.

Gas prices are above $4 a gallon in every state for the first time ever, and with the average price of gasoline posting another new record Thursday, it’s causing shoppers to alter their appetites at the grocery store.

We’ll start with the good news: The April data market saw a slight easing in the financial metric. The bad news: Inflation is still near 40-year highs.

Inflation predictions were so wrong for so long, the real thing has flummoxed us entirely. The other problem with this abrupt price change is the number of things to blame.

Decision making changes during periods of inflation. If the historic inflation continues, knowing how inflation impacts decision making will help you make better choices, and your plans will be more likely to succeed.