Christopher Rugaber

Government, Business

Producer Prices Surge 11% in April as Food Prices Jump

meat bin Matt Rourke/AP

WASHINGTON — U.S. producer prices soared 11% in April from a year earlier, a hefty gain that indicates high inflation will remain a burden for consumers and businesses in the months ahead.

Christopher Rugaber | Associated Press
May 12, 2022
Government, Business

Inflation Hit 8.3% in April but Slows From 40-Year High

gas pump A customer pumps gas at an Exxon gas station on May 10 in Miami. (Marta Lavandier/AP)

WASHINGTON — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households.

Christopher Rugaber | Associated Press
May 11, 2022
Government, Business, Fuel

Key Inflation Gauge Sets 40-Year High as Fuel, Food Soar

grocery aisle Getty Images

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances.

Christopher Rugaber | Associated Press
March 31, 2022
Government, Business

US Inflation Soared 7.9% in Past Year, a Fresh 40-Year High

Inflation Shoppers look at frozen foods at a Walmart in California. (Sandy Huffaker/Bloomberg News)

WASHINGTON — Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of higher prices to come.

Christopher Rugaber | Associated Press
March 10, 2022
Government, Business

US Added Robust 678,000 Jobs in February

Hiring sign Marta Lavandier/AP

WASHINGTON — U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy’s solid health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.

Christopher Rugaber | Associated Press
March 4, 2022
Government, Business

Key Inflation Gauge Hit 6.1% in January

trader in Seoul A currency trader talks on the phone at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea. (Ahn Young-joon/AP)

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.

Christopher Rugaber | Associated Press
February 25, 2022
Government, Business, Safety, Logistics

Inflation, Tangled Supply Lines Are Gripping Economy

Shopper SDI Productions/Getty Images

WASHINGTON — Since the pandemic erupted two years ago, Forest Ramsey and his wife, Kelly, have held the line on prices at their gourmet chocolate shop in Louisville, Ky. Now, they’re about to throw in the towel.

Christopher Rugaber | Associated Press
February 11, 2022
Business

Employers Add 467,000 Jobs in January

Discussion at a jobs fair Marriott human resources recruiter Mariela Cuevas (left) talks to Lisbet Oliveros during a job fair at Hard Rock Stadium last September in Miami Gardens, Fla. (Carlos Osorio/Associated Press)

WASHINGTON — U.S. employers added a burst of 467,000 jobs in January despite a wave of omicron infections that sickened millions of workers, kept many consumers at home and left businesses from restaurants to manufacturers short-staffed.

Christopher Rugaber | Associated Press
February 4, 2022
Government, Business

Fed to Accelerate Withdrawal of Economic Aid as Prices Surge

Jerome Powell U.S. Federal Reserve Chairman Jerome Powell (Andrew Harrer/Bloomberg News)

WASHINGTON — Under Chair Jerome Powell, the Federal Reserve is poised this week to execute a sharp turn toward tighter interest rate policies with inflation accelerating and unemployment falling faster than expected.

Christopher Rugaber | Associated Press
December 14, 2021
Government, Business

Businesses Advertise Near-Record 11 Million Open Jobs

Businesses Advertise Near-Record 11 Million Open Jobs A sign posted for a company hiring. (Marcio Jose Sanchez/Associated Press)

U.S. employers posted 11 million open jobs in October, nearly matching a record high reached in July and a sign that companies were confident enough in the economy to expand.

Christopher Rugaber | Associated Press
December 8, 2021

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