Consumer prices
FILE - Federal Reserve Chairman Jerome Powell, right, testifies before the Senate Banking Committee on Capitol Hill in Washington, Tuesday, Dec. 1, 2020. The economy is growing at a healthy clip, and that has accelerated inflation, Federal Reserve Chair Jerome Powell says in written testimony to be delivered Tuesday, June 22, 2021 at a congressional oversight hearing. (AP Photo/Susan Walsh, Pool)
Fed's Powell says high inflation temporary, will 'wane'

By Christopher Rugaber Jun. 22, 2021 02:47 PM EDT

Flags adorn the facade of the New York Stock Exchange, Wednesday, June 16, 2021. Stocks are opening mostly lower on Wall Street Tuesday, June 22 as traders wait for more clues on the Federal Reserve's thinking on inflation. (AP Photo/Richard Drew)
Wall Street rises, pushing S&P 500 back near record high

By Damian J. Troise And Stan Choe Jun. 22, 2021 02:46 AM EDT

People sit at outdoor tables at a restaurant in Soho, in London, Monday, June 14, 2021. British Prime Minister Boris Johnson is expected to confirm Monday that the next planned relaxation of coronavirus restrictions in England will be delayed as a result of the spread of the delta variant first identified in India. (AP Photo/Alberto Pezzali)
UK inflation up more than expected amid COVID fluctuations

Jun. 16, 2021 05:45 AM EDT

FILE - American flags hang outside of the New York Stock Exchange, in this Tuesday, Feb. 16, 2021, file photo. The White House believes it has an ally in the bond markets to make the case that inflation isn't an economic threat. (AP Photo/Frank Franklin II, File)
White House: Markets showing little worry about inflation

By Josh Boak Jun. 16, 2021 05:22 AM EDT

Shown are milk jugs at a grocery store in Roslyn, Pa., Tuesday, June 15, 2021. Wholesale prices, boosted by rising food costs, increased 0.8% in May, and are up by a record amount over the past year, another indication that inflation pressures are rising since the economy has begun to re-open following the pandemic lockdowns. (AP Photo/Matt Rourke)
Record rise in US wholesale prices over the past year

By Martin Crutsinger Jun. 15, 2021 08:41 AM EDT

Patrons are assisted while dining along a sidewalk on Franklin Street in Chapel Hill, N.C., Friday, April 16, 2021. As consumers increasingly venture away from home, demand has begun to shift away from manufactured goods and toward services, from airline fares to restaurant meals, triggering inflation in those areas. (AP Photo/Gerry Broome)
Another jump in prices tightens the squeeze on US consumers

By Martin Crutsinger Jun. 10, 2021 08:42 AM EDT

People wearing face masks stand next to a bank's electronic board showing the Hong Kong share index in Hong Kong, Friday, June 11, 2021. Shares were mostly higher in Asia on Friday after the S&P 500 index notched another record high despite a 5% surge in U.S. consumer prices in May. (AP Photo/Kin Cheung)
Asian shares mixed after US inflation jumps 5% in May

By Elaine Kurtenbach Jun. 10, 2021 05:25 AM EDT

A currency trader takes a look at documents at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Tuesday, June 8, 2021. Stocks edged lower in Asia on Tuesday after a mixed finish on Wall Street, as investors weighed the risks of inflation against signs the recovery from the pandemic is gaining momentum. (AP Photo/Ahn Young-joon)
Asian shares edge lower after mixed finish on Wall Street

By Elaine Kurtenbach Jun. 06, 2021 11:24 PM EDT

In this May 26, 2021 photo, a sign for workers hangs in the window of a shop along Main Street in Deadwood, S.D. U.S. employers added 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession. (AP Photo/David Zalubowski)
US economy: Plenty of growth, not enough workers or supplies

By Paul Wiseman Jun. 05, 2021 10:03 AM EDT

FILE - In this May 7, 2021 file photo, Treasury Secretary Janet Yellen speaks during a press briefing at the White House in Washington. Yellen says that the economic recovery is going to be “bumpy” with high inflation readings likely to last through the end of this year. But Yellen maintained Thursday, May 27, that the inflation pressures will be temporary and if they do threaten to become embedded in the economy, the government has the tools to address that threat. (AP Photo/Patrick Semansky)
Yellen says economic recovery likely to be 'bumpy'

By Martin Crutsinger May. 27, 2021 01:52 PM EDT

A young visitor looks at human skulls and weapons found in the River Thames dating 1300-1000BC at the Museum of London, which is reopening following the further easing of lockdown restrictions in England, in London, Wednesday May 19, 2021. (Victoria Jones/PA via AP)
UK inflation spikes as retailers respond to lockdown easing

May. 19, 2021 07:49 AM EDT

President Joe Biden speaks during a tour of the Ford Rouge EV Center, Tuesday, May 18, 2021, in Dearborn, Mich. (AP Photo/Evan Vucci)
WH memo sees economic strength where critics see fragility

By Josh Boak May. 18, 2021 01:51 PM EDT

FILE - In this April 29, 2020 file photo, a shopper wears a mask as she looks over meat products at a grocery store in Dallas. Wholesale prices rose a higher-than-expected 0.6% in April, driven by a sharp rise in food costs. The increase, reported Thursday, May 13, 2021, by the Labor Department, followed a sizable 1% advance in March.(AP Photo/LM Otero, File)
Big 0.6% April wholesale price jump catches many off guard

By Martin Crutsinger May. 13, 2021 09:05 AM EDT

FILE - In this April 29, 2020 file photo, a worker restocks chicken in the meat product section at a grocery store in Dallas. Rising prices for a variety of commodities are contributing to a jump in prices at the consumer level in 2021, with Americans paying more for meat, gasoline, items they keep in their homes and even the homes themselves. (AP Photo/LM Otero)
Rising commodities costs hit Americans at home and on road

The Associated Press May. 12, 2021 01:36 PM EDT

Groceries are shown at a checkout counter, Friday, April 16, 2021, at a grocery store in Surfside, Fla. U.S. consumer prices surge 0.8% in April, pushing the rise in inflation over the past year to the fastest rate in more than a decade, an acceleration that has stirred worries about rising inflation. The Labor Department reported Wednesday, May 12, that the price consumers pay for their purchases of everything from food and clothes to new cars rose at a faster pace than last month’s 0.6% rise. (AP Photo/Wilfredo Lee)
Consumer prices shot up 0.8% in April as worries escalate

By Martin Crutsinger May. 12, 2021 09:38 AM EDT

FILE - In this Dec. 1, 2020 file photo, Chairman of the Federal Reserve Jerome Powell appears before the Senate Banking Committee on Capitol Hill in Washington. Powell says the economic outlook has “clearly brightened” in the United States but the recovery remains too uneven with lower income groups lagging behind. In a speech Monday, May 3, 2021 Powell cited a number of reasons that U.S. growth prospects have brightened. (AP Photo/Susan Walsh, Pool)
EXPLAINER: Why are fears of high inflation getting worse?

By Christopher Rugaber May. 11, 2021 05:02 PM EDT

A man walks past a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange Tuesday, May 11, 2021. Shares dropped Tuesday in Asia after selling of several Big Tech companies pulled U.S. benchmarks lower. (AP Photo/Vincent Yu)
Wall Street opens lower led by more drops in Big Tech stocks

The Associated Press May. 11, 2021 03:24 AM EDT

This Week: Consumer prices, Disney earns, US retail sales

The Associated Press May. 10, 2021 01:10 AM EDT
A look at some of the key business events and economic indicators upcoming this week: INFLATION SURGE? A key measure of...

Gas prices are shown on a Exxon service station sign in Philadelphia, Wednesday, April 28, 2021. Commodities like plastic, paper, sugar and grains are all getting more expensive as demand outpaces supply. Companies are also paying more for shipping as fuel costs rise and ports experience longer delays because of congestion. (AP Photo/Matt Rourke)
Companies sound alarm over commodity price hikes

By Damian J. Troise Apr. 29, 2021 09:10 AM EDT

FILE - In this March 25, 2021 file photo, shoppers look at items in Bed, Bath and Beyond, in New York. U.S. consumer prices increased a sharp 0.6% in March, the biggest increase since 2012, while inflation over the past year rose a sizable 2.6%. The big gains were expected to be a temporary blip and not a sign that long dormant inflation pressures were emerging. (AP Photo/Mark Lennihan, File)
Consumer prices jump 0.6% in March, biggest gain since 2012

By Martin Crutsinger Apr. 13, 2021 08:50 AM EDT