Retail sales slide 1.9% in December amid shortages, omicron
Retail sales fell a seasonally adjusted 1.9% in December compared with the previous month when sales increased 0.3%. Supply chain issues as well as the new surging omicron variant played…
supply shortages
Lebanon ‘unlivable’ place due to economic crisis, shortages
BEIRUT (AP) — Ibrahim Arab waits in line several hours a day in the hot summer sun to buy gas for his taxi. When he’s not working, the 37-year-old father…
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US wholesale prices rise as economy emerges lockdowns
WASHINGTON (AP) — Wholesale prices, driven by rising food costs, increased 0.8% in May and by a unprecedented amount over the past year as the U.S. economy emerges from pandemic…
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More surge in prices squeezed US consumers
WASHINGTON (AP) — American consumers absorbed another surge in prices in May — a 0.6% increase over April and 5% over the past year, the biggest 12-month inflation spike since…
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Prices are increasing — is inflation a real threat?
Although prices everywhere are rising, Federal Reserve Chair Jerome Powell says the increases are temporary. The Fed has the power to make adjustments, and based on inflation staying low the…
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