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Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns
Retail Spending Slips As Inflation Climbs In January, Adding To Economic Concerns After a solid holiday season, US retail sales took a surprising step back to start 2025, snapping a streak of growth and fueling worries about the economy. Retail and food services sales fell 0.9 percent in January, according to Census Bureau data released on Friday, Feb. 14. The decline reversed the trend from December 2024's revised increase of 0.7 percent, signaling that consumers may be feeling the squeeze from rising prices. Economists had predicted only a slight decline, with Dow Jones estimating a 0.2 percent drop, NBC News reported. The sales totals were seasonally adjusted but…

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by Chris Spiker
Business
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies
Inflation Climbs To Start 2025, Fueled By Dramatic Egg Price Jump, Fears Over Trump Policies Inflation unexpectedly accelerated in the first month of 2025, adding political and economic pressure to President Donald Trump's campaign promise of immediate relief to high consumer prices. In January, overall inflation climbed 3.3 percent year-over-year for core items and 0.5 percent monthly, according to data from the Bureau of Labor Statistics released on Wednesday, Feb. 12. That ran slightly ahead of economists' prediction of 3.2 percent inflation, NBC News reported. Core items exclude notably volatile prices for food and energy. The Consumer Price Index (CPI) still inc…

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by Chris Spiker
News
Central Hudson's Rollout Of New Billing System 'Flawed, Disturbing,' Dutchess County Exec Says Central Hudson's Rollout Of New Billing System 'Flawed, Disturbing,' Dutchess County Exec Says
Central Hudson's Rollout Of New Billing System 'Flawed, Disturbing,' Dutchess County Exec Says Dutchess County Executive Marc Molinaro is speaking out against Central Hudson’s price hike for utility customers in the region. On Thursday, Feb. 10, the utility company advised its customers that there will be an increase in prices for both electricity and natural gas. According to the company, natural gas bills are expected to be increased by approximately 19 percent, electricity bills are going up around 46 percent, and 29 percent for combination electric and natural gas bills. Earlier story - Central Hudson Alerts Customers Of Higher Energy Costs In a statement issued Wednesday afte…

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by Zak Failla