The economy is not as strong as it could be and requires increased activity.

Just when we thought it was safe to return to the supermarket aisle, it seems inflation has come back to bite us again. Worse, the Reserve Bank of Australia (RBA) predicts it will linger for longer than previously expected,

“Wage increases designed to match inflation can silently move taxpayers into a higher marginal tax bracket, despite their true purchasing power not improving at all,” said Jeffrey Anton Collins, former IRS official and tax defense attorney at Tax Law Offices, Inc. “That can result in a larger overall tax bill.”

Inflation is on the rise again. That was the major economic takeaway on Friday morning after the Bureau of Labor Statistics released its delayed reading on inflation for September. Released later than planned due to the ongoing government shutdown, the ...

The 2024 series for calculation of Consumer Price Index (CPI) based inflation has lowered the weightage of food items to 36.8%, compared with 46% earlier. And since the food prices are largely benign, headline inflation rate may rise under the new series.

While the reading was cooler than expected, consumers still saw higher costs for computers, ​appliances​ and hospital care.