New CPI report fuels political battle over affordability as Republicans and Democrats clash ahead of midterm elections, with inflation holding at 2.7%.

Inflation in the U.S. increased in December, according to a report released Tuesday by the Bureau of Labor Statistics. Consumers are paying more for food but gas prices have declined.

Inflation cooled more than expected in June, a welcome sign for the Federal Reserve even as prices remained uncomfortably high for millions of Americans. The Labor Department on Thursday said that the consumer price index (CPI), a broad measure of how much ...

Fox News figures for years claimed the Inflation Reduction Act would increase energy costs. In reality, the IRA spurred major clean energy innovation and reduced energy costs for millions of families. And studies now say that repealing the act and its ...

Consumer prices increased 2.9% in August compared to the same time last year. That’s above the Federal Reserve’s 2% target. Inflation is rising as the job market is weakening. Inflation rose again last month amid a weakening job market, two ...

Amid high inflation, voters say the economy is their top concern heading into the 2024 presidential election. American's views on the economy worsened in July with most voters saying they’ve had to cut back on spending to afford necessities, a Fox News ...

Even though economists have long warned that President Donald Trump’s planned tariffs would hurt the U.S. economy by reigniting inflation, Fox News and Fox Business personalities are following JPMorgan Chase CEO Jamie Dimon’s example of dismissing the ...

Fox Business Network host David Asman tried to blame a bombshell inflation report on “Bidenomics” — but his on-air expert disagreed, pegging it to other factors. DAVID ASMAN: I’m sorry to start with some bad news, but we have to begin with this ...

Americans said inflation is impacting their tipping habits, according to a Lending Tree survey. Twenty-nine percent of consumers reveal they tip less on meals when eating out, while less than 10% of Americans say they tip more than normal. More than 2,000 ...

Fox News host Greg Gutfeld defended President Donald Trump’s escalating trade war on Wednesday by insisting “a tariff is not a tax if you don’t buy the goods” before pointing to the right’s favorite bogeyman as the real culprit behind the nation ...

President Donald Trump was in Michigan Tuesday to promote his efforts to boost U.S. manufacturing, as he tries to counter fears about a weakening job market and worries that still-rising prices are hurting Americans’ pocketbooks.