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Shoppers tighten budgets, but still find room for treats and splurges
There are indications that middle-class American consumers are growing more tight-fisted, even as wealthier shoppers have kept supporting luxury brands.
Lower gas prices restrain retail sales in June; underlying momentum remains
Retail sales rose slightly in June as lower gas prices weighed on receipts at service stations, but motor vehicle purchases accelerated and online spending surged.
Consumer inflation moderates; upside risks remain amid renewed Middle East conflict
U.S. consumer inflation slowed more than expected in June as energy prices retreated, but the moderation was insufficient to convince financial markets to take an interest rate increase off the table.
Consumer inflation posts largest increase in three years in May
U.S. consumer inflation increased at its fastest pace in three years in May as the Middle East conflict raised the price of gasoline and other energy products.
Gas tax in MD to increase slightly on July 1
Maryland motorists will face an increase in the state gas tax rate starting next month, though they may not notice the change.
Inflation posts largest annual increase in three years in April
U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war.
Consumer prices see biggest annual rise in almost three years as prices increase broadly
U.S. consumer prices rose at a brisk clip for a second straight month in April, resulting in the largest annual increase in inflation in nearly three years.
Restaurant sales drop as Iran war pushes gas prices higher
Several restaurant chains including Wingstop and Domino's reported weaker-than-expected sales growth in the latest quarter caused by soaring gasoline prices.
Annual inflation posts biggest gain in nearly three years in March
Inflation accelerated in March with the personal consumption expenditures price index rising 0.7%, the largest gain since June 2022, driven by higher gasoline prices.
Record surge in gas prices fuels consumer inflation in March
U.S. consumer prices increased by the most in nearly four years in March as the war with Iran boosted oil prices and the pass-through from tariffs persisted.
Gas prices hit $4 a gallon as Iran war wreaks havoc on global energy supply
U.S. average gasoline prices rose above $4 a gallon for the first time in more than three years, capping the sharpest monthly rise in decades.
MD, states sue Trump administration over EPA fuel rule rollback
Maryland and other states are suing President Donald Trump's administration over his plans to slash federal car emission and fuel economy standards.
