The West wants to go further on Russian oil. Inflation is making that difficult
Russia is making just as much money from energy exports as it was before it invaded in late February. Meanwhile, inflation is surging globally.
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gas prices
Rate hikes won’t solve high prices for gas, food, Fed Chair concedes
The chairman of the Federal Reserve spoke at a Senate Banking Committee earlier today, conceding that interest rates won’t decrease gas or food prices.
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Inflation spikes, again – 8.6% in the prior 12 months
RALEIGH – Inflation is still occurring in the U.S. economy. The latest figures from the U.S. Bureau of Labor Statistics shows that over the last 12 months, the consumer price index increased by 8.6% before adjustment. That’s the largest 12-month increase since 1981. The news release was issued at 8:30...
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Low congestion, cheaper car insurance makes Raleigh a top city for commuters
A new analysis of data ranks Raleigh 10th in the nation when it comes to commuting, and first overall for the average cost of annual insurance premiums.
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World Bank: High food, energy prices could last ‘for years’
A report from the World Bank says that the current disruptions in commodity markets may keep prices at “historically high levels” until the end of 2024.
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NC economist: We could be heading into our next recession
With prices seemingly on the rise everywhere you turn, Dr. Mike Walden, an economist and professor at North Carolina State University, believes we could be headed for another recession by the end of the year.
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