Tag: energy costs

January 9, 2023

The government is set to confirm later on Monday that it has decided on applying a discount to wholesale prices, for up to a year, following talks involving business leaders last week. It would replace the fixed price on wholesale […]

August 17, 2022

Britain’s inflation rate rose to a new 40-year high of 10.1% in July, a faster pace than in the U.S. and Europe as climbing food prices in the United Kingdom tightened a cost-of-living squeeze fueled by the soaring cost of […]

August 16, 2022

ENERGY COSTS TO EAT INTO BOTTOM LINE Stubbornly high inflation and anticipated increase in energy costs is expected to weaken profits in the private consumption sector Already weak economic growth expected to decline further However, expectation for the financial sector […]

April 1, 2022

Tia Rutherford is worried about her 3-year-old son. As energy prices soared last fall, she tacked fleece blankets over her doors and windows to keep the cold out and started serving Jacob breakfast in his room so she didn’t have […]

March 30, 2022

The Biden administration will make available nearly $3.2 billion from the bipartisan infrastructure law to help Americans lower home energy costs, Energy Secretary Jennifer Granholm said on Wednesday. Low-income Americans spend up to 30% of their paychecks on energy. This […]

February 10, 2021

WASHINGTON — U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest. The Labor Department reported […]

December 10, 2020

U.S. consumer prices edged up 0.2% in November as a rise in the cost of energy and a number of other goods offset a drop in food costs. The gain in the consumer price index followed a flat reading in […]

November 12, 2020

U.S. consumer prices were unchanged in October, the lowest reading in five months, suggesting that a price spike over the summer is beginning to fade as coronavirus cases spread. The flat reading for last month followed a gain of 0.2% […]

May 13, 2020

WASHINGTON — Wholesale prices slid a record 1.3% in April led by a 19% plunge in the cost of energy, further signaling the potential threat of deflation in the United States. The Labor Department said that its producer price index, […]

July 12, 2018

“REDUCE PRICING NOW!” That was President Donald Trump’s message to OPEC last week, adding that “gas prices are up & they are doing little to help.” It was just the latest in a string of tweets taking aim at the […]