The Consumer Price Index rose 8.2 percent in September, leading to continued rising prices for American consumers and signs that inflation continues to impact the U.S. economy. The report showed a mixed bag of increases, with the cost of rent continuing to rise along with food prices. One positive for our wallets? Gas prices slightly […]
Tag: inflation
Posted inNews
Though the state has a general fund surplus, Kentucky’s consumers feel pinch of inflation
The nation’s inflation rate rose again in June, increasing from 8.6% in May to 9.1% in June. Consumers across Kentucky are feeling the pinch as they head to the grocery store or buy gas. “The Progresso soup used to be $1.99 [a can] and now they raised it a whole dollar and now it’s like […]
Posted inNews
Boone Co. boosts dispatch pay to combat turnover
The Boone County Fiscal Court unanimously approved raises for dispatchers on Tuesday during its regular meeting.
Posted inNews
McConnell speaks on inflation, war in Ukraine at Florence Rotary
Senate Minority Leader Mitch McConnell (R-Ky.) said the American Rescue Plan Act’s $2 trillion price tag is the “gargantuan mistake” responsible for today’s inflation. The economy dominated McConnell’s guest appearance at Florence Rotary Club on Monday. He said the $1.9 trillion investment of the American Rescue Plan Act is “entirely” responsible for the high prices […]
Posted inNews
‘A perfect storm’ for hunger in the Commonwealth
Rising costs of food and waning benefits are placing more strain on resources and those out of reach of government benefits.
Posted inFrankfort
The complicated arithmetic of inflation and how it’s affecting Kentuckians
Kentuckians are feeling the impact of inflation and its associated rising costs, particularly in the areas of food and gas prices. Dr. Will Snell, a professor in the College of Agriculture, Food and Environment at the University of Kentucky, testified to the Interim Joint Committee on Agriculture Thursday to talk about the issue in Kentucky. […]
Posted inPolitics
Consumer prices hit 41-year high
On Tuesday, consumer prices hit a 41-year high as prices rose 8.5 percent in March. The White House said they expected this to happen due to the Russian invasion of Ukraine. Still, opponents say this record inflation has been coming as the economy has been artificially inflated due to several large spending bills by both […]
Posted inBusiness
Economic Headlines Look Good for NKY, But Local Experts Advise Caution
A presentation to NKY Chamber members focused on the regional economy. From left to right: NKY President and CEO Brent Cooper, Janet Harrah of NKU and John Augustine of Huntington Bank. by Robin Gee Although it looks like the region is on the road to a full recovery, experts warn that the situation in Northern […]