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inflation

Inflation in NJ Still High but Slowing – What it Means for You

The Federal Reserve is expected to increase interest rates again Wednesday, which means the cost of borrowing money for home mortgages and credit cards is about to go even higher, but there is good news on the inflation front. According to Rutgers University economist...

Halloween Treats Win over Inflation

Nationwide, the price of candy was upabout 13% in September compared with a year earlier, according to figures from the federal Bureau of Labor Statistics. Datasembly, a research firm that tracks consumer prices, found one of the sharpest increases among...

Raising Rates is the Wrong Response to the Inflation Crisis

The last year of inflation has disproportionately hurt low-income and nonwhite families — those with the least flexibility in their monthly budgets to absorb higher prices. Now those same groups could be hurt by economic policymakers’ plan to tackle inflation through...

How Will the Economy Affect the Midterm Elections?

Prof. Michael L. Lahr, Director, Rutgers Economic Advisory Service (R/ECON™), was quoted on the upcoming elections. "While the economy is on everyone's radar and will undoubtedly be a reason folks vote for one candidate or another, no candidate (not even the...

Prof. Michael L. Lahr Quoted in ABC’s Segment on Rising Food Prices

Prof. Michael L. Lahr was quoted in this video segment hosted by Jaclyn Lee via WPVI-TV in Philadelphia, PA. Following this week's Wall Street drop, and steady inflation numbers, Ms. Lee asked local residents how the rising food prices are impacting them. Professor...

Consumers in ‘very sour mood’ as inflation outpaces wages

The prices of gas, home energy and food all spiked by double digits over the past month, but wages aren't keeping up, with annual inflation now topping 9%. "It’s leading to a very sour mood,” said James W. Hughes, dean emeritus at Rutgers University’s Edward J....

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