Consumer price index updates, inflation rates, cost of living analysis, wage growth, and economic affordability trends affecting American households.
CNN's Harry Enten reports that just 15% of Americans strongly approve of President Trump's job performance, per a Washington Post-Ipsos poll. Meanwhile, 66% now find groceries unaffordable, up from 46% in February, with 82% of working-class households affected. A separate Napolitan News Service poll shows Trump's disapproval at 53%, his lowest in three months.
Milk prices reached a record $4.32 per gallon in June 2026, even as overall consumer prices fell 0.4% — the largest monthly drop in six years. The energy index declined 5.7%, but remains up 15.7% year-over-year amid ongoing Middle East disruptions.
This commentary argues that surging new car prices and monthly payments require consumers to approach car buying with careful research and preparation. It suggests getting pre-approved for loans, comparing vehicles online, and avoiding same-day purchases to secure better deals.
Nouriel Roubini discusses inflation, social security, and saving habits, arguing that persistent inflationary pressures require policy adjustments and that social security reforms are necessary for long-term fiscal sustainability.
Cleveland Fed President Beth Hammack reported that businesses are demanding action to curb inflation for the first time in her tenure. She also noted consumers are expressing a growing sense of despair about making ends meet.
This commentary argues that the US is experiencing a 'fun shortage' due to inflationary pressures making leisure activities more expensive and less accessible. It contends that this mismatch between supply and demand for fun is a serious societal problem, and explores potential solutions.
This commentary argues that rising costs have made leisure activities unaffordable for many Americans, creating a 'fun shortage' that strains both enjoyment and finances. It suggests that the mismatch between supply and demand for affordable entertainment is a significant economic and social issue this summer.
A new Pew Research Center survey finds majorities of Americans say young adults have it harder financially than their parents' generation. 64% say finding a job is harder (up from 39% in 2021), 87% say buying a home is harder, and 80% say covering basic expenses is harder.
Eurozone annual inflation was confirmed at 2.8% in June, down from 3.2% in May, marking the lowest rate since February. Energy inflation slowed to 8.5% from 10.8%, while price growth moderated for services, non-energy industrial goods, and food.
This commentary argues that inflation is reshaping young people's dating habits, using the example of a Brooklyn man who now opts for low-cost dates like picnics instead of expensive restaurants. It suggests that economic pressures are forcing a cultural shift in romance, making frugality a new norm for young singles.