Economists that consumer prices in January jumped 7.3% compared with 12 months ago,
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March. Eyewitness News reporter Anthony Johnson has more.
Chipotle said it has increased menu prices 10% to offset the rising costs of beef and transportation as well as higher employee wages. And the restaurant chain said it would consider further price increases if inflation keeps rising. Levi Strauss & Co. raised prices last year by roughly 7% above 2019 levels because of rising costs, including labor, and plans to do so again this year. Even so, the San Francisco-based company has upgraded its sales forecasts for 2022.Democrats up for reelection propose suspending federal gas tax through end of 2022
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