U.S. consumer prices increased less than expected in May, partly due to lower energy prices, with gas prices dropping 2.6 percent compared to the prior month. President Trump’s economic advisers have argued that the impact of tariffs would be milder than economists are expecting because energy prices have been declining this year.

Fewer Democrats think the economy is faring better under President Donald Trump than at the start of his term and

Retirees count on Social Security benefits to help them cover their costs of living. These benefits are supposed to help seniors pay for their essentials year after year, since workers pay into them throughout their entire careers with the promise of lifetime income that is protected against inflation.

ALBANY — The state budget adopted last month fails to adequately account for threatened federal aid cuts estimated at more than $10 billion that could also more than double the number of New Yorkers without health insurance, according to a budget analysis by state Comptroller Thomas DiNapoli.

Consumers paid 1.8% more in January than they did a year ago for the basket of goods and services included in the Consumer Price Index [CPI]. A Government spokesperson said, “Today, the Ministry of Economy and Labour released the Department of Statistics’ January 2025 Consumer Price Index.

Millions of seniors rely on Social Security to supplement their savings and help them afford their expenses once their working life has come to an end. These benefits are designed to replace around 40% of pre-retirement income,

Launch prices for anticancer drugs covered under Medicare Part D continue to rise, even with recent Inflation Reduction Act cost control measures.

Consumer prices rose 2.4% year-over-year in May, defying fears that President Trump’s tariffs could lead to higher inflation. Here’s why economists think that will change in the coming months.