Inflation

Families celebrating the Fourth of July will still face high grocery bills, with prices down an average of just 30 cents from last year’s record, according to the American Farm Bureau Federation’s 2025 marketbasket survey.

Consumer prices increased 2.4% in May compared with a year ago, according to a Labor Department report released Wednesday

A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices, while American incomes jumped

Higher costs and economic uncertainty cited as reasons John Whiteside Memorial Golf Outing currently falling shot of fundraising goals needed for the Abraham Lincoln National Cemetery Memorial Squad.

Consumer prices rose 2.3% in April from a year ago, the Labor Department said Tuesday, down from 2.4% in March and the smallest increase in more than four years

The Federal Reserve kept its key interest rate unchanged Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of higher unemployment and higher inflation have risen

For a fourth consecutive weekend, a protest against President Trump's policies was held in Joliet.

Concerns over rising food prices and food security have sparked a strong interest in home gardening. Community gardens sold out spaces early this year.

Joliet area coffee houses worry about meeting demands and keeping down costs with tariffs, supply chain issues, and climate change .

U.S. inflation declined last month as the cost of gas fell, a sign that price growth was cooling even as President Donald Trump ramped up his tariff threats

The Trump administration’s expansive new tariffs will likely lead to higher inflation and slower growth, Fed Chair Jerome Powell said Friday

An inflation gauge closely watched by the Federal Reserve remained high last month even before the impact of most tariffs has been felt

U.S. consumer confidence fell for the fourth straight month as Americans’ anxiety about future expectations declined to a 12-year low amid rising concern over tariffs and inflation

The Fed also now expects the economy to grow more slowly this year and next than it did three months ago

The consumer price index increased 2.8% in February from a year ago, Wednesday’s report from the Labor Department showed, down from 3% the previous month

President Donald Trump’s long-threatened tariffs against Canada and Mexico have gone into effect, kicking off a trade war with America's neighbors

A key price gauge declined last month, a sign that inflation may be cooling though stiff tariffs threatened by the White House threaten that progress

U.S. consumer confidence plummeted in February, the biggest monthly decline in more than four years, a business research group said Tuesday

Federal Reserve officials at a meeting last month pointed to rising risks that inflation could worsen, a key reason they kept their benchmark interest rate unchanged

Will County craft breweries say the Trump administration's new tariffs on imported aluminum are likely to impact their bottom lines or force them to raise prices

Excluding the volatile food and energy categories, core consumer prices rose 3.3% in January compared with a year ago

New trade penalties against Canada, Mexico and China that President Donald Trump plans to impose represent an aggressive early move against America’s three largest trading partners, but at the risk of higher inflation and possible disruptions to the global economy

An inflation gauge closely watched by the Federal Reserve rose slightly last month, the latest sign that some consumer prices remain stubbornly elevated, even as inflation is cooling in fits and starts

Inflation was a driving force behind Donald Trump's election victory, but he's put the issue on the back burner during his first week in office

The proposed merger of Kroger and Albertsons grocery chains has been temporarily halted by an injunction, further delaying the proposed sale of suburban Jewel-Osco stores.

The need for assistance has continued to rise in Will County since the COVID-19 pandemic. And that need is highest among families working one or more jobs.

Inflation in the United States ticked up in October, driven by costlier rents, used cars, and air fares, a sign that price increases might be leveling off after having slowed in September to their lowest pace since 2021

Fed up with high prices and unimpressed with an economy that by just about any measure is a healthy one, Americans demanded change when they voted for president

The Federal Reserve cut its key interest rate by a quarter-point in response to the steady decline in the once-high inflation that had angered Americans and helped drive Donald Trump’s presidential election victory this week

The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates

Most mainstream economists say Trump’s policy proposals wouldn't vanquish inflation. They’d make it worse.

Inflation in the United States dropped last month to its lowest point since it first began surging more than three years ago, adding to a spate of encouraging economic news in the closing weeks of the presidential race

America’s employers added a surprisingly strong 254,000 jobs in September, the latest evidence that the U.S. labor market is still solid enough to support steady hiring and a growing economy

Dockworkers at ports from Maine to Texas have started walking picket lines in a strike over wages and automation that could reignite inflation and cause shortages of goods if it goes on more than a few weeks

The Federal Reserve cut its benchmark interest rate by an unusually large half-point, a dramatic shift after more than two years of high rates helped tame inflation but that also made borrowing painfully expensive for consumers

The Will County Center for Community Concerns has announced eligibility requirements and application rules for funding through the Low Income Home Energy Assistance Program.

Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September

The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it.

The nation’s economy accelerated last quarter at a strong 2.8% annual pace, with consumers and businesses helping drive growth despite the pressure of continually high interest rates

Inflation in the United States cooled in June for a third straight month, a sign that the worst price spike in four decades is steadily fading and may soon usher in interest rate cuts by the Federal Reserve

The Citizens Utility Board and four state legislators held a press conference in Bolingbrook on Wednesday to discuss their efforts to oppose continually rising costs for customers of Illinois American Water and Aqua Illinois.

An Independence Day cookout will cost $71.22 for 10 guests this year – a 5% jump from last year at $7.12 per person, American Farm Bureau Federation reported in its annual marketbasket survey.

Inflation in the United States is slowing again after higher readings earlier this year, Federal Reserve Chair Jerome Powell said, while adding that more such evidence would be needed before the Fed would cut interest rates

A measure of prices that is closely tracked by the Federal Reserve suggests that inflation pressures in the U.S. economy are continuing to ease

Federal Reserve officials said inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year

Inflation in the United States eased last month in a hopeful sign that a pickup in prices that occurred early this year may have passed.

After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts

Wednesday's report of moderating price increases may provide a dose of reassurance that inflation could be resuming its slowdown toward the Fed's target.

Millions of jobs that new immigrants have been filling in the United States appear to solve a riddle that has confounded economists for at least a year

Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items