U.S. cost of living sees biggest drop in 6 years
The cost of living in the U.S. declined by the largest amount in six years last December, Bloomberg News reports. The drop reflects falling energy costs, which are keeping inflation from rising toward the Federal Reserve's goal.
The plunge is attributed to the biggest drop in clothing costs since 1998, cheaper air fares, and cheaper new and used cars.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Turner Prize 2025: ‘artistic excellence’ or ‘cultural nonsense’?Talking Point Work by the four artists nominated for this year’s award is on display at Bradford’s Cartwright Hall
-
Man vs Baby: Rowan Atkinson stars in an accidental adoption comedyTalking Point Sequel to Man vs Bee is ‘nauseatingly schmaltzy’
-
Goodbye June: Kate Winslet’s directorial debut feels like a ‘John Lewis Christmas TV ad’Talking Point Helen Mirren stars as the terminally ill English matriarch in this sentimental festive heartwarmer
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
-
US to take 15% cut of AI chip sales to ChinaSpeed Read Nvidia and AMD will pay the Trump administration 15% of their revenue from selling artificial intelligence chips to China
