Fed Chair Powell vows to fight inflation ‘until the job is done’

The Fed is weighing whether another large rate increase will be necessary, he said.
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Inflation hits the Costco food court: Chicken bake price up $1, soft drinks up 10 cents

Costco raised the price of its chicken bake to $ 3.99 and its 20-ounce soft drink to $ 0.59. The $ 1.99 pizza slice and $ 1.50 hot dog combo remain untouched.

California

Stocks fall sharply as Target’s woes renew inflation fears

Stocks closed sharply lower on Wall Street Wednesday as dismal results from Target renewed fears that inflation is battering U.S. companies
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Medicare drug prices soar at 10 times rate of inflation, report says

The prices of the 20 most commonly prescribed brand-name drugs for seniors have risen nearly 10 times more than the annual rate of inflation over the past five years, according to a congressional report released Monday.


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