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“#Netflix hikes subscription prices in US and Canada” Inflation isn’t just hitting consumer goods, it’s also hitting Netflix. The Los Gatos, Calif.-based company has raised its monthly subscription prices by $1 to $2 a month in the US depending on the plan, in order to help it pay for programming costs, the company said. Shares…
“#Inflation hits highest level in 39 years as consumer prices jump” The inflation rate is running at its hottest pace in nearly four decades, as widespread supply disruptions, high consumer demand and worker shortages fuel a surge in prices. Consumer prices soared by 5.7 percent in the year through November, according to the Personal Consumption…
“#Prices spike 6.8 percent, most in 39 years” Prices spiked a whopping 6.8 percent in November, compared with the same time last year — the fastest acceleration of inflation the country has seen in 39 years, the feds announced Friday. It’s the highest year-over-year reading of the Labor Department’s Consumer Price Index, which measures a…
“#Toy prices up as much as 10 percent ahead of Christmas: trade group” The cost of children’s toys is up as much as 10 percent ahead of the holiday season, and many in-demand gifts will likely be out of stock soon amid a snarled global supply chain, the Toy Association president warned. “People are going…
“#HBO Max slashes prices in limited offer as streaming wars heat up” AT&T Inc’s HBO Max streaming service has halved its subscription fees in a limited-period offer to lure back millions of subscribers it lost after dropping out of Amazon.com Inc’s Prime video channels. The limited-time promotion offer of $7.49 per month – for up to six months – is available through Sept. 26 for users who…
“#Inflation surges as prices spike, settling at high pace” Inflation continued to surge in August, but appeared to settle at nearly the fastest pace in almost 13 years as the economy continues to emerge from the pandemic, the feds said Tuesday. The Labor Department’s Consumer Price Index, which measures a basket of goods and services as…
“#Key inflation indicator jumps 3.6 percent, fastest rise in 30 years” A key inflation indicator rose 3.6 percent in July from last year — its biggest year-over-year jump in 30 years — as costs continued to build in the US economy, the feds said Friday. The Commerce Department’s core personal consumption expenditures index has risen over…
“#Inflation keeps growing, but Dems won’t stop spending” President Joe Biden and Democrats keep telling Americans not to worry about inflation, that it’s only temporary. Yet the record price hikes keep getting worse. On Thursday, the Bureau of Labor Statistics reported yet another jump, a full 1 percent, in the producer price index (which measures…
“#Democrats are playing with fire on spending and inflation” For the first time since Jimmy Carter’s presidency, inflation is back in a big way: 5.4% from July 2020 to July 2021. From February 2020 to June 2021, food prices went up 5.4%; energy prices increased 8.9%. You’ve probably noticed it at the pump and the…
“#Samsung slashes prices in bid to boost foldable phone sales” Samsung is hoping cheaper but more durable versions of its foldable phones will broaden the appeal of a high-concept design that’s so far fizzled with consumers. The electronics giant on Wednesday launched its effort to turn things around with two new products designed to function…