The Personal Consumption Expenditures Index climbed 2.5 percent, still more than the Fed’s 2 percent target, as price increases take time to come down.
Category: Prices (Fares, Fees and Rates)
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Southwest Airlines Will End Its Longstanding Open-Seating Policy
The airline said it was scrapping its trademark, 50-year tradition of offering open seating, where passengers choose seats once they have boarded the plane.
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To Deter Day-Trippers, Venice Tested a €5 Entrance Fee. Did Visitors Stay Away?
The mayor said preliminary data suggested that the experiment was a success. But the program brought in far more money than predicted, which critics called proof of failure.
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Landlords Raise Rents Based on RealPage Software, Suits Say
Antitrust cases contend that use of RealPage’s algorithm, which lets property owners share private data, amounts to collusion.
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Biden Administration’s Rent Cap Proposal Reignites Housing Policy Debate
A proposal to make landlords’ tax breaks contingent on rent limits has drawn industry pushback, progressive applause and some alternative approaches.
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How to Rein In Rising Auto Insurance Rates
Taking a safe driver course can save you 10 percent on the premium, one expert said. Improving your credit score can also help as can getting married.
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U.K. Inflation Steady as Economists Puzzle Over ‘Taylor Swift Effects’
Consumer prices rose 2 percent in June from a year earlier, a bit higher than economists expected, with a big jump in hotel prices coinciding with a blockbuster series of concerts.
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U.K. Inflation Steady as Interest Rate Cuts Hang in the Balance
Consumer prices rose 2 percent in June from a year earlier, in line with the Bank of England’s target for the second month in a row.
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Oil Companies are Thriving as the World Pushes for Clean Energy
High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.
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Biden Policies Offer Benefits, but Little Political Payoff, in Pennsylvania
As inflation worries dominate, the Biden administration is struggling to take credit for infrastructure and industrial policy in the battleground state.
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Electric Vehicles May Become Harder to Rent
Rental car firms are offering temporary deals on electric cars, which they are selling after they lost value more quickly than expected.
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How to Avoid Vacation Rental Fees? Book Direct.
It takes some work to find a rental you can book directly, but the payoff can be significant.