Inflation

Brent touched $110 on Friday but closed at $109.86. EIA's rule turns the climb since July 1 into an implied 91 cents a gallon; pumps rose a measured 55 cents by Oct. 12, and diesel is the bigger squeeze.

The 2026 economics prize honors the idea that a central bank's promises move today's loan rates. Since the Fed's June meeting, the 30-year mortgage average has climbed 0.93 point while the Fed's own rate rose 0.25.

The 2.9 points measures 67 goods categories, about a fifth of the basket, against less-exposed goods in February. Across a whole budget it works out to about 0.6 points (0.8 if all goods behaved alike), or roughly $320 to $460 a year for an average household by Daybreak Wire's arithmetic.

Oil gets the blame for the highest bond yields since 2002. The Treasury's inflation-protected yields show the market is charging more for money itself, which leaves mortgage rates little room to fall.

A rebuilt flock and softer demand turned the 2025 egg shortage into a glut. Shoppers are winning; many of the farms producing those eggs are not.

Chocolate makers locked in cocoa at last year's prices, retail prices rarely retrace, and the bean market has already bounced back. Here is what that means for your candy bowl.

Social Security's 2027 raise won't be announced until Oct. 14 — not because of red tape, but because the law requires inflation data that doesn't exist yet.

One word means you get less. The other means you get worse. A candy heir's public fight with Hershey just made the difference impossible to miss.

Taxes, refinery geography, wholesale contracts and thin margins all stack up before a gallon of gas reaches the pump, which is why identical-looking stations a block apart can charge wildly different prices.

The Federal Reserve kept rates steady in Kevin Warsh's first meeting as chair, but its new projections show the median policymaker now expecting a 2026 hike rather than a cut.

May's Consumer Price Index rose 4.2% from a year earlier, the most since 2023. A gasoline surge drove it, and the squeeze lands first on fixed incomes.