Highest price jump in four decades has local shoppers reeling

Inflation is at its worst in nearly four decades, and some products have seen increases even bigger. What's causing the surge and when might it end? Experts have some answers.

Biden ‘has not ruled out’ canceling student loan debts, White House says

Press Secretary Jen Psaki made the comment the same day the Biden administration announced plans to freeze federal student loan payments through Aug. 31

The best and worst times to buy a car amid EV trends and supply-chain woes

If you’re planning to buy a car — new, used, electric, or hybrid — here are some things to consider before making your purchase, according to a car-buying expert.

SoCal rent prices have skyrocketed in the last year

Rising home prices are pushing up the price of rent too. Experts say the U.S. has seen an increase of a half percent in rent prices per month, the largest increase in 20 years.

Talks resume between SoCal grocers, workers

The grocery workers' union voted last week to strike if no deal is reached.

LA County gas prices see largest dip since April 2020

The price of an average gallon of gas in Los Angeles County dropped below $6 Saturday for the first time since March 21.

Corn could be the answer to high gas prices

Under the Home Front Energy Independence Act, ethanol fuel would be produced and sold year-round in the U.S. instead of only during the summer months. The proposal aims to further decrease dependence on Russian petroleum exports over its war on Ukraine.

US, European Union announce new partnership to undercut Russian energy

The White House is billing the partnership as the start of a years-long effort to further isolate Russia following its invasion of Ukraine.

Experts expect grocery prices to go up by additional 6% this year

Goldman Sachs, a leading global investment banking company, says grocery prices will rise at least an additional 6% this year. Gasoline prices are also up 38% within the last year.

What is shrinkflation? How companies hide inflation without increasing prices

If you haven’t seen a price increase on a product or service you purchased recently, chances are that the company may still be passing along the rising costs to you without the obvious price hikes.

Canned pet food shortage continues amid supply chain woes

The canned pet food industry continues to feel the burn as supply chain woes and increases in price leave many pet owners improvising their dog or cat’s next meal.

Gas prices turning long commutes into financial nightmares

Skyrocketing gas prices have made things especially difficult for people with extended commutes. One person even said they're putting off having children because it's just too expensive.