A measure of inflation that is closely tracked by the Federal Reserve jumped 6.3% in May from a year earlier, unchanged from its level in April

Rent prices are up more than 15% from a year ago, but ABC News economics correspondent Rebecca Jarvis has tips to negotiate a better deal.

Economists disagree over whether record corporate profits have driven inflation.

A look at the grocery items, including corn, coffee and wheat, that are facing rising prices and shortages.

U.S. consumer confidence slipped to its lowest level in 16 months as persistent inflation and rising interest rates have Americans as pessimistic as they’ve been about the future in almost a decade

Rising interest rates mean your monthly payments may rise sharply this year as annual percentage rates go up, increasing the amount of time it takes to pay off balances.

Gas prices fell in states across the country, as the national average falls below $5 a gallon for unleaded gas.

Studies show that an economic downturn could disproportionately affect low-income people and minorities in the U.S.

Lauren Iannotti talks with Amy Robach and TJ Holmes about what we can do to save money when fueling up.

The supply chain for many goods relies on diesel-fueled transportation.

Many consumers feel they know just where to cast blame: On greedy companies.

Moody’s Analytics calculates that American households are spending $341 more each month as a possible recession looms.

As food costs and fuel bills soar, inflation is plundering people’s wallets, sparking a wave of protests and workers’ strikes around the world

The crunch of rising costs and falling stocks poses a challenge, but retirees can mitigate it, experts said.

ABC News' Deirdre Bolton breaks down first-time unemployment claims falling slightly last week, despite worsening fears about recession, spiraling inflation and pain at the pump.

Energy Secretary Jennifer Granholm has suggested the president could invoke the Defense Production Act to boost gas supplies ahead of a Thursday meeting with oil executives in Washington.

ABC News business correspondent Deirdre Bolton on the latest jobs report as the U.S. labor market remains strong in the face of rising inflation and interest rates.

Average long-term U.S. mortgage rates inched up this week following last week’s mammoth jump, the biggest in 35 years

With inflation, your cash is losing buying power, but the interest rate hike means some financial institutions will offer better rates on savings accounts.

With the national average reaching a near record, President Joe Biden is pushing Congress to suspend the federal gas tax, promising it will give drivers a much-needed break.

ABC News’ Alex Presha and Alexis Christoforous break down what the White House and Federal Reserve are doing to bring prices under control as inflation remains a top concern.

The average gallon of diesel fuel is $5.81 in the U.S., which is 80% higher than a year ago, according to AAA research.

Suspending the gas tax for three months -- through the end of September, as President Joe Biden will call for -- will cost about $10 billion, the White House said.

The West Virginia senator spoke exclusively with ABC News congressional correspondent Rachel Scott.

Federal Reserve Chair Jerome Powell sought to reassure the public that the Fed will raise interest rates high and fast enough to quell inflation, without tightening credit so much as to throttle the economy and cause a recession

ABC News Washington correspondent Alex Presha discusses how the White House is addressing concerns the U.S. could be heading toward a recession.

The couple runs C K Food Mart in Phoenix, offering significantly cheaper gas than other local stations at $4.99 per gallon.

The West Virginia senator spoke exclusively with ABC News Congressional Correspondent Rachel Scott.

Market uncertainty and rising mortgage rates could be making it easier for average home buyers to find good real estate deals.

The federal gas tax was first imposed as a 1-cent per gallon tax in 1932.

Gasoline prices are at near record levels.

Stocks are ending higher on Wall Street Tuesday, clawing back some of the ground they lost last week in their worst weekly drop since the beginning of the pandemic

Sales of previously occupied U.S. homes slowed for the fourth consecutive month in May as climbing mortgage rates and prices discouraged many would-be buyers

President Joe Biden said he could make a decision as soon as this week on a gas tax holiday, which would pause the federal gas tax of 18.4 cents per gallon.

ABC News’ Victor Oquendo reports on rising gas prices across the U.S. and how Americans are trying to cope.

The administration is looking for ways to spare Americans from higher prices.

President Joe Biden said Monday he could make a decision as soon as this week on whether to support Congress instituting a pause on the federal gas tax of 18.4 cents

For the first time in years, interest rates are rising on savings accounts.

As stocks plunge and costs continue to rise, ABC News' Rebecca Jarvis explains why experts say the U.S. economy may be headed toward a recession.

A coming recession is not "at all inevitable" as the Federal Reserve takes aggressive actions to address inflation, Treasury Secretary Janet Yellen said Sunday

Janet Yellen said inflation is unacceptably high.

Treasury Secretary Janet Yellen said Sunday that a recession was not "at all inevitable" despite some experts forecasting it could happen within the next 12 to 18 months.

Coping with the challenges of inflation, small businesses are offering bonuses and raises for their employees to combat the rising cost of living.

Rising prices for asphalt, steel and iron pipes are driving up building costs.

George Stephanopoulos interviews Treasury Secretary Janet Yellen on "This Week."

Prices are now rising at the fastest rate in 40 years.

The Biden administration is reportedly taking another look at sending gas rebate cards to millions of Americans.

The average monthly payment for a mortgage has increased 40% since the end of last year. Federal Reserve Chairman Jerome Powell announced the biggest rate hike in decades earlier this week.

ABC News’ Deidre Bolton and MaryAlice Parks fact-check the White House blaming spiraling inflation on oil producers and discuss what, if anything, the Biden administration can do.

ABC News correspondent Deirdre Bolton discusses the latest on the U.S. economy as the Federal Reserve raised interest rates at the fastest pace in nearly three decades.