The federal cigarette excise tax increase passed under the Obama administration earlier this year led to a steep tobacco price increase in April. Will consumers opt to continue to pay the extra dollar and one cent to support their habit? How will the tax hike affect government revenues? Robert Johnson of Morningstar Inc. [...]
March showed the steepest drop in personal income so far in 2009. The savings rate also increased, and has been above four percent since the beginning of the year. (Praveensg Minimalist Maximus)
BY FELICE BAKER – MEDILL NEWS SERVICE
Consumer prices tumbled in March. (Therese Flanagan/FLICKR)
BY DEB WEINSTEIN- MEDILL NEWS SERVICE
Penny-pinching has taken a toll on prices, according to the latest read on the Consumer Price Index by the Bureau of Labor Statistics. Reduced demand for gas, natural gas and oil exerted the most pressure on the index, forcing consumer prices to [...]
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