Tag: inflation

Riverside County government's income will be higher than originally expected -- by almost $100 million -- as the current fiscal year draws to a close, but "financial pressure" continues to build as priorities demand more outlays, according to a report that the Board of Supervisors will review Tuesday.

Almost half of households in Riverside, California, can’t afford usual expenses and about a third had trouble paying an energy bill in the last year, according to a Census Bureau survey.

Inflation throughout the Riverside metropolitan area climbed 1.4% over the previous two months, largely driven by rising energy costs, according to data released Wednesday by the U.S. Bureau of Labor Statistics.

Once a year, at the beginning of March, the national release of the monthly labor market data coincides with that of the state and the region.

Federal Reserve officials acknowledged at their most recent meeting in January that there had been “significant progress” in reducing U.S. inflation. But some of the policymakers expressed concern that strong growth in spending and hiring could disrupt that progress.