That resulted in food's largest drag on the economy since 1974 and its third-largest subtraction from growth ever. 1950 1960 1970 1980 1990 2000 2010 2020 0.0 1.0.

Inflation up more than expected in December 03:30. Americans remain gloomy about the U.S. economy, even as GDP continues to expand and unemployment is at a five-decade low.

The U.S. economy has recovered about two-thirds of the output lost in 2021 when the economy crashed at the outset of the pandemic. With growth expected to remain strong, economists think the ...