Inflation

U.S. Rep. Rosa DeLauro (D-CT) and Connecticut Attorney General William Tong met with state leaders in New Haven to push federal and state initiatives to address rising grocery prices.

Despite increases in the minimum wage in Connecticut, many families still struggle to afford basic necessities. Over one-third of households in the state cannot afford essentials, including housing, utilities, childcare, food, transportation, healthcare and taxes, according to a report released by the Connecticut United Way.

Connecticut Senate Democrats, concerned that corporate profits are responsible for the rise in food prices, have asked Attorney General William Tong to investigate grocery store profits.

While the cost of everything is up, that's not stopping couples in Connecticut and New York from spending on their big day.

A proposal to raise the minimum wage in New York state and tie future increases to inflation has gained the favor of Governor Kathy Hochul, who included the idea Tuesday in her annual State of the State address.

The Town of East Hampton will issue a one-time payment of up to $2,500 to employees aimed to help reduce economic stress caused by inflation and retain employment.

Health insurance rates for over a million New Yorkers are going up nearly 10% next year.

Senate Majority Leader Chuck Schumer (D-NY) said the Inflation Reduction Act passed by the Senate this weekend will “change the world” through climate initiatives, lowering prescription drug costs and increasing corporate taxes.

For a second time this year, New York State Comptroller Thomas DiNapoli said property taxes will be capped at 2% this year, the highest local governments can raise taxes under state law.

Connecticut Governor Ned Lamont announced that parents can apply for a one-time child tax rebate from the state by June 1 through the state Revenue Services Department website.