Inflation fell to its slowest pace since early 2021 in June, the Department of Labor said on Wednesday.
The U.S. consumer price index rose by three percent compared with a year ago, the government said. Compared with a month earlier, the index was up by 0.2 percent.
Both the yearly and monthly figures were lower than expected. Wall Street analysts had forecast a 0.3 percent increase for the month and a 3.1 percent increase year-over-year.
Inflation accelerated compared with May. The month-t0-month figure picked up from the slight 0.1 percent gain recorded for the April to May period.
Excluding food and energy prices, so-called core inflation rose by 0.2 percent for the month. Compared with a year ago, core prices are up by 4.8 percent
Obviously insurance is not included in these calculations. My auto and home insurance icrease by 15% last year abd anither 17% this year. Greed is the driving force…
The ONLY thing I have noticed that has come down some, is eggs. My grocery bill is as high as ever.
This is a big scam
Costs on many things are way down to pre-pandemic levels, but the savings aren’t being passed on to the end consumer. Corporations are continuing to report record earnings year after year. We’ve been conditioned at this point to pay more.
Examples 8:27 ??