Inflation sees uptick in August amid big increase in gas prices
Inflation accelerated for a second straight month in August, reversing previous declines as consumers continued to grapple with the rising cost of everyday goods.
The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 0.6% in August from the previous month, in line with estimates. It marked the steepest monthly increase this year, underscoring the challenge in taming high inflation.
Prices climbed 3.7% from the same time last year, faster than both the 3.2% reading in July and the 3.6% estimate from Refinitiv economists.
Other parts of the report also pointed to a slower retreat for inflation. Core prices, which exclude the more volatile measurements of food and energy, climbed 03% and 4.3% annually. While both of those figures are lower than previous readings, the monthly core measure climbed faster than expected.
To get more accurate numbers, compare costs of your market basket in January 2021 to what you pay today. Factor in ‘hidden’ costs like 12 oz. of coffee costing pretty much what 16 oz. was then, and that is a common event.
Remember they’re working for a serial liar in Bribem.
Time to ACCELERATE IMPEACHMENT of Both Biden & Harris !!!!!!!!
Soon the Good people will rise up & heat up some Riots all over the country !!!! Sick of Democrats !!!!
Jan 06 2024 should be Hillarious !!!!!!!