U.S. consumer prices rose a modest 0.2% in June and the rate of inflation slowed to lowest level since early 2021

[Harpy Eagle]

U.S. inflation slows again, CPI shows, as Fed weighs another rate hike

U.S. consumer prices rose a modest 0.2% in June and the rate of inflation slowed to lowest level since early 2021, but recent progress might not enough to...

www.marketwatch.com

The numbers: U.S. consumer prices rose a modest 0.2% in June and the rate of inflation slowed to lowest level since early 2021, but recent progress might not enough to stop the Federal Reserve from raising interest rates soon.

The increase in consumer prices last month was smaller than the forecast of economists polled by the Wall Street Journal.

The yearly rate of inflation decelerated to 3% from 4% in the prior month, marking the lowest level since March 2021.
The decline is not quite as fast as it seems, however.

Grocery and gas prices have retreated this year and accounted for a large part of the slowdown, for one thing. And some huge monthly increases in consumer prices in 2022 have dropped out of the yearly calculation of the inflation rate.

This should be good news no matter what your political point of view is.

 

[Polishprince]

Its bad news for tax collectors. taxes of prices and wages are based upon a percentage, and greater percentages are paid when the amount goes up.

For those folks, regardless of their political persuasion, its definitely bad news.

 

[1srelluc]

In before the next two fed rate hikes.....That should put the kibosh on home prices. Maybe rent too as there will be less speculative buying.....A good thing.

 

[luiza]

As stupid as saying that it did not rain today which shows what a good summer it will be .

 

[g5000]

U.S. inflation slows again, CPI shows, as Fed weighs another rate hike

U.S. consumer prices rose a modest 0.2% in June and the rate of inflation slowed to lowest level since early 2021, but recent progress might not enough to...

www.marketwatch.com

The numbers: U.S. consumer prices rose a modest 0.2% in June and the rate of inflation slowed to lowest level since early 2021, but recent progress might not enough to stop the Federal Reserve from raising interest rates soon.

The increase in consumer prices last month was smaller than the forecast of economists polled by the Wall Street Journal.

The yearly rate of inflation decelerated to 3% from 4% in the prior month, marking the lowest level since March 2021.
The decline is not quite as fast as it seems, however.

Grocery and gas prices have retreated this year and accounted for a large part of the slowdown, for one thing. And some huge monthly increases in consumer prices in 2022 have dropped out of the yearly calculation of the inflation rate.

This should be good news no matter what your political point of view is.

God dammit...

 

[BasicHumanUnit]

Just a sec......misinformation.........correction coming in 5...4...3....2...1....

If a Communist regime declared it was the most transparent, democratic government on Earth........would ja believe it?