Nostra
Diamond Member
- Oct 7, 2019
- 76,419
- 67,240
- 3,615
Bidenomics is killing working folks. This is why we have had 30 months straight of people's real wages going down. That means a pay cut each month for 30 months under Biden.
Joe is a disaster of epic proportions.
Inflation rose by an annual rate of 3.2% in July, reflecting the first increase after a year of cooling prices.
The Consumer Price Index, a basket of goods and services typically purchased by consumers, grew at an annual rate just below economists' forecast of 3.3%, according to FactSet. On a monthly basis, inflation rose 0.2%, the Labor Department said Thursday.
The uptick, the first increase in the pace of growth since June 2022, is due partly to higher housing and food costs. Even so, economists said underlying press pressures are easing, and that the economy is showing signs that price increases will continue cooling.
www.cbsnews.com
Joe is a disaster of epic proportions.
Inflation rose by an annual rate of 3.2% in July, reflecting the first increase after a year of cooling prices.
The Consumer Price Index, a basket of goods and services typically purchased by consumers, grew at an annual rate just below economists' forecast of 3.3%, according to FactSet. On a monthly basis, inflation rose 0.2%, the Labor Department said Thursday.
The uptick, the first increase in the pace of growth since June 2022, is due partly to higher housing and food costs. Even so, economists said underlying press pressures are easing, and that the economy is showing signs that price increases will continue cooling.

Inflation rose 3.2% in July, marking the first increase after a year of falling prices
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
