Inflation has driven up the costs of families’ grocery bills, rents, and utility costs, placing hardships on households and increasing gloom about the economy despite job growth and low unemployment. FOX13
for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households.
Inflation has escalated families’ grocery bills, rents and utility costs, among other expenses, inflicting hardships on many households and deepening gloom about the economy despite strong job growth and low unemployment. Yet the signs that inflation might have peaked — or will soon — could bolster Democrats’ prospects in the midterm elections and may already have contributed to slightly higher public approval ratings for Biden. In his speeches, Biden has generally stopped referring to the impact of high prices on family budgets.
Over the past year, prices of meat, milk and fruits and vegetables have soared by double-digits. But executives at Kroger, the nation’s largest grocery chain, said that falling prices for farm commodities like wheat and corn could slow cost increases for food.Next week, most Fed watchers expect the central bank to announce a third straight three-quarter-point hike, to a range of 3% to 3.25%.
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US inflation falls for 2nd straight month on lower gas costsSharply lower prices for gas and cheaper used cars slowed U.S. inflation in August. Many other items rose in price, though. A closer look.
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US inflation still stubbornly high despite August slowdownSharply lower prices for gas and cheaper used cars slowed U.S. inflation in August for a second straight month, though many other items rose in price, indicating that inflation remains a heavy burden for American households. us inflation kprc2 us
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