JUST IN: New inflation data shows prices rose slightly in August
New data suggests inflation and the slowing economy are making an impact on pet owners’ wallets.
WASHINGTON (AP) — The pace of sales at U.S. retailers was unchanged last month as persistently high inflation and rising interest rates forced many households to spend more cautiously. Retail purchases were flat in July after having risen 0.8% in June, the Commerce Department reported. America’s consumers, whose spending accounts for nearly 70% of economic activity, have remained mostly resilient…
ABC NEWS–President Joe Biden, on Tuesday, signed the Inflation Reduction Act, which includes the biggest investment ever in the U.S. to fight climate change. ABC’s has a breakdown of the $740 Billion Inflation Reduction Act. Categories: National News Tags: inflation, President Joe Biden
“I guess the first thing I would say to every household is that we know inflation is too high and we understand how painful it is. Particularly for people who are living paycheck to paycheck and spend most of that paycheck on necessities such as food and gas and heating their homes and clothing and things like that. We do understand that those people suffer the most,” said Chair of the Federal Reserve, Jerome Powell.
“As more new apartments become available, there should be a decrease in the rental price, but by how much, we just don’t know,” the economics professor said.
The Federal Reserve has raised interest rates in an effort to combat high inflation. Von Nessen believes that we will also see less new spending from the federal government.
ABC NEWS–Now to the economy and the crucial inflation report out today showing prices were 9.1% higher in June compared to a year ago. Experts say this is worse than expectations and the largest yearly increase since 1981. ABC’s Reena Roy has the latest. Categories: National News, News Tags: inflation
COLUMBIA, S.C. (WOLO) – Inflation has put a strain on some households. In Columbia, some people are seeking to pawn items as a way to make ends meet. “In this day and time its tough with food prices and gas prices especially. We’re getting a lot o people coming in with good items to pawn and we’re helping them as…
Consumer News: JD Power reports new vehicle owners encountered more problems in 2022, inflation impacting the childcare industry
