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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMore Winning! "Prices are rising faster than they have in six years"
"If you feel like stuff has been getting more expensive lately, you're right.
The Consumer Price Index, which tracks most items on the average city-dwelling American's shopping list, rose 2.9% last month its fastest pace since 2012.
When prices speed up, paychecks don't go as far. Average hourly earnings only increased 2.7% over the year in June, which means that most workers' paychecks actually aren't going any further at all."
More info and graphs at link...
https://money.cnn.com/2018/07/13/news/economy/prices-cpi-explainer/index.html
*Not all prices are rising at the same rate and some one-off prices are decreasing, It's interesting to say the least, but if one had to guess, and based on the temperature of the trade markets, prices are sure to increase further.
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More Winning! "Prices are rising faster than they have in six years" (Original Post)
JDC
Jul 2018
OP
lpbk2713
(42,754 posts)1. Will someone please wake me up when America is great again?
A HERETIC I AM
(24,367 posts)2. ::::::sets alarm for nineteenfiftynever:::::::::
Got it
MattP
(3,304 posts)3. And if your social security goes up your part d will eat it up
Iliyah
(25,111 posts)4. WOW, we need them to tell us . . .
"When prices speed up, paychecks don't go as far"
No shit, Sherlock.
Bengus81
(6,931 posts)5. Republican moron voters never look at that aspect..........
They just parrot the same shit about the TAX CUT that Bush got them,now the tax cut (they can't ever tell you how much) that Trump got them. Meanwhile here....it will cost you at least $50.00 per month more for fuel than the day that SHITler took office.
And...Trumps buds at the Credit card companies got their 14% tax cut but will be raping anyone with a running balance when the Feds keep raising interest rates to slow inflation. WIN WIN for those fucks.