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Cost of living rises at fastest rate in decade
« on: August 10, 2018, 10:39:49 pm »
Cost of living rises at fastest rate in decade
By Justin Wise - 08/10/18 04:47 PM EDT

The cost of living in the U.S. is rising at its fastest rate in 10 years, according to new data from the Labor Department.

The data, released Friday, revealed that consumer prices increased 2.9 percent in July from the year before, meaning Americans may be earning less than they did at this time last year.

The consumer price index, meanwhile, rose 0.2 percent last month, which analysts largely attributed to rising housing costs, CNBC reported. Annual inflation remained unchanged from June's pace at 2.9 percent.

Energy, medical care and apparel costs dropped in July, while food prices ticked up. 

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http://thehill.com/blogs/blog-briefing-room/news/401321-cost-of-living-rises-at-quickest-rate-in-10-years
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Offline skeeter

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Re: Cost of living rises at fastest rate in decade
« Reply #1 on: August 10, 2018, 10:45:35 pm »
So the price of housing went up, period. Yeah, thats common in a booming economy.
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Offline rustynail

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Re: Cost of living rises at fastest rate in decade
« Reply #2 on: August 10, 2018, 11:07:19 pm »
But it is summertime and the living is easy.
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Offline Wingnut

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Re: Cost of living rises at fastest rate in decade
« Reply #3 on: August 10, 2018, 11:17:12 pm »
Not fake news but distorted news that The Hill is famous for.

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Offline skeeter

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Re: Cost of living rises at fastest rate in decade
« Reply #4 on: August 10, 2018, 11:31:51 pm »
Quote from: rustynail on August 10, 2018, 11:07:19 pm
But it is summertime and the living is easy.

And Bradleys on the microphone.
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Offline corbe

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Re: Cost of living rises at fastest rate in decade
« Reply #5 on: August 10, 2018, 11:46:19 pm »
    Gas @ $2.49/gal in Texas seems to be the new 'normal', now. Living alone (anyone surprised?) I do my own shopping and grocery prices increase every month, just like they did 8 years under obummer.  I'm retired and comfortable but I know a lot of working stiffs with loving families and it's a struggle. 
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Offline Victoria33

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Re: Cost of living rises at fastest rate in decade
« Reply #6 on: August 11, 2018, 12:09:44 am »
Grocery prices rise - and amount in the package is less.  We buy a lot of fresh fruit and the prices are going out of sight.  We eat blueberries every morning and the price keeps going up regardless of the time of the year.  A household with kids can't afford apples.
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Offline roamer_1

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Re: Cost of living rises at fastest rate in decade
« Reply #7 on: August 11, 2018, 12:15:36 am »
How can you possibly print nearly $3T without causing inflation?
You can't.
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Offline Wingnut

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Re: Cost of living rises at fastest rate in decade
« Reply #8 on: August 11, 2018, 12:17:09 am »
Quote from: Victoria33 on August 11, 2018, 12:09:44 am
Grocery prices rise - and amount in the package is less.  We buy a lot of fresh fruit and the prices are going out of sight.  We eat blueberries every morning and the price keeps going up regardless of the time of the year.  A household with kids can't afford apples.


"Trump Stealing apples from Children"
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Offline Bigun

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Re: Cost of living rises at fastest rate in decade
« Reply #9 on: August 11, 2018, 12:17:42 am »
Quote from: skeeter on August 10, 2018, 10:45:35 pm
So the price of housing went up, period. Yeah, thats common in a booming economy.

The FED let them ride for eight years of Obama but is now all of a sudden raising interest rates. 
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Offline endicom

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Re: Cost of living rises at fastest rate in decade
« Reply #10 on: August 11, 2018, 12:20:33 am »
Quote from: The Ghost on August 11, 2018, 12:17:09 am

"Trump Stealing apples from Children"


Well, last week he was stealing children from their parents so this is a step up.

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Offline Wingnut

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Re: Cost of living rises at fastest rate in decade
« Reply #11 on: August 11, 2018, 12:21:29 am »
Quote from: Bigun on August 11, 2018, 12:17:42 am
The FED let them ride for eight years of Obama but is now all of a sudden raising interest rates.

Burried in the story..."Annual inflation remained unchanged"
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Offline corbe

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Re: Cost of living rises at fastest rate in decade
« Reply #12 on: August 11, 2018, 12:30:31 am »
Quote from: The Ghost on August 11, 2018, 12:21:29 am
Burried in the story..."Annual inflation remained unchanged"


    Using the same damn algorithms obummer used for 8 years the CPI is as non reflective of reality in America as is using Labor's unemployment numbers, both of which he called out during his Campaign.   /JS
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Offline roamer_1

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Re: Cost of living rises at fastest rate in decade
« Reply #13 on: August 11, 2018, 12:53:42 am »
Quote from: The Ghost on August 11, 2018, 12:21:29 am
Burried in the story..."Annual inflation remained unchanged"

Right... everywhere but on the kitchen table, I guess...
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