| Submit your comments on this article |
| Economy |
| Inflation eases per BLS report |
| 2023-07-12 |
| The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent in June on a seasonally adjusted basis, after increasing 0.1 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.0 percent before seasonal adjustment. The index for all items less food and energy rose 0.2 percent in June, the smallest 1-month increase in that index since August 2021. The all items less food and energy index rose 4.8 percent over the last 12 months. maybe another month without a Fed Fund interest rate increase or at the most 25 basis points |
| Posted by:lord garth |
| #5 When the BLS started changing what was and more importantly wasn't on the CPI are lost all confidence in it. When you start 'cherry picking' your data to fit you theory... |
| Posted by: magpie 2023-07-12 19:55 |
| #4 #1 the good old days of health insurance, sales has their foot on the gas, underwriting their foot on the brakes and the actuaries are looking out the back window yelling directions |
| Posted by: Beavis 2023-07-12 14:41 |
| #3 In the food and energy sector when Americans actually spend time weekly, not so much. The triple effect of price increase, product shrinkage, and the not easily measured quality deterioration are still rampant. |
| Posted by: NoMoreBS 2023-07-12 14:22 |
| #2 This is quite good news. Maybe the Fed has been effective. I hope. |
| Posted by: Tom 2023-07-12 13:35 |
| #1 Because these stats are always revised, we are steering with the rear view and listening for rumble strips. |
| Posted by: Super Hose 2023-07-12 12:57 |