the staff of the Ridgewood blog
Washington DC, the Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis after rising 1.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment.
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The gasoline index fell 7.7 percent in July and offset increases in the food and shelter indexes, resulting in the all items index being unchanged over the month. The energy index fell 4.6 percent over the month as the indexes for gasoline and natural gas declined, but the index for electricity increased.
The food index continued to rise, increasing 1.1 percent over the month as the food at home index rose 1.3 percent. The index for all items less food and energy rose 0.3 percent in July, a smaller increase than in April, May, or June.
The indexes for shelter, medical care, motor vehicle insurance, household furnishings and operations, new vehicles, and recreation were among those that increased over the month. There were some indexes that declined in July, including those for airline fares, used cars and trucks, communication, and apparel.
The all items index increased 8.5 percent for the 12 months ending July, a smaller figure than the 9.1-percent increase for the period ending June. The all items less food and energy index rose 5.9 percent over the last 12 months. The energy index increased 32.9 percent for the 12 months ending July, a smaller increase than the 41.6-percent increase for the period ending June. The food index increased 10.9 percent over the last year, the largest 12-month increase since the period ending May 1979.
Thank God they passed the faux “Inflation Reduction Act” to SPEND $800 Billion, INCREASE Taxes and PENALIZE farmers.
That will help.
And even better, the inflation rate for the year declined by a minuscule amount in July, showing that we are being SAVED, SAVED!
inflation is much higher than 8.5% as local grocery stores continue to raise prices
compare prices of items u regularly purchase…easily up 40-50% in past 18 mths
Democrat progressive swamp lies continue. They want us to believe their propaganda and not believe our own eyes.
Inflation is still the highest since 1979 but they’re telling you everything is fine. Rich folk might not care if gas is $3 or $6 a gallon or if a gallon of milk is $3 or $6. But for everyone else our wallets are being cleaned out when prices DOUBLE in one year and the government in charge, which are the the progressive swamp Democrats, continue to lie to us so they can remain in power and further screw us. If you don’t vote them out in November then you are either ignorant about facts or insensitive to the hardships others are facing.
100%….elite libs are immune to the inflationary issues everyday americans face. libs, as most politicians, have no idea how to relate to their constituents..nor do they care. just say no and vote them out…