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tst123@lemmy.world to News@lemmy.world · 3 years ago

Inflation: Consumer prices rise 3.2% in July as inflation slowdown stalls

finance.yahoo.com

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Inflation: Consumer prices rise 3.2% in July as inflation slowdown stalls

finance.yahoo.com

tst123@lemmy.world to News@lemmy.world · 3 years ago
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July CPI is a key factor in the Federal Reserve's decision on whether to hike interest rates next month.
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  • kibiz0r@midwest.social
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    3 years ago

    “Inflation slowdown stalls” is a really weird way to say that monopolies are continuing to act like monopolies.

    • MxM111@kbin.social
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      3 years ago

      Are you suggesting that they acted differently last month or pre-inflation?

      • BraveSirZaphod@kbin.social
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        3 years ago

        Everyone knows that macroeconomics is largely governed by how greedy the CEOs felt like being on a given day.

      • coach@lemmynsfw.com
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        3 years ago

        continuing

  • OldWoodFrame@lemm.ee
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    3 years ago

    Inflation (prices going up) slowdown (prices going up slower) stalls (“prices going up slower” is going slower)

    • xylene@sh.itjust.works
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      3 years ago

      Thank you. Ffs.

  • TransplantedSconie@lemm.ee
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    3 years ago

    Maybe charge the CEOs with price gouging?

  • ScreaminOctopus@sh.itjust.works
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    3 years ago

    I don’t know how this is news, 3.2% is a pretty healthy number.

    • Solemn@lemmy.dbzer0.com
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      3 years ago

      If we had 3.2% inflation in the month of July alone, I’d prefer not to see 45.9% inflation over the next year.

      Edit: reading more comments (and still not the article) it looks like this is a rise from last July, so yearly. In which case yeah, it’s not 2%, but it’s not super alarming either.

  • Buelldozer@lemmy.today
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    3 years ago

    For context that is higher then Federal Reserves target for a YEAR!

    • kibiz0r@midwest.social
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      3 years ago

      The 3.2% is July 2023 vs July 2022. From June 2023 to July 2023 was only 0.2%

      • reallynotnick@lemmy.world
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        3 years ago

        Yeah it’s definitely a poorly written title for anyone not following this super closely.

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