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Walmart customers are thinking about rising prices. Home Depot customers are thinking about rising interest rates.
The program is expected to provide a large benefits increase in 2023. Until then, many on fixed incomes have to tighten their budgets.
“Flexible” prices, like those for gas and produce, may not track inflation trends as well their “sticky” counterparts, like shelter and dining out.
The PPI offers a glimpse into what you might be paying for goods and services in the very near future.
Lower prices at the pump are offering some relief from other areas of inflation, like rent and food. But gas prices are a volatile indicator.
In part, that’s because restaurants don’t want to scare away customers.
The report raises hopes that the Federal Reserve to raise short-term interest rates by less than had been anticipated when it meets in late September.
Wednesday the government will tell us how much prices changed year over year in July. Inflation was an alarming 9.1% in June.
The housing market is cooling a little. But there still aren’t that many homes for sale, just more than last year.
More people in the United States are working two full-time jobs than ever before, says Lauren Kaori Gurley of The Washington Post.
