Annual Rate of Consumer Price Inflation Highest in 17 1/2 Years

Despite their large impact on consumers, we usually don't report on monthly consumer price, unemployment, or other statistics concerning the health of the U.S. (or world) economy. But today's monthly consumer price index figures for July seem noteworthy because the monthly increase was double what had been predicted by economists (.8% actual vs. .4% predicted). The annual rate of inflation measured from last July to this July was 5.6%, the largest annual gain since way back in January 1991. The large increase was led by rapidly rising food and energy prices, both of which are often volatile and thus not considered part of the "core" rate of inflation (which rose from last month at a rate of only .3%). Read the Washington Post story here.

Comments

[Payday Loan]

With high prices, many families with a fixed income struggle to get by these days. Walmart caters to low-income or middle class families. Their products are affordable. Quality might be sacrificed but still many families rely on Walmart. But there are also unavoidable expenses. These families might be forced to buy a product that is out of the budget. That is why these people often rely on loans like no fax payday loans. http://personalmoneystore.com/moneyblog/ I think this will teach them to be responsible money-handlers. So while in the process of saving to pay back their loans, they are wise enough to buy products that are not so expensive. This is where Walmart comes in to help.