It’s All About the [GAS] Pump!
By Staff Reporters
Inflation rose by an annual rate of 3.7% in August amid higher gasoline prices, marking the second consecutive month of rising costs.
The Consumer Price Index, which tracks a basket of goods and services typically purchased by consumers, increased 0.6% from July, the Labor Department said Thursday. On an annual basis, the increase was higher than economists’ forecast of 3.6%, according to FactSet.
Yet the so-called core CPI, which excludes volatile fuel and food costs, rose 4.3% from a year ago, matching the forecast from economists surveyed by FactSet.
By comparison, the core CPI had increased 7.3% in the past year, signaling that prices have cooled over that time.
Elderly CPI: https://medicalexecutivepost.com/2023/02/19/what-is-the-elderly-cpi/
MAY CPI: https://medicalexecutivepost.com/2023/06/14/cpi-report-may-round-up-2023/
***
COMMENTS APPRECIATED
Thank You
***
***
Filed under: "Ask-an-Advisor", Breaking News, Experts Invited, Investing, LifeStyle | Tagged: core CPI, CPI, elderly CPI, FacSet, gas prices, gas pumps, gasoline prices, inflation | Leave a comment »