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Online Inflation Is Making a Comeback
Posted
September 14, 2022
Views
829
Likes
14
Engagement
1.69%
September 14, 2022
829
14
1.69%
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1:14Now PlayingMaybe the internet doesn't offer the best deals. Online prices are on the rise again.
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US consumer prices were resurgent last month, dashing hopes of a nascent slowdown and likely assuring another historically large interest-rate hike from the Federal Reserve.
The consumer price index increased 0.1% from July, after no change in the prior month, Labor Department data showed Tuesday. From a year earlier, prices climbed 8.3%, a slight deceleration, largely due to recent declines in gasoline prices.
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