- cross-posted to:
- economics@lemmy.ml
- finance
- finance
- finance
- cross-posted to:
- economics@lemmy.ml
- finance
- finance
- finance
The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment.
It keeps going up. People were talking about peak inflation back in May. Lol.
Joe removed the federal gas tax temporarily so thats why gas did that.
I think it’s only partially true, futures for gas have also fallen, so :shrug-outta-hecks: its just period of rerouting oil around after sanctions.