- 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.
But Reaganomics fixed stagflation. If we gave rich people all the money and did austerity, then it's impossible to get stagflation! Milton Friedman and Thomas Sowell said so!