RSS

The Obama Myth Exposed – Cost of Living Leaps to a three-year High (Poor getting poorer)

18 Sep

From the article:

Cost of living in the U.S. increased by the largest amount in three years during the month of August, according to Businessweek.

The Consumer Price Index made a 0.6 percent increase in August, according to the Bureau of Labor Statistics.

Items not related to food and gasoline prices only increased 0.1 percent, according to Businessweek.

“I think inflation will remain benign for some time,” Ryan Sweet, a senior economist at Moody’s Analytics Inc. in West Chester, Pa., told Businessweek before the report. “The consumer’s still very, very price-sensitive, and rightfully so because the unemployment rate’s high, wage growth is barely keeping up with inflation.”

Read the rest here:

http://www.deseretnews.com/article/865562551/August-cost-of-living-hits-highest-increase-in-3-years.html

Advertisements
 
Leave a comment

Posted by on September 18, 2012 in Uncategorized

 

Tags: , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

 
%d bloggers like this: