Consumer prices on rise

Consumer prices rose in June at the highest yearly rate since 2012, reflecting a U.S. economy that’s running hotter than anytime since the Great Recession. Consumer prices rose 2.9 percent in the year since June 2017, a five-year high, while hourly wages fell 0.2 percent in the same period. 

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once the corporate tax cuts went into effect in January, companies immediately passed those savings on to consumers. Oh, wait. They didn't

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Inflation isn’t surging, but it is continuing its steady upward climb

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3 minutes ago, Stephen said:

once the corporate tax cuts went into effect in January, companies immediately passed those savings on to consumers. Oh, wait. They didn't

They had fun with the stock buybacks mostly 

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trade wars are going to exacerbate inflation even further. 10% interest rates are on the horizon.

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Inflation has shot up over the past year owing to rising oil prices, higher rents, more expensive medical care and growing bottlenecks in the economy for skilled workers and certain key materials.With consumers and businesses spending more, trucking firms have struggled to hire enough workers to keep goods moving. That has boosted shipping prices, lifting costs for businesses that may soon be passed on to consumers. Trade restrictions have made lumber and washing machines more expensive.

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15 minutes ago, Sefko Trafikant said:

Consumer prices rose in June at the highest yearly rate since 2012, reflecting a U.S. economy that’s running hotter than anytime since the Great Recession. Consumer prices rose 2.9 percent in the year since June 2017, a five-year high, while hourly wages fell 0.2 percent in the same period. 

Attention Walmart shoppers

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gas prices increased 0.5 percent and have soared 24.3 percent in the past 12 months. That has sent prices at the pump toward nearly $3 a gallon, sucking more money from consumers' wallets and offsetting roughly a third of the benefit from last year's tax cuts.

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9 minutes ago, Ja’Nako Bezze said:

gas prices increased 0.5 percent and have soared 24.3 percent in the past 12 months. That has sent prices at the pump toward nearly $3 a gallon, sucking more money from consumers' wallets and offsetting roughly a third of the benefit from last year's tax cuts.

that said in nice wording

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Prices on everything should be going down because of increased technology across the board. However, that is not the case. You saw it with personal computers, how when they first came out they were really expensive but now look at what you can get for a really low price comparatively speaking. This is pretty much how every market should be but that ideal couldn't be further from the truth. Our health care costs should be going way down because of all of the medical advancements but instead they are going up. Food prices keep going up even though they have better technology than ever. I laugh when I hear people talk about the "free market". 

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