Stocks In Free Fall Inflation Reading Comes In Hotter Than Expected
(Washington, DC) — Stocks are falling after a new report revealed inflation is not slowing down despite misinformation from the White House and Treasury. The Dow Jones Industrial Average fell by 900 points in early trading while the S&P 500 and Nasdaq were down by at least three-percent. That comes after the consumer price index for August rose zero-point-one percent for the month despite predictions of a slight decline. On a year-over-year basis, the CPI jumped eight-point-three percent. Increasing costs for food and shelter are being blamed for the spike.
Inflation Reading Shows Americans Continue Paying More For Groceries
(Washington, DC) — Americans are paying more for food, rent and healthcare. This after the consumer price index, a key measurement of inflation, rose zero-point-one percent in August despite predictions of a slight decline. Groceries are expected to increase by up to 11-percent this year with beef, poultry, milk and eggs leading the jump.