this post was submitted on 14 Aug 2024
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Economics

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Annual US inflation falls to 3-year low, clearing the way for the Fed to begin cutting rates (apnews.com)
submitted 2 months ago by [email protected] to c/[email protected]
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Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September.

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[โ€“] Socsa 2 points 2 months ago (1 children)

Nonsense, I track my grocery expenses and it has been right around 15% increased since 2021

[โ€“] [email protected] 0 points 2 months ago

Yep. There's a reason they exclude power, food, fuel etc from those calculations... it looks fine on paper but reality is obviously quite different.