The CPI Report Continues To Cook In August (9/13/22)
The CPI numbers are in and the numbers are not looking good. While gas prices have dipped, food prices, rent and medical costs have soared, putting a strain on American consumers. After the numbers were announced this morning, Wall Street responded by having it's worst day since 2020 and the start of the pandemic with roughly 1.6 trillion dollars in wealth wiped out during the daily session.
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source:
https://www.cnbc.com/2022/09/13/inflation-rose-0point1percent-in-august-even-with-sharp-drop-in-gas-prices.html