13 Sep 2023 11:14 am
The August 2023 consumer price index rose 3.7% on an annual basis, the U.S. Bureau of Labor Statistics said Wednesday.
The increase was mostly attributable to a spike in gasoline prices in August. That increase should be temporary, economists said.
At a high level, inflationary pressures are due to an imbalance between supply and demand. They've been felt globally during the pandemic era.
Inflation rose in August on the back of higher gasoline prices, according to the consumer price index.But there's good news for Americans: That increase is likely temporary, economists said. Aside from energy, there are signs that inflation continued its broad retreat in August, they said.
"This should just be a temporary interruption of the downward trend," said Andrew Hunter, deputy chief U.S. economist at Capital Economics."Broadly, we're already seeing pretty clear signs the situation is approaching normal again," he added.
https://stocks.apple.com/AktfcCIG5SfuqeDO-O3JTtQ
And Ukraine strikes deep in Crimea
CNN) — Two Russian warships were damaged after Ukraine launched an extensive assault on a Russian ship repair base in Crimea early Wednesday morning, officials said, in what appears to be Kyiv’s most ambitious strike on the port since the war began.
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Sing one, Dave Dudley
https://youtu.be/9fIWGjxoklc?si=nt7aAzxyOasq2yVX
Next year looks like Morning in America.
The increase was mostly attributable to a spike in gasoline prices in August. That increase should be temporary, economists said.
At a high level, inflationary pressures are due to an imbalance between supply and demand. They've been felt globally during the pandemic era.
Inflation rose in August on the back of higher gasoline prices, according to the consumer price index.But there's good news for Americans: That increase is likely temporary, economists said. Aside from energy, there are signs that inflation continued its broad retreat in August, they said.
"This should just be a temporary interruption of the downward trend," said Andrew Hunter, deputy chief U.S. economist at Capital Economics."Broadly, we're already seeing pretty clear signs the situation is approaching normal again," he added.
https://stocks.apple.com/AktfcCIG5SfuqeDO-O3JTtQ
And Ukraine strikes deep in Crimea
CNN) — Two Russian warships were damaged after Ukraine launched an extensive assault on a Russian ship repair base in Crimea early Wednesday morning, officials said, in what appears to be Kyiv’s most ambitious strike on the port since the war began.
——-
Sing one, Dave Dudley
https://youtu.be/9fIWGjxoklc?si=nt7aAzxyOasq2yVX
Next year looks like Morning in America.