At the Federal Reserve’s new world “transient” inflation, Americans pay more to get less.
Retail sales rose 0.6% from May to June. According to the Commerce department, American consumers spent $ 621 billion on sales and services last month. With a large 1.7% fall in May, retail sales remained below the levels in March and April.
Meanwhile, the price increase in June was more than the increase in retail sales. In fact, they outscored summer sellers throughout the second quarter. Consumers pay more in each marketing category.
- Purchased food in stores – up to 0.8%
- Prices in restaurants, delis, cafeterias, etc. – up to 0.7%
- The price of gasoline – up to 2.5%
- Affordable good price including home appliances, electronics, autos. furniture, etc. up to 3.5%
This is the price increase in just one month. Overall, the CPI showed 0.9% month-on-month in June. So far this year, prices have risen 3.6%.
Since the stock market is expressed in dollar amounts, the price increase is shown.. That is, just because of the increase in widget dollar sales does not mean that people are buying more widgets. They may buy smaller widgets but still pay for them. This is exactly what has happened in many aspects of spring marketing. – READ MORE
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