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If the economy feels even worse for you than inflation data says, that might be because childcare isn’t deemed a ‘necessity’
Inflation isn’t in a great place right now: Despite “affordability” becoming the buzzword of D.C., prices are moving in the opposite direction to consumer wishes.
Summary
Inflation isn’t in a great place right now: Despite “affordability” becoming the buzzword of D.C., prices are moving in the opposite direction to consumer wishes. The latest consumer price index (CPI) report from the Bureau of Labor Statistics shows inflation jumped once again, up to 3.3% over the past 12 months. Much of this has come from increases in commodities like gasoline, which largely can be attributed to the oil supply shock following U.S. and Israeli attacks on Iran .
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