This is the fourth consecutive month consumer prices have outpaced wages, according to the latest Consumer Price Index report. Prices increased 0.1% in July. NewsNation's Bennett Haeberle reports. Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
AI:The latest Consumer Price Index report confirms the reality that working Americans are being bled dry as consumer prices outpaced wages for the fourth consecutive month. July saw another 0.1% increase, proving that despite what the bureaucrats want you to believe, inflation is entrenched and squeezing every household in this country. While the left-wing media attempts to spin these numbers through a lens of normalcy, the fact remains that the purchasing power of the American worker continues to erode under the weight of persistent price hikes.Open
Wholesale prices can offer an early look at where consumer inflation might be headed.
AI:Wholesale producer prices are showing signs of a potential slowdown, which may serve as an early indicator that consumer inflation could begin to grind lower in the coming months.Open
Image: pasja1000 via Pixabay , Pixabay License . pasja1000 By James T. Moodey We have enough recent history under our belt at this point to make a good guess.
Income growth is accelerating — supporting consumer spending — while inflation is rising even beyond the energy-price shock. Why it matters: That combination, shown in new data out Thursday morning, creates a complex reality for Kevin Warsh's young Federal Reserve chairmanship . - It's good news for the economy's underlying resilience, but it raises fresh questions about whether interest rates are exerting as much downward pressure on demand as Fed officials may believe. What they're saying: "The U.S. consumer is not cracking," Olu Sonola, an economist at Fitch Ratings, wrote Thursday morning, adding that the oil price shock has not derailed consumer spending. - "Headline inflation may be nearing a peak as energy prices fall, but…
Apple has announced price increases on several products, citing rising memory chip costs and supply chain challenges, with industry experts predicting similar moves by other brands.
PULSE POINTS WHAT HAPPENED: Apple has raised prices on several products, including the MacBook Pro with one terabyte of storage, which increased from $1,699 to $1,999 in the U.S., and the entry-level Neo laptop in the United Kingdom, which rose from £599 to £699 (~$790 to ~$920). The company attributed the increases to rising costs of key components, particularly memory chips. DETAIL: Industry analysts said the move highlights how the artificial intelligence (AI) boom is affecting consumer electronics, with even Apple unable to avoid rising component costs. Chipmaker TSMC has also warned that inflation and higher production expenses could lead to further increases across the sector. Analysts expect other PC and tablet manufacturers to…Open
Farm and small business bankruptcies are rising, as new Labor Department data shows inflation accelerated in May to its highest level in more than three years. Michael Ervin, owner of Coal River Coffee in St. Albans, West Virginia, tells “Morning in America” President Trump's “One Big Beautiful Bill,” initially provided businesses with some stability and breathing room. However, he says higher fuel costs affect businesses beyond filling up at the pump. Start your day with "Morning in America," NewsNation's live three-hour national morning newscast hosted by Markie Martin. Weekdays starting at 6a/5C. #MorningInAmerica NewsNation is your source for fact-based, unbiased news for all Americans.
