Inflation Report: Prices Continue to Rise Faster than Wages in the U.S.
· Telemundo McAllen (KTLM)
Inflation in the U.S. rose by 0.1% from June to July, according to the Bureau of Labor Statistics (BLS). Year-over-year inflation slightly decreased from 3.5% to 3.4%, but remains above wage growth, which is at 3.2%. Energy prices continue to drive inflation, with Brent crude reaching $90 per barrel and U.S. crude nearing $84. The national average for regular gasoline is now $4.03 per gallon. Other costs, including healthcare, airfares, and education, have also increased. The Federal Reserve is considering raising interest rates, with a decision expected in mid-September.
AI summary · Source: Telemundo McAllen (KTLM) →
