Energy Drives Consumer Prices Down in June
The Labor Department reported that consumer prices fell in June for the first time in a year, down 0.2 percent last month due to tumbling gasoline and heating oil prices, but annual inflation rose from 3.4 percent to 3.6 percent.
So-called “core” inflation (excluding food and energy) rose by 0.3 percent for the second month in a row. While the year-over-year rate now stands at 1.6 percent, the highest in 17 months, lately it has been rising much faster than Federal Reserve economists would like – an annualized rate of 3.2 percent over the last three months and 2.6 percent over the last six months, largely a result of soaring apparel prices and the rising cost of rent.
Gasoline prices fell 6.8 percent and the cost of fuel oil dropped 1.8 percent in June, but these energy products are still 35.8 percent and 28.3 percent higher than a year ago, respectively. As shown below, overall, energy costs fell 4.4 percent last month, but, on a year-over-year basis, are now 20.1 percent higher.
Overall food prices rose 0.2 percent in June and are now up 3.6 percent from a year ago, paced by a 4.7 percent increase in the cost of “food at home” with meat, poultry, fish, and egg prices up a whopping 7.2 percent from this time last year.
Apparel prices jumped 1.4 percent last month after a gain of 1.2 percent in May and, while up just 1.9 percent from a year ago, these prices are now rising at an annualized rate of 11.2 percent over the last three months as rising commodity prices and rising wages in the rest of the world continue to filter through to consumers in the U.S.
Source: http://timiacono.com/index.php/2011/07/15/energy-drives-consumer-prices-down-in-june/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,810,812,912 |
| Stories: | 8,651,415 |
Whistler Blowers, Insiders
