WEB Notes: More than a decade. That means the cost of living is going up more than it did during the Obama years. The cost of living is going up, that means inflation and then you think about the money in your savings account. What manipulative times we live in. You do realize the markets are all artifically inflated? The Federal Reserve is one of the main reasons why the cost of living is going up. You notice, the people always suffer, never the banks. To learn more about the banking system we recommend you watch, “The Money Masters“.
The cost of living in the U.S. is rising at its fastest rate in 10 years, according to new data from the Labor Department.
The data, released Friday, revealed that consumer prices increased 2.9 percent in July from the year before, meaning Americans may be earning less than they did at this time last year.
The consumer price index, meanwhile, rose 0.2 percent last month, which analysts largely attributed to rising housing costs, CNBC reported. Annual inflation remained unchanged from June’s pace at 2.9 percent.
Source: The Hill