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Inflation Gauge Increase More Than Expected in August 2022

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The PCE Price Index increased 0.3% in August as food and  housing costs climbed 

The PCE Price Index increased 0.3% in August as food and  housing costs climbed 

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The (Bureau of Economic Analysis) BEA's Personal Consumption Expenditures (PCE) Price Index climbed 0.3% in August 

The (Bureau of Economic Analysis) BEA's Personal Consumption Expenditures (PCE) Price Index climbed 0.3% in August 

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more than the 0.1% economic experts forecasted after a 0.1% decrease in July. 

more than the 0.1% economic experts forecasted after a 0.1% decrease in July. 

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The PCE Price Index rose 0.3% in August, up from a 0.1% decline in July as costs for food and also other items and also solutions remained to climb up. 

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Food prices climbed 0.8%, while real estate as well as utility expenses were up 1%. 

Food prices climbed 0.8%, while real estate as well as utility expenses were up 1%. 

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Health care costs increased 0.6%. Energy costs dropped 5.5% from July. 

Health care costs increased 0.6%. Energy costs dropped 5.5% from July. 

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Individual incomes rose 0.3% and also investing climbed up 0.4% in August, in a sign of labor market durability. 

Individual incomes rose 0.3% and also investing climbed up 0.4% in August, in a sign of labor market durability. 

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Rising Prices as well as a solid labor market would certainly sustain the Fed's placement for elevating interest rates to curb inflation. 

Rising Prices as well as a solid labor market would certainly sustain the Fed's placement for elevating interest rates to curb inflation. 

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Everything You Wanted to Know About US Stock Market

Everything You Wanted to Know About US Stock Market

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References:- 1. investopedia.com 2. wellsteps.com  3. freepik.com  4. researchleap.com  5. cnbc.com

References:- 1. investopedia.com 2. wellsteps.com  3. freepik.com  4. researchleap.com  5. cnbc.com

Photo Credit:   investopedia .com