Posted on 07/28/2015 5:48:22 PM PDT by Olog-hai
Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee.
For American consumers who have become used to flat or even falling prices for several years, an unfamiliar sight has emerged in many corners of the economy: Inflation is ticking up.
The price increases remain modest. And in many cases, they’re canceled out by price declines for other items that are keeping overall inflation historically low.
Yet the stepped-up price tags for a range of consumer items are the largest since the Great Recession ended six years ago. They actually reflect a healthier economy: Many businesses have finally grown confident enough to pass their own higher costs on to consumers without fear of losing customers. Employers have added nearly 5.6 million jobs the past two years, allowing more people to absorb higher prices.
Signs of emergent inflation are a key reason the Federal Reserve, which is meeting this week, will likely raise interest rates from record lows later this year. Inflation has long trailed the Fed’s 2 percent target rate but is on track to return to that level in coming months. …
(Excerpt) Read more at hosted.ap.org ...
Or that virtually ALL of the new jobs recently created have been taken by immigrants?
I guess that would send the wrong message.
Seattle, SF and LAX with their soon to be $15hr wage will be hardest hit.
Until now, the money that was created was confined to the top 1%, raising the prices of fine wines, paintings, luxury cars, and million-dollar condos.
However, it may be leaking into the general population.
Flat or falling prices?
What!!!
Whatever he’s taking I want some.
AP =. All Poop
Payin’ da price for Barry Soetoro’s “boomin’ ‘conomy”. America is getting what it deserves. If you morons haven’t had enough yet, I suggest that you vote for Slick Willie’s wife! She and her girlfriends will continue the destruction of America.
Emergent inflation??
What planet have they been living on??
Prices have been increasing massively for the last 10 years!!!!
“Americans start to feel price hikes”..... START???
...virtually ALL of the new jobs recently..have been taken by the illegals.
Howzat?
Jeremy Beck, a lawyer in Louisville, Kentucky, has noticed a jump in his water bill and said electricity costs were also rising. But he and his wife, Christine Ehrick, a professor at the University of Louisville, said the biggest problem has been flat wages. …Nice reporting there, guys.
Cheesecake! Mmmmmmm!
Cartoon is stupid. I am against 15/hr min wage but that is not going to affect the retail price 100% simply because labor is a cost, one of many costs.
Teenage grandson went to the store with me this last weekend. His comment, “Well, looks like we can afford to buy bacon for breakfast now but can’t afford the eggs to go with it. Is it always like this?”
I started to write a scathing comment at the link to the full article... but realized I was wasting my time and refuse to give them even a fake email.
Obamaconomy. He owns it!
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