The month-to-month increase of 0.1% was lower than expected and moderated for the second month after hitting a peak in June.second consecutive two-month period that prices fell, according to the Bureau of Labor Statistics’ Southwest region office.Moderating inflation may lead the Federal Reserve, which is meeting this week, to slow its interest rate hikes. Some economists said the Fed’s rate hikes may already be slowing inflation and the economy, but others say the Fed is watching rising wages.
Apparel prices also declined in November. Used car prices and gasoline are the first two categories to post declines not only sequentially but also from a year ago. Gasoline prices peaked at $4.84 a gallon for regular in June, according to AAA, and have fallen more than 40% to $2.69 on Tuesday, which is down 7.5% from $2.91 a year ago.
“It was bad when gas was over $4. But my rent went up $120 a month and other things still cost more,” Scott said. He can spend $100 at the grocery store and eat at home for a week, but then one meal out with his teenage son can blow that budget when it’s $60 with tip. “We don’t stop to get a candy bar or a Gatorade anymore,” Scott said.
Mayjor culprits, County tax, state tax, and insurances for rental proprieties.
Just got a 15% rate increase letter from my complex I've lived in for 3+ years which is cool 😎
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