Inflation Update 🇺🇸

Inflation Cools off in the US 🇺🇸 

🥵 Inflation Nation

This months US 🇺🇸 inflation came in at 3.1%. Last month was 3.2%. Peak inflation was 9.1%. The lowest reading we got this year was 3.0% in July.

Here’s the changes year over year ; 📆

• 🚗 Transportation: +10.1%

• 🏠️ Rent: +6.9%

• 🍔 Restaurants: +5.3%

• ⚡️ Electricity: +3.4%

• 🍺 Alcohol: +2.9%

• 🥕 Groceries: +1.7%

• 🏎️ New Cars: +1.3%

• 👕 Clothes: +1.1%

• 👩‍⚕️ Medical Care: -0.9%

• 🚗 Used Cars: -3.8%

• ⛽️ Gasoline: -8.9%

• ⛽️ Gas Utilities: -10.4%

• ✈️ Airlines Fares: -12.1%

• 🛢️ Fuel Oil: -24.8%

The year-over-year deceleration was largely a result of lower prices for gas, cars & FOOD! This is good to see since food prices kept rising.

Rent & transportation are the only major components that have higher inflation.

🔮 Now its only a matter of time before the Feds cut rates, it will still take time since the fight from 3% to 2% is a hard one just like losing that last bit of belly fat. Its going to be annoying !

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This was just a midweek update, stay tuned for my Friday market recap. 🤟