however the huge number is that right there inflation back in 2008 went to 5 percent we'' re now at 8.5 percent maria bartoroma knows everything about this maria greetings to you thank you for joining us your evaluation on the numbers that we have yesterday as well as today just how do you see it hey costs thanks extremely much greetings to you well they are certainly far better than expected and also relocating the ideal direction the other day we saw the customer cost index come method below what we saw in the month of june at 8 as well as a half percent that is better than the 9.1 percent we saw in june very same circumstance today with rising cost of living at the production degree uh manufacturers are currently seeing inflation up but not as bad as the month of june we had an analysis of up 9.8 percent in the month of july that is down uh from the 10.4 percent that was expected and absolutely down from the 11 that we saw in june so bottom line here what we are seeing is the price of oil come down so we were expecting a respectable number on cpi and also on ppi because take a look at what took place in the month of july oil prices were coming off of the huge highs that we saw previously in the year this does not imply necessarily that rising cost of living has actually peaked nevertheless it does suggest that things are beginning to relocate in the best instructions for oil oil rates are down but among the factors that oil was up was not always a a a rising cost of living dealing with story but more a story of a uh an economy that is not counting on american manufacturing so why did oil prices come down in july i'' ll tell you today it concerns a slowing down economy you are checking out the possibility of economic crisis 2 quarters of contraction is what we saw in the first and second quarter and also as an outcome of that contraction and also a sharp slowdown of the economic climate and also expectations of a continued slowdown rest of the year energy need has slowed so individuals are not driving as much individuals are not making use of as much oil so oil prices relocate supply and need oil rates boiled down that'' s great information however that'' s not the whole story food rates are still soaring take a look at a loads eggs consider the price of meat the cost of bread we'' re still talking about double number enhances month uh year over year and definitely enhances month over month we need to see more of the easing of uh prices on food in addition to energy going onward so i'' m not all set to devote to you right now to claim we have actually turned an edge i put on'' t believe so as a matter of fact yesterday i consulted with john cashmatitis from gristedes and also he claimed no producers are still charging what they'' re charging and that means stores food store are not going to allow up on these high prices so we'' ll possibly see that inflation at the food degree continue however you need to think this is a favorable that power has boiled down a lot it'' s just boil down though due to a slowing down economic climate the other problem in this economic climate is the participation price you understand that efficiency has actually plummeted as well as we require to obtain individuals back in the workforce that involvement rate remains stuck as well as that'' s something that we need to view as well in order to have confidence that job development can return to the means it was uh in the last month maria allow me play a clip for you from yesterday at the white house right listen to the the number roll it i just wish to say a number absolutely no today we got information that our economic climate had no percent rising cost of living in the month of july absolutely no percent what that implies while the rate of some things go up rose last month the cost of various other things went down just how is that message being obtained at no well it'' s being obtained as if'it ' s a joke i suggest the truth is bill is this is a lot more misinformation and also disinformation we are checking out rising cost of living up 8 and also a half percent and also on a manufacturer degree more than that so we do have 8 and a half percent rising cost of living at a time that incomes are expanding much lower inflation is still cutting into individuals'' s uh capability to spend cash that they'' re gaining the head of state is calling it no inflation it'' s simply not real that'' s not the means individuals look at rising cost of living that is not the means it'' s gauged it ' s measured year over year to have a clear understanding of just how prices are various year over year so we'' re today performing at an inflation price of eight as well as a half percent absolutely not zero it'' s incredible though that the democrats can escape generating a 700 billion dollar income bundle and call it a rising cost of living reduction act that'' s the very same thing as calling inflation zero concerning that for marketing maria wonderful to see you thanks for your evaluation we'' re calling you once more real quickly mm-hmm maria bernardo thanks you got it i'' m steve ducey i ' m brian kilmeade and also i'' m ainslie earhart as well as go here to subscribe to the fox information youtube web page to catch our best interviews and many engaging analysis
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