this post was submitted on 11 Aug 2023
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US inflation cooling as consumer prices rise moderately again (www.reuters.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture.

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[โ€“] dhtseany 6 points 1 year ago (1 children)

And new trucks and cars are only bought by a select group of people who can afford them, I don't feel it's as direct of a health signal as they'd want you to believe.

[โ€“] [email protected] 5 points 1 year ago

If fewer people are buying cars and trucks, their prices fall. Everyone has to buy groceries, and those prices are rising slowly again, like they used to.