Annual inflation rate in the US eased for a second straight month to 8.3% in August of 2022 from 8.5% in July. It is the lowest reading in four months, above market forecasts of 8.1%. The energy index increased 23.8%, below 32.9% in July, mainly due to a big slowdown in gasoline costs (25.6% vs 44%) and fuel oil (68.8% vs 75.6%) while natural gas (33% vs 30.5%) and electricity prices (15.8%, the most since August 1981) accelerated. Meanwhile, inflation rose for food (11.4%, the most since May of 1979), namely food at home (16.7%), cereals and bakery products (16.4%), fruits and vegetables (9.4%) and dairy and related (16.2%). Costs also increased more for shelter (6.2% vs 5.7%) and used cars and trucks (7.8% vs 6.6%). Compared to the previous month, consumer prices rose 0.1%, following a flat reading in July and compared to forecasts of a 0.1% drop. source: U.S. Bureau of Labor Statistics
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Every single month, the story is the same
Fiat currencies are to blame
No politician can really tame
The force of inflation, it's theft, what a shame