William Lindsey :toad:@wdlindsy@toad.social
"'Near-term measures of inflation expectations have moved up on balance over the course of this year on news about tariffs as reflected in both market based and survey based measures.'
In June, the inflation rate rose to 2.7%, with the core inflation rate (excluding energy and food) at 2.9%. And we’re already seeing the impact on store shelves."
#Trump #tariffs #taxes #economy #groceries
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William Lindsey :toad:@wdlindsy@toad.social
A new AP/NORC poll found that 86% of Americans feel either major or minor anxiety about grocery prices. And the cost of housing isn’t too far behind.
Per The AP’s analysis:
'About half of all Americans say the cost of groceries is a 'major' source of stress in their life right now, while 33% say it’s a 'minor' source of stress, according to the poll from The Associated Press-NORC Center for Public Affairs Research. Only 14% say it’s not a source of stress….'"
#Trump #economy #groceries
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