Wolf Street points the finger.
Core services move the needle. They include housing costs, medical care, health insurance, auto insurance, tenant’s insurance, subscriptions; telephone, internet, and wireless services; lodging, rental cars, airline fares, education, movies, sports events, club memberships, water, sewer, trash collection, motor vehicle maintenance and repair, etc. And that’s where inflation re-accelerated sharply for the second month in a row.
Core services accelerated to 4.5% annualized in July from June (+0.36% not annualized), the worst in six months, and the second month in a row of sharp increases, and it wasn’t housing costs that did it (blue in the chart)....
That chart is at the link.
You pay less for gasoline but make up for it in internet cost and car-maintenance/repair cost.
3 comments:
Electric bill?
Duke Energy is raping us for Electricity in Cincinnati
Yes, electric bill. Wisconsin Electric--now owned by a Chicago-based conglom--has increased residential electric bills by about 20% in the last 2 years. That is largely due to their headlong rush into windmills and sun-catchers--and the closure of stable, economical, coal- and gas-fired plants.
Worship of the Green Goddess costs a hell of a lot, and YOU are going to pay it.
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