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ABIGAIL REPORTS's avatar

Inflation rises to 2.2% for first time this year in blow to interest rate cut next month. Rise likely spells end for any hopes for further rate cut in September

https://www.independent.co.uk/news/business/inflation-bank-of-england-interest-rates-cut-b2596050.html

Egg prices continue to soar by nearly 20%, new inflation data shows

https://abcnews.go.com/amp/GMA/Food/egg-prices-continue-soar-20-new-inflation-data/story?id=112833521

Slow and steady may win the race for a tortoise vs. a hare, according to Aesop's Fables. However, in reality, this turn of phrase does not ring true when applied to the gradual climb of consumer prices, especially with the latest exorbitant cost increases on items like eggs. Egg prices soar nearly 20% since last year. EGGS, MEAT, CEREAL, BREAD AND MILK. HAVE TOO.

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Consumer prices rise in latest federal inflation data

https://www.thecentersquare.com/national/article_1d9cd698-5a3b-11ef-8ad8-f3388d5507a4.html

Inflation has slowed significantly since its peak increase earlier in the Biden-Harris administration, but prices still remain elevated.

The latest CPI increase comes after a 0.1% decrease in June. BLS said that shelter cost increases accounted for 90% of the increase.

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