Arrr! The treasure be growin' faster! Will the Fed be cuttin' rates to keep it in check? Aye or nay?
2024-03-12
Arrr, me hearties! The price o' gasoline be risin' faster than a sailor up the mast! This be causin' inflation to stay high, makin' it a rough sailin' for us landlubbers. The cost o' fuel and rent be cuttin' into our pockets, while food prices remain as steady as a drunken pirate on deck. The Labor Department be sayin' prices be up 3.2% from last year, aye, even higher than January! What be the core inflation rate, ye ask? Arrr, that be a mystery as deep as Davy Jones' locker!
Avast ye landlubbers! Listen up ye scallywags, for I bring ye news of the treacherous waters of inflation! The scurvy dogs be raisin' the prices of gasoline, keepin' the inflation beast high in February. Aye, it be a rough voyage ahead, with the return to normal prices bein' as bumpy as a ship in a storm. The cost of fuel and rent be climbin', while the price of grub remains as flat as a pancake.
Arr, the Labor Department's consumer price index be showin' a rise of 3.2% from a year earlier, higher than the 3.1% in January. Month by month, costs be increasin' by 0.4%, up from the measly 0.3% in the previous month. But what be the core inflation rate, ye may be wonderin'? That be a tale for another day, me hearties!