this post was submitted on 11 Aug 2023
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US inflation cooling as consumer prices rise moderately again (www.reuters.com)
submitted 1 year ago by [email protected] to c/[email protected]
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Higher rents were mostly offset by declining costs of goods such as motor vehicles and furniture.

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[โ€“] [email protected] 2 points 1 year ago (1 children)

That's the point.

Nobody can afford these goods, prices are falling.

[โ€“] [email protected] 5 points 1 year ago

Well, that's not a good thing. It means people are teetering on the brink of poverty, aren't spending on anything but bare necessities, and that's going to cause a major recession and put a buttload more people on the street.