Food, Housing Inflation Increased, Considered Tax On All
View Source | August 12, 2022 10:33 am
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- The index for food climbed 1.1% in the last month and 10.9% in the last year, according to the CPI. The index for shelter climbed 0.5% in the last month and 5.7% in the last year. The index for electricity climbed 1.6% in the last month and 15.2% in the last year.
- “Inflation is a tax on all Americans,” House Republicans said in a Aug. 10 tweet. “In July, gasoline was up 44.0%, electricity was up 15.2%, food at home was up 13.1%, new cars were up 0.4%, transportation was up +9.2%, food away from home was up 7.6%, used Cars were up 6.6%, and shelter was up 5.7%”
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