From the story: Notably, the “core” CPI that strips out volatile energy and food prices increased 0.3% in July and 4.3% over the last 12 months. Prices last month rose for most goods and services including toys (0.4%), pet products (1.4%) and haircuts (2.2%). Rents climbed (0.4%) and have been accelerating. Food prices surged 0.7% while restaurant meals rose 0.8%, the most since 1981. None of this is any surprise to Americans who have visited a supermarket or eaten out lately. Labor costs are rising as businesses have to raise wages to attract workers who can make more unemployed. The result: Higher prices (WSJ).
As Democrats want to continue to see spending skyrocket, they’ll need some Republicans on their side to get that debt ceiling raised (Daily Wire).
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