Inflation Rises Sharply in June

By: Aaron Luna Email
By: Aaron Luna Email

Consumer prices made a sharp jump last month rising 1.1 percent, the biggest increase since September of 2005. With consumer earning power down and inflation up many people are looking for ways to save a few dollars. With a close to one percent drop in earnings combined with a 6.6 percent increase in energy costs consumer prices rose at the second fastest pace in 26 years.
The brunt of that cost lay at the feet of energy prices. Even with a strong economy here in Grand Junction consumers are still be weary.

With an increase in core inflation airline ticket prices took a 4.5 percent jump the biggest rise since June of 2001. And while Congress contemplates a second stimulus package consumers look for ways to save some coin.

while rising inflation along with weak growth loom over a slowing economy consumers look for ways to escape the pinch of rising prices and dropping earnings.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKCO NBC 11 News
2531 Blichmann Avenue
Grand Junction, CO 81505

Station Phone: 970.243.1111
Business Fax: 970.243.1770
Newsroom Fax: 970.245.3793
News Tip & Contest Line: 970.255.8477
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 25524174 - nbc11news.com/a?a=25524174
Gray Television, Inc.