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While gas prices are down from a year ago theyve rising in recent weeks. How are americans dealing with it. Welcome everyone. Im charles for neil cavuto. We have Team Coverage from New York City on shoppers feeling the pinch. How this is going to play on the Campaign Trail. Its Consumer Price index report shows prices increased 3. 2 percent over last year, just slightly below expectations. 2 10 percent month over month suggesting inflation is not resurging some calling this report encouraging news but the numbers show how Consumer Wallets Con to be stretched. You can see here charles that cost for shelter up 7. 7 percent over last year. New vehicles up in price 3. 5 percent. Food prices higherpy 4. 9 percen ....
Percent. food prices higherpy 4.9 percent. basics popping, white bread 10.7 percent higher than last year, cereal bakery products up 7 percent, apples up 7.5 percent. even this slow down we have seen inflation from nine to three is of no benefit to the consumer. that just means the price of everything they re buying has gone up slightly slower than it was before. they re still really being squeezed hard and we are seeing that in so many areas. areas like credit card spending, debt just topped one trillion dollars for the first time on record and americans are pulling money out of 401 (k) accounts on hardship withdrawals. 15,950 second quarter. a 12 percent increase over the ....