Inflation fell every month for a year, but in July that trend ended with housing prices rising along with the prices for oil and gas.
WSJ’s Dion Rabouin digs into August’s CPI inflation report and explains what’s really happening with prices.
Photo: Stefani Reynolds/Agence France-Presse/Getty ImagesRising diesel prices are inflating the bills Brett McMahon is getting from the companies that truck in the plywood, rebar and other supplies his concrete-contracting business needs.
Asking his clients to renegotiate contracts to ease that pain, he said, has been “hit or miss.”
Persons:
Dion Rabouin, Stefani Reynolds, Brett McMahon, ”
Organizations:
Agence France