NJ Spotlight News
Business Report: Inflation rising
Clip: 9/13/2022 | 3m 7sVideo has Closed Captions
August inflation report prompts early Wall Street sell-off
Tuesday’s inflation report prompted an early sell-off on Wall Street. The consumer price index rose in August, with food, shelter and medical costs all increasing last month. Over the past year, inflation has increased by 8.3%. Economists thought inflation would drop in August because gas prices have been falling. But falling gas prices were offset by the rising costs of so many other goods.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS
NJ Spotlight News
Business Report: Inflation rising
Clip: 9/13/2022 | 3m 7sVideo has Closed Captions
Tuesday’s inflation report prompted an early sell-off on Wall Street. The consumer price index rose in August, with food, shelter and medical costs all increasing last month. Over the past year, inflation has increased by 8.3%. Economists thought inflation would drop in August because gas prices have been falling. But falling gas prices were offset by the rising costs of so many other goods.
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NJ Spotlight News is a local public television program presented by THIRTEEN PBS