Food, Energy Prices on the Rise
Black Enterprise Magazine September/October 2018 Issue

Despite the recent positive jobs numbers, the U.S. economy is not out of the woods just yet. The latest Consumer Price Index numbers show a continued increase in food and energy prices.

Consumer prices rose above the 0.5 percent expectations, to 0.6 percent in September, according to the index. The year-to-date reading was a solid 2.0 percent, which is just slightly more than the 1.9 percent expectation.

The trend is expected to continue in the coming months, according to a recent report from BusinessInsider.com.

The numbers aren’t dire, but since consumer wages haven’t kept up the pace of growth, the numbers could continue to hurt consumer pockets at the gas pump and at the grocery store.

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