August saw a 3.7% rise in annual inflation, coupled with falling income and increasing poverty.
OAN’s Alicia Summers
6:35 PM – Wednesday, September 13, 2023
August Inflation Rises to 3.7%
According to the U.S. Bureau of Labor Statistics, the August annual inflation rate has increased to 3.7% based on the CPI report. This indicates a rise in prices for goods and services across the country.
Economic Challenges
- Income fell, and poverty rose, reflecting economic challenges stemming from the end of pandemic-era programs necessitated by extended lockdowns.
- Child poverty more than doubled.
- Overall poverty rate increased to 12.4%. It was 10.5% in 2019 and 12.7% in 2016.
- Median household income dropped about 2.3%.
Tony Drake, Drake & Associates joins OAN’s Alicia Summers.
Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. https://www.oann.com/alerts
Parental Notification Policy Sparks Legal Showdown
In a legal showdown, California’s Attorney General and the Chino Valley School Board are clashing over a parental notification policy.
GOP Lawmakers Support Biden Impeachment Inquiry
GOP lawmakers appear to agree with the House Speaker’s decision that enough evidence exists to proceed with a Biden impeachment inquiry.
Free Shipping Offered to New Mexico Customers
A Michigan-based ammunition manufacturer is offering free shipping to New Mexico-based customers after the state’s governor temporarily suspended both open and concealed carry laws in certain areas of the state.
European Commission Investigates Tariffs on Automakers
LONDON (Reuters) -The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union automakers against…
ABB Invests in New Robotics Factory
By John Revill ZURICH (Reuters) – ABB is spending $280 million on a new robotics factory in Sweden, the Swiss engineering and…
EU Launches Anti-Subsidy Investigation on Chinese Electric Vehicles
PARIS (Reuters) – French Europe Minister Laurence Boon on Wednesday welcomed an anti-subsidy investigation into Chinese electric vehicles launched by the EU…
iPhone 12 Certified by Multiple International Standards
By Mathieu Rosemain and Silvia Aloisi PARIS (Reuters) – Apple said on Wednesday its iPhone 12 model was certified by multiple international…
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...