Another month of falling gas prices gave Americans’ wallets a bit of a reprieve in August. That sent consumers back to stores last month. The Census Bureau reported Thursday that a key measure of August US retail sales rose unexpectedly by 0.3% on a monthly basis, following a revised decrease of 0.4% in July. Retail sales, which are not adjusted for inflation, were up by 9.8% from a year ago. The continued decline in gas prices was reflected by a 4.
Backing out this volatile component, sales rose by 0.8% for the month. Persistently high food inflation showed up in a 0.2% increase in spending at grocery stores on a month-over-month basis. The strong reading, indicating a resilient consumer, is likely to give more ammunition to the Federal Reserve, which has been raising interest rates in a bid to tamp down the highest inflation in 40 years. Consumer prices in August rose by 8.
Its still more than a dollar higher than it was a year ago
Gas prices where I live went up 30 cents overnight.
Do Not act like this a great thing Biden has done!! He created the High prices n after midterms it will go bk up ! After our reserves are down to 20%!!! SMH
Wow, that's only $2.00 a gallon more than before Biden incredibly stupid policies
JOE BIDEN HAS BROUGHT AMERICA TO ITS KNEES USING THE FED BY ORDER OF THE ROTHSCHILDS. ALL GLOBALISTS PREPARING FOR CHINA TO TAKE OVER AFTER PLANET 9.
Gas is still double what it was when Biden canceled US energy independence on day one inflation is at 8.3% was 1.2% when Biden took office market are at or lower when Biden took office no growth don’t lie to us like things are good Democrat policies are only favoring the Rich
No thanks to biden , gas and fuel allways drops after summer , common sense demand will be down until winter comes and it will be heating oils turn to put the bite on you !
bs still too high
Thanks Brandon 🤝
Whathappens when strategic reserves are exhausted?
You believe this crap?
Butter is $6
fell from 1.90 to 3.39 thanks
Biden lying propaganda my dolphins 🐬 laughed the goats 🐐 shrugged and ate poison ivy It’s their comfort food similar to Mac and cheese
If fluctating gas prices have that large an effect on people being able to run basic errands, there is something seriously wrong with how our communities are laid out.
You have to be trying to 🤡 this hard. Anyone who celebrated this headline is a complete 🔧
Odd…. They are back up in OC Calif… THIS must be CNN standard fake news…
Gas is OVER $5.00 a gallon in California
How much will interest rate be raised in sep?
Oh bullshit... nobody is saving any money. Gas is still over a dollar more a gallon than when Biden took office. And inflation is still at a 40+ year high. How the hell do you tell these lies? How does Twitter allow the political lies to continue?
🤣😂
Not in California. Gas price is up.
Some states have higher gas taxes and they could give a crap about lowering prices
I think a good bit of it is pure greed.
They are normalizing revenues for the two year fall during Covid.
kkkorporate Greed, Pure evil GOP=GOG MAGA=MAGOG. GOP=GreedOverPeople EverExploitist, Systematic racist white supremacist,fascist, Occupier,Oppressor privilege capitalist policies, NeedMajorReform🙏Amen. Father God Help Us All, Deliver Us From evil GOP/GOG & MAGOG/MAGA, Amen.
Thank you Putin.
however, talking heads claim that a recession is underway. What form of recession sees rising expenditure and declining prices?
What are you guys come up with this shit
They shouldn’t have raised to begin with. It’s not we the people whose pockets get lined when Biden is gaslighting as a president
Only because of back to college and school spending .
How about those Biden Inflation Numbers! How High is High!
Grasping for straws aren’t you . In Biden and the Democrats America us middle-class people can’t even afford to eat out anymore ,thank you CNN and the left
Gas is still 2.50 a gallon higher than when Joe to office.
Kids going back to school. Happens every August.
Yes it’s true CNN Americans took a break from the grocery store as gas prices were too high. Breaking story from 12 months ago, both are too high and both caused by Biden. Only the Left…
Prices of food conti ues to rise. Get out of your gold plates houses and monitor store products. Reality check is what you need.
More lies to say the Biden admin!
Yeah and it’s all credit going towards Biden… But he wouldn’t take responsibility for the over pricing.
Just because you dont expect a rise in inflation, doesn't mean it's unexpected LOL, it just means you're out of touch and kind of incompetent.
I can’t believe I used to watch CNN. What a BS.
Called back to school meanwhile infation 8.3 but CNN will do anything to make Biden look decent
Price hasn’t gone down much by me.
What reprieve ? Electric went up.
The lower price is temporary. Biden tapped into our petroleum reserves just before the mid-terms. Wait till the end of the year.
Excellent example of how they distort, manipulate and even shamelessly lie to the public opinion, disguised as good a very bad news. The real scenario is stagflation and it will be worse. Media should be honest with the people and prepare them for this dramatic situation
its crazy how we aren't going to hold these companies accountable...
Too bad eggs went up .75c a dozen... hacks
Trying to buy votes!
You mean school started so families had to buy clothes and supplies.
Gas is still up $2 not down 50 cents
Retail sales not adjusted for inflation.....talk about gaslighting.
Are you guys smoking crack?
😆 ya ok, keep sending them illegals
Still not low enough!
Lmfao State sponsored media.
Still 4.76 and holding here.
Totally Bull Shit, where I live in Washington state gas was down to $3.79 but back up to $4.95 with diesel back up to $5.79. What happen to the Truth at NYT
WOW!!!!!!!! 0.3%!!!!!!! 🙄🙄 spin downplay
Are you kidding? Everything else went up dramatically. Propaganda
This is satire correct?
I think you have stop and ask why does a chicken egg cost more today? Did chickens get a raise
Another prime example of why no one watches CNN … such bullshit spin 🙄
CNN carrying that Biden water.
Consumer spending always rises in August. Vacations, back to school supplies and clothing……
Check out cnn cheerleaders for the failed, incompetent Biden administration, and we are the ones that have to suffer for it all.
More LIES! Prices still double 2019! Fire, Remove all democrats from office NOW! Jail Biden!
More
Sales were only up because of prices you boobs!
0.3? Is this the 'breathing room' the unelected Alzheimer's promised? Personally I'm doing quite fine but lots of people aren't.
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