Groceries got pricier in July

August 11, 2022

Grocery inflation remained high in July with consumers paying 13.1 percent more for food at home than they did in the same month last year. Prices were up 1.1 percent compared to June, according to the U.S. Bureau of Labor Statistics.

Recent News

China’s Property Market Boost: Stocks Surge, Copper Hits Highs

The Chinese government unveiled a comprehensive support package that has sent ripples through financial markets. This initiative includes a slew of measures aimed at stimulating housing demand and addressing the excess inventory burdening developers. The immediate impact was a significant rally in Chinese stocks and a surge in commodity prices, notably copper, which hit record highs.