Inflation eases a bit, a rent ’emergency’ and top financial news for August 10

Inflation eases a bit, a rent 'emergency' and top financial news for August 10

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It’s National Lazy Day, a day set aside for doing absolutely nothing, but here you are. Might as well give today’s major financial stories a look…then you can be lazy again. You’ve earned it.

The big upside: Inflation cooled slightly in July due to lower gas prices

Finally, inflation began to cool in July, giving analysts and investors a small sense of reassurance. The Consumer Price Index (CPI) report showed that the index for all items for the 12 months to July fell to 8.5%, driven largely by falling prices in gas

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Rent Spotlight: Tenant unions want Biden to declare state of emergency

A coalition of tenant unions, community organizations and legal groups is calling on the Biden administration to take more action to fight rent inflation, which they call a “national emergency.”

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This is interesting: eating out continues to be more expensive

Despite encouraging signs of a lower inflation rate overall and recent falls in gas prices, some indices remained elevated, such as food. The overall CPI for food increased by 10.9% over the past year. This is the biggest 12-month increase since the index period ended in May 1979.

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Bonus: 6 Ways to Use Your Home to Your Monetary Advantage

Home is where the heart is, but it’s also where the money is. Even as rents and mortgages rise, there are unique ways to do so make some extra money out of your living space.

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This article originally appeared on Go to the knowledge: Inflation eases a bit, a rental ’emergency’ and the best financial news of August 10


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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!