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June’s consumer price index projection hits 8.8 percent

June’s consumer price index projection hits 8.8 percent

We should be glad we live in Hidalgo County, which is still named one of the most economical places to live in both the state and the U.S. (Source: bestplaces. net.)Why? Because according to the median forecast of economists surveyed by Bloomberg, the U.S. consumer price index (CPI) for June is projected to hit 8.8 percent. Meaning, that for most things purchased last month, you would have paid almost 9 percent more than you did during the same period last year.Ouch. The official index should be released this week.According to the same Bloomberg story published Tuesday, the 8.8-percent increase represents ...

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