Would you consider a move to any of these states?
Inflation is almost impossible to escape nowadays, but some states are more affordable than others.CNBC’s exclusive America’s Top States for Business study ranks the states based on an index of prices for a broad range of goods and services.
Inflation is everywhere, and it is hitting just about everything we buy. With prices of goods and services around the world rising at rates not seen in 40 years, bargain hunting is a national pastime. The latest Consumer Price Index for June came inCompanies are hunting too — and in many cases moving their operations to places where their money, and that of their employees, goes further.
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Surging Gas Prices Likely Drove US Inflation to 40-Year HighU.S. inflation likely reached a new 40-year high in June, driven up by a spike in gas costs, more expensive food and rent, and pricier cars and hotel rooms. A government report Wednesday is expected to show that consumer prices soared 8.8% in June compared with a year earlier, according to data provide FactSet. That would be an increase from 8.6% in May and the biggest yearly rise since December 1981. Inflation at that level would make it highly likely the Federal Reserve will implement another large interest rate increase at its next meeting in two weeks. Higher rates are intended to cool consumer and business spending and slow the economy and inflation.
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US inflation surges again in June, raising risks for economySurging prices for gas, food and rent catapulted U.S. inflation to a new four-decade peak in June, further pressuring households and likely sealing the case for another large interest rate hike by the Federal Reserve, with higher borrowing costs to follow.
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