Is inflation slowing in the US?
Surprisingly, the slowdown in inflation comes at a time when wages are still moving up. Monthly US wages rose by 0.8% in July versus 0.6% in June, according to the new data. This may be a sign that despite the slowdown in some industries, employers are still having to offer higher wages to attract workers.
What are the effects of inflation on consumers?
One result of inflation is that consumers have less purchasing power. If consumers are paying more for basic necessities like food, gas, or housing, then there is less money for them to save or to spend on other items like concert tickets, dinners out, and general goods and services.
How does inflation affect cannabis demand?
some part-time consumers may reduce spending towards cannabis, the impact to the overall revenues is minimal. Therefore, cannabis demand is not significantly impacted by general U. S. inflation. This idea is consistent with the research Whitney Economics published on the impact of the pandemic on cannabis demand,
Is inflation at its peak?
The personal consumption measure—adjusted for inflation—rose by only 0.2% in July, compared to a 0.7% jump in June. The new data add to other evidence that inflation may have reached its peak.