{"id":2031210,"date":"2023-09-13T21:42:02","date_gmt":"2023-09-14T01:42:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/august-annual-inflation-increased-to-3-7-while-income-falls-and-poverty-rises\/"},"modified":"2023-09-13T21:44:01","modified_gmt":"2023-09-14T01:44:01","slug":"august-annual-inflation-increased-to-3-7-while-income-falls-and-poverty-rises","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/august-annual-inflation-increased-to-3-7-while-income-falls-and-poverty-rises\/","title":{"rendered":"August saw a 3.7% rise in annual inflation, coupled with falling income and increasing poverty."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Faugust-annual-inflation-increased-to-3-7-while-income-falls-and-poverty-rises%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2031210&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>OAN\u2019s <a href=\"https:\/\/www.oann.com\/tag\/alicia-summers\">Alicia\u200d Summers<\/a><br \/>6:35 PM \u2013 Wednesday, September 13, 2023<\/p>\n<p><h2>August Inflation\u2063 Rises to 3.7%<\/h2>\n<\/p>\n<p>According \u200cto the U.S. Bureau of Labor Statistics, the August annual inflation rate has increased\u200d to 3.7% based on\u2063 the CPI report. This indicates a rise in \u2062prices\u2064 for goods and services across the\u2062 country.<\/p>\n<p><h3>Economic Challenges<\/h3>\n<\/p>\n<ul>\n<li>Income fell, and poverty rose, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/august-annual-inflation-increased-to-3-7-while-income-falls-and-poverty-rises\/\" title=\"August saw a 3.7% rise in annual inflation, coupled with falling income and increasing poverty.\">reflecting economic challenges stemming<\/a> from the end of pandemic-era programs necessitated \u2063by extended lockdowns.<\/li>\n<li>Child poverty \u200dmore than \u200cdoubled.<\/li>\n<li>Overall poverty rate increased to 12.4%. It was 10.5%\u2064 in 2019\u200b and 12.7% in 2016.<\/li>\n<li>Median\u200d household\u2063 income dropped about 2.3%.<\/li>\n<\/ul>\n<p>Tony\u200c Drake, Drake &#038;\u200b Associates joins OAN\u2019s \u2062Alicia Summers.<\/p>\n<figure class=\"wp-block-video\"><video controls src=\"https:\/\/d1cc0p6j4uj4n9.cloudfront.net\/e0f291fc-bdbb-441c-9c98-7701c534d262\/mp4\/f8a39f5e-1f48-42b5-b477-5f82322389f3_Mp4_Avc_Aac_16x9_1280x720p_30Hz_3.5Mbps_qvbr.mp4\"><\/video><\/figure>\n<p>Stay informed! Receive breaking news blasts directly to your\u2062 inbox for free. Subscribe here. <a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-2\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-2'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Parental Notification Policy Sparks \u200cLegal Showdown<\/h2>\n<\/p>\n<p>In\u200b a legal \u200bshowdown, California\u2019s Attorney General and the Chino Valley School Board are clashing over a\u2063 <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dem-governor-failing-to-notify-parents-when-their-child-changes-gender-is-the-american-way\/\" title=\"Governor: Not informing parents about child's gender change is 'American way'\">parental notification policy<\/a>.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>GOP Lawmakers Support Biden Impeachment Inquiry<\/h2>\n<\/p>\n<p>GOP lawmakers appear to agree with the\u2064 House Speaker\u2019s decision that \u2062enough evidence exists to proceed\u2064 with a Biden impeachment inquiry.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>Free \u2063Shipping Offered to \u200dNew \u2064Mexico \u200cCustomers<\/h2>\n<\/p>\n<p>A Michigan-based ammunition manufacturer \u2063is offering free shipping\u2064 to\u200b New Mexico-based customers after the state\u2019s governor temporarily suspended both open and concealed carry laws in certain areas of the state.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>European Commission Investigates Tariffs on Automakers<\/h2>\n<\/p>\n<p>LONDON (Reuters) -The European Commission launched an investigation on Wednesday into whether to impose punitive tariffs to protect European Union automakers \u2062against\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>ABB Invests in New Robotics Factory<\/h2>\n<\/p>\n<p>By \u200bJohn Revill ZURICH (Reuters) \u2063\u2013\u200b ABB is spending\u2063 $280 million on a new\u200b robotics factory \u200bin Sweden, the\u200c Swiss engineering \u200dand\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>EU Launches Anti-Subsidy Investigation on Chinese Electric Vehicles<\/h2>\n<\/p>\n<p>PARIS (Reuters) \u2013 French Europe Minister Laurence Boon on Wednesday welcomed \u200dan <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/reactions-to-eu-probe-of-chinese-electric-cars-imports\/\" title=\"EU probe of Chinese electric cars imports sparks mixed reactions.\">anti-subsidy investigation<\/a> into Chinese electric vehicles launched by the EU\u2026 <\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><h2>iPhone 12 Certified \u2063by Multiple International Standards<\/h2>\n<\/p>\n<p>By \u2062Mathieu Rosemain \u200cand Silvia \u2063Aloisi \u200bPARIS (Reuters) \u2013\u2063 Apple said\u2063 on Wednesday its iPhone 12\u2063 model was certified\u200b by multiple international\u2026 <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>OAN&#8217;s Alicia Summers reports that the August annual inflation has risen to 3.7%, as stated by the U.S. Bureau of Labor Statistics&#8217; CPI report. The U.S. Census Bureau reveals that from 2021 to 2022, income decreased and poverty increased due to economic difficulties caused by the conclusion of pandemic-related programs resulting from prolonged lockdowns.<\/p>\n","protected":false},"author":1753,"featured_media":2031211,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2031210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2031210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1753"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2031210"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2031210\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2031211"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2031210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2031210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2031210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}