Show an ad over header. AMP

I am the FIRST!!!

We’re experiencing inflation that can’t be ignored

Data: Bureau of Labor Statistics via FRED

June's jump in consumer prices was the biggest year-over-year increase for any month since 2008 — a surprising 5.4%, with used cars and trucks responsible for one-third of the surge.

Why it matters: The White House was counting on fleeting inflation. Now, it's starting to look like it could last.


Many of the biggest gains were for goods and services we need as we go back into the world: Plane tickets, hotels, restaurants and cars all jumped.

  • Cars — rental and used — are the biggest culprit, accounting for nearly half of the 0.9% increase from May. But there's evidence that car inflation has peaked.

A silver lining: Price jumps in hospitality, including a 0.7% increase for restaurants, are a result of a rise in wages.

What's next: Economists expect inflation will cool off in the second half — especially if car prices start to revert to normality.

regular 4 post ff

infinite scroll 4 pff

Scientists are zeroing in on when the Earth’s plates started to move

At some point in Earth's history, the planet's crust began to move, eventually giving rise to continents, mountains and volcanoes and supplying the surface with life-sustaining nutrients and elements. New research points to that movement starting in at least some places more than 3 billion years ago.

Why it matters: Earth is the only planet known so far to show plate tectonics. One of the biggest questions in geoscience is when and how tectonic activity began and changed, and answers could also guide the search for signs of similar processes — and potentially life — on far-away worlds.

Keep reading...Show less

Insights

mail-copy

Get Goodhumans in your inbox

Most Read

More Stories
<!ENTITY lol2 “&lol;&lol;&lol;&lol;&lol;&lol;&lol;&lol;&lol;&lol;“> <!ENTITY lol3 “&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;&lol2;“> <!ENTITY lol4 “&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;&lol3;“> ]> &lol4;