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Featured Advisor



Asset Preservation Advisors




City:Atlanta

State: GA



BIOGRAPHY:
APA’s philosophy is to work closely with our clients to develop an in-depth understanding of their unique needs and objectives. We then customize a municipal bond portfolio that best meets their specific goals and needs. APA manages high quality municipal bond portfolios in four strategies: Short-Term, Intermediate-Term, High Income, and Taxable.

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Inflation Reaches 3.8 percent in August

Prices continue to rise with food and energy leading the way. Do we need to start worrying about inflation?

The Consumer Price Index, a commonly used measure of inflation, rose to 3.8 percent in August, a monthly increase of 0.4 percent, the Bureau of Labor Statistics reported today. 

Food prices showed their largest monthly increase since March, rising 0.5 percent from July to August. The gasoline index rose for the 12thtime in the last 14 months, leading to a 1.2 percent monthly increase in the energy index. In the last 12 months, the energy prices have increased 18.4 percent and food prices have grown by 4.6 percent.

 Prices, excluding food and energy, rose 0.2 percent in August with shelter and apparel making the biggest contributions to the hike. Year-over-year core prices have gone up by 2 percent.