Inflation, as determined by how much we consumers pay for the stuff we buy, is only up 1.7% from this time last year. That’s well under the 2.0% target that regulators are hoping for and should help keep rates in the same range. It’s the slowest consumer price growth in almost a year and is due in large part to the cheap cost of fuel. The total receipts received from retail stores across the country dropped -0.2% last month, which is not all that alarming, considering that most people are spending their paychecks on summer vacations.
Speaking of summer vacations, it’s also prime moving season while the kids are out of school. My kids start back up in only five weeks. So if you’ve been putting off selling to get a few projects done, you are burning daylight–as it were (now that the days are getting shorter).