Inflation has cooled to the slowest pace since 2021, notes Grumpy Editor.
Consumer prices rose three percent in the 12 months through June, the smallest increase since March, 2021, according to Consumer Price Index data.
That reflects milder price gains for many goods, including meat, fish and dairy.
Meanwhile, airline fares fell eight percent, used car price tags ticked down 0.5 percent while new car stickers were flat.
IN CASE YOUR FAVORITE NEWS OUTLETS MISSED THESE…
HOTTEST JUNE FOR EARTH. Earth experienced its Hottest June, according to the National Oceanic and Atmospheric Adminsitration. June’s 61.79 degrees global average was 1.89 degrees above the 20th century average. Behind the increase, say scientists, are greenhouse gas emissions and El Nino.
LESS CONFIDENCE IN HIGHER EDUCATION. All major demographic groups are less confident in Higher Education than they were just a few years ago, according to a Gallup poll. Experts say it’s a new sign of cratering trust in institutions, and of the culture wars' impact beyond politics.
BELL CANADA DUMPS 1,300 JOBS. Bell Canada, parent company of CTV News, terminates 1,300 jobs which impact management, production, editorial, operations, sales and marketing, administrative and clerical jobs.
NORTH KOREA FIRES ANOTHER MISSILE. North Korea is busy again with missiles, firing its first intercontinental missile in three months after threatening “shocking” consequences to protest what it calls provocative U.S. reconnaissance activity near its territory.
N.Y. TIMES ENDS SPORTS DESK. The New York Times is dismantling its Sports Desk and will rely on the Athletic for its daily sports coverage. The Times acquired The Atlantic website last year for $550 million. Current sports staff is offered other roles in The Times newsroom.
U.S. NAVY SHORT ON SUBMARINES. Delays at naval shipyards caused by supply-chain issues and not enough workers have put nearly 40 percent of U.S. Navy attack submarines out of commission, according to Congressional Research Service. The Navy prefers only about 20 percent of submarines be in depot maintenance at any time.
WORLD’S LARGEST CRUISE SHIP SOON TO SAIL. Ready to sail early next year, Icon of the Seas measures 1,198 feet long with 250,800 gross tonnage and is capable of carrying 7,600 passengers and 2,350 crew members. It contains 20 decks, seven pools and six waterslides.
