Today in Data: Costs Keep Climbing

Today in data, costs for things such as cars and food continue to rise, as does the number of people struggling to pay their bills.

Data

$45,844: Average transaction price for a new car in June, the highest on record

11%: Increase in food prices in May, according to the Bureau of Economic Activity (BEA)

4 in 10: Share of American consumers who live paycheck to paycheck and have trouble paying bills, up from ⅓ of consumers in that category last year

0.4%: Decline in personal expenditures in May (adjusted for inflation)