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Economic Times
7 hours ago
- Business
- Economic Times
US core inflation heats up in July amid Trump tariffs: Prices at your nearest grocery stores to increase?
Synopsis US inflation remained steady at 2.7% in July, but core inflation rose to 3.1%, exceeding expectations. Increased prices for takeout, used cars, housing, and medical care contributed to the rise. While energy prices declined, Trump's tariffs are beginning to impact consumer costs, with businesses potentially passing these expenses onto consumers. TIL Creatives The Consumer Price Index (CPI) rose 2.7% in July compared to the year before, remaining flat from June, the Labor Department said Tuesday The annual inflation rate held steady in July as US President Donald Trump's tariffs had less of an impact on consumer prices than forecasters expected. However, the US prices continued to increase in July, according to key economic data released on Tuesday. This comes at a time as Trump's international tariffs shakeup started to impact consumer costs. The Consumer Price Index (CPI) rose 2.7% in July compared to the year before, remaining flat from June, the Labor Department said Tuesday. But core CPI – which strips out volatile food and energy prices – heated up to 3.1% year-over-year. That's above expectations of a 3% pace and higher than its 2.9% reading from June. Prices for takeout and restaurants jumped up 3.9% over the last year, pushing up overall food prices by 2.9%. Prices for used cars, housing and medical care also jumped up higher than the overall energy prices were down 1.6% for the year, what probably stabilized the overall pace of inflation. ALSO READ: Jessica Radcliffe viral video: Creepy recording of orcas imitating human speech leave people terrified According to Guardian, the report is the latest to show that the US economy is experiencing some turbulence from Trump's unparalleled shakeup of US trading policy. 'We have seen moderate inflation over the last year … certainly, prices are not going up nearly as quickly as they were a few years ago,' Gus Faucher, senior vice president and chief economist at PNC Financial Services Group, told CNN in an interview. 'But I do think that consumers are going to start seeing more price increases at the grocery store, at Amazon, things like that.' 'Consumers are going to start to feel a little more stretched over the next few months as we see more of the impact of tariffs passed through from businesses to consumers,' he added. ALSO READ: Social Security payments worth up to $5,108 coming out tomorrow as SSA announces major change: Why benefit amounts might vary? Apart from the 10% universal tariff on all imports, Trump has set higher tariffs for dozens of countries, including the US's top trading partners. Though most of these tariffs went into effect in August, Trump's 10% universal tariff, along with higher tariffs on certain industries like steel and aluminum, have been in effect since the say that it takes time for tariffs to show up in consumer prices. Major companies have warned of incoming price hikes on everything from luxury cars to everyday goods like toilet paper and razors due to multi-million and even billion-dollar tariff impacts. ALSO READ: Why should you install iOS 18.6 update on your device? Here's what Apple says you must do ASAP Some retailers initially boosted their inventories to cushion the blow of tariffs and maintain stable prices. However, the recent surge in prices indicates that businesses have begun passing these costs on to consumers — just as executives from companies like Walmart, Nike, and Macy's had months, US businesses have been bearing the brunt of Trump's tariffs – taking around 64% of the hit, Goldman Sachs economists said in a report this week. But July's data signals that these firms may have reached a point of no return where they are forced to pass additional tax costs along to the consumer in the form of price hikes.
Economic Times
a day ago
- Business
- Economic Times
In 2019, Rs 50K was gold and now it can't pay rent: CA explains why most are struggling, not 'surviving' in urban cities
Synopsis Chartered Accountant Nitin Kaushik has warned that in 2025, earning less than Rs 50,000 a month in metros like Bengaluru, Mumbai, or Pune means barely covering basic expenses. He says rent alone swallows 40-60% of income, with essentials and lifestyle costs doubling in three years. Bengaluru's prime-area rents have surged up to 100% since 2022. Kaushik estimates singles need Rs 20-30 lakh annually for comfort, families Rs 40-50 lakh. Even Rs 1 lakh earners struggle, prompting his call for upskilling, smart budgeting, and early investment. TIL Creatives Representative AI Image Living in India's largest cities has become a battle to stay afloat. Chartered Accountant Nitin Kaushik says that in 2025, a monthly income below Rs 50,000 in Bengaluru, Mumbai, or Pune means 'barely breaking even' rather than on X, he warned that rents alone consume 40-60% of many urban salaries. Add transport, food, and utilities, and there is little left over. 'Living in a metro today without a strong salary equals financial pressure 24x7,' Kaushik wrote. — Finance_Bareek (@Finance_Bareek) Bengaluru, long considered India's tech capital, has seen one of the sharpest rent hikes. Kaushik pointed out that in prime neighbourhoods, one-bedroom flats that cost around Rs 18,000 a month in early 2022 now exceed Rs 30,000. That is an increase of 70-100%.He linked the rise to several factors — the return to office after COVID, a wave of job relocations, and growing real estate demand from NRIs and investors. Kaushik also highlighted that the price of essentials such as food, energy, and transport has stayed high. Combined with lifestyle spending, this has made metro living nearly twice as expensive as it was just three years ago. For those hoping to live comfortably, Kaushik estimates that in 2025, a single person in Bengaluru would need a CTC of Rs 20-30 lakh a year. For a family with one child, that figure rises to Rs 40-50 lakh, which he says would cover good housing, schooling, leisure, and savings. Kaushik warned that even households earning Rs 1 lakh a month are often stuck living paycheck to paycheck due to lifestyle expenses. His advice is direct: upskill to increase income, manage rent and commuting costs, start investing early, and look beyond headline salaries to focus on take-home pay after adjusting for living summed up the shift bluntly: 'Your Rs 50K/month in 2019 was gold. In 2025, it barely pays rent.'
Economic Times
3 days ago
- Entertainment
- Economic Times
NYT Mini Crossword Hints Answers Today, August 9, 2025: Clues and solutions for puzzle
Synopsis NYT Mini Crossword Hints Answers Today, August 9, 2025 is here with clues and solutions for puzzle. The New York Times Mini Crossword offers a quick puzzle-solving experience with just a few clues. Here are all the clues and answers for August 9, 2025, along with details about the puzzle format, tips for solving it, and reasons why it has become popular among players. TIL Creatives NYT Mini Crossword Hints Answers Today, August 9, 2025 is available with clues and solutions for puzzle. NYT Mini Crossword Hints Answers Today, August 9, 2025 is available with clues and solutions for puzzle. The New York Times Mini Crossword is a compact puzzle designed for quick solving. On August 9, 2025, it featured clues from everyday life, pop culture, and language. 1 Across – Warm and friendly personality (Starts with 'A')8 Across – Having an exaggerated sense of importance (Starts with 'P')9 Across – Soft accessories used by cheerleaders (Starts with 'P')10 Across – Barely manage to earn a living (Starts with 'E')11 Across – Note meaning 'decision pending' on a schedule (Starts with 'T')12 Across – Radio time given to a song (Starts with 'A') 14 Across – The smaller of two bad choices (Starts with 'L') 15 Across – Main ingredient in pancake batter (Starts with 'E')1 Down – Request to reverse a court decision (Starts with 'A')2 Down – Last name of Dodgers outfielder Betts (Starts with 'M')3 Down – Fully involve or engage oneself (Starts with 'I')4 Down – Downloadable program for a smartphone (Starts with 'A')5 Down – Unauthorized or illegal copy (Starts with 'B')6 Down – Support for the lower back (Starts with 'L')7 Down – Written work for an English class (Starts with 'E')13 Down – French football club that won the 2025 Champions League (Starts with 'P') 1 Across – AMIABLE (Friendly and pleasant) 8 Across – POMPOUS (Irritatingly self-important) 9 Across – POMPOMS (Cheerleaders' fluffy hand props)10 Across – EKE (Barely ___ out a living) 11 Across – TBA ('We haven't decided yet' on schedules) 12 Across – AIRPLAY (Radio exposure for a song)14 Across – LESSER (__ of two evils)15 Across – EGG (Pancake mix ingredient)1 Down – APPEAL (Challenge to a court ruling)2 Down – MOOKIE (Dodgers slugger Betts)3 Down – IMMERSE (Deeply involve oneself in something)4 Down – APP (Smartphone download)5 Down – BOOTLEG (Illegal copy)6 Down – LUMBAR (Type of support for the lower back)7 Down – ESSAY (English class assignment)13 Down – PSG (French football club, 2025 Champions League winner)The NYT Mini Crossword is a small-scale version of the traditional crossword puzzle, often with a 5x5 grid. It is intended to be solved in just a few minutes, unlike the full crossword which can take much longer. Clues come from a variety of subjects, including pop culture, language, history, and format allows for quick play while still offering a satisfying challenge. Many players complete the Mini as a daily routine. Begin with the clues you know to quickly fill parts of the grid. Use intersecting letters from completed answers to help solve tougher clues. Be ready for wordplay or indirect meanings. Look for subtle connections between clues, as some puzzles include themes. The Mini Crossword's popularity comes from its quick playtime, ease of access, and challenging yet approachable clues. It appeals to both casual solvers and experienced crossword play can help improve vocabulary, pattern recognition, and problem-solving skills. The game also encourages consistency, with many players aiming to maintain long solving streaks. What is the NYT Mini Crossword? The NYT Mini Crossword is a 5x5 puzzle designed to be completed in minutes, offering quick clues and answers from various topics. How do I get better at solving the NYT Mini Crossword? Start with easy clues, use letter intersections, and look for recurring themes to improve solving speed and accuracy.
Economic Times
4 days ago
- Entertainment
- Economic Times
Lion's Gate Portal is official in gear: Life-changing effects on every zodiac sign in 2025 revealed
TIL Creatives Considered one of the most powerful astrological events of the year, the Lion's Gate Portal has reached its peak today. The Lion's Gate Portal is officially in gear marking the most magnificent time of the summer as it allows us to set hopes and visions for the future. Occurring every year, the Lion's Gate Portal takes place when the star Sirius aligns with the Sun in Leo, which is believed to be 'an extremely lucky time to make dreams come true,' astrologer Lisa Stardust told one of the most powerful astrological events of the year, the Lion's Gate Portal has reached its peak today. On this auspicious day, a cosmic gateway opens, believed to accelerate spiritual growth, abundance, and numerology, 8/8 carries the vibration of infinity, balance, and karmic alignment. The doubled '8' is seen as a symbol of amplified energy, making it an ideal day to set intentions, release blockages, and call in your highest desires. ALSO READ: $1,702 stimulus check in August: Last chance to apply for PDF closes soon. Check key dates, eligibility, tax implication The cosmic event is believed to be a great time for manifesting, as the star Sirius is extremely lucky. In astrology, manifesting is all about making your visions a reality through affirmations or by setting intentions. This year, the Lion's Gate Portal will be very dynamic and unique as it will be very dynamic and unique as it will reach its pinnacle on Aug. 8, the day before the monthly full moon. This means that we will have a lot of opportunities to create the world we want to live in and make our dreams come true. On August 8, the Lion's Gate Portal peaks, as the determined and lucky star Sirius is at its brightest. The portal remains open from July 28 to August 12, coinciding with the hottest period of summer, known as the dog days during Leo season. The peak moment of the portal's opening is August 8, marking the midpoint of summer. Each zodiac sign will be impacted in its own, unique way. Read on for your Lion's Gate Portal horoscope, backed by expert astrologers. Aries: Aries should use the Lion's Gate Portal as a time to dip into your innate talents. Your creative senses are opening, allowing you to lean into your artistry. You may have insights that heighten your abilities and confidence, Aries. With your can-do attitude, there is nothing you can't achieve as the sky is limit for you. Taurus: Taurus, a distinctive professional opportunity invites you to consider shifting your career path and exploring a new direction. While stepping into an unfamiliar role may feel challenging at first, you'll soon realize that this change is crucial for your growth and long-term success. Gemini: You're finding your voice, self-expression, and true beliefs during this Lion's Gate Portal, pushed to affirm only thoughts you wish to manifest. Will you stick to the same, tired outlook, or will you follow your curiosity towards a more expansive way of living, experiencing, and exploring the world? Cancer: Calculating the cost of living can be tricky since everything is constantly changing. However, you can begin attracting financial flow by lighting a purple candle and setting a clear intention to welcome abundance into your life. This ritual will help turn your hopeful dreams into reality, Cancer. ALSO READ: 'Stop the slide': Terrifying moment caught on cam as Royal Caribbean passengers scream when Icon of the Seas' slide shatters midway Leo: Leo shines brightly during The Lion's Gate Portal, a powerful time for deep reflection. This is your moment to recommit to yourself, your journey, and your spiritual purpose—putting aside pride for now. Will you choose to embrace life with bold joy, or will you unknowingly block blessings by believing you have to settle for less? Virgo: Virgo, take a close look at your daily routines to identify which habits need refreshing and which ones should be let go. Some of your regular rituals may no longer be serving your goals or desires. Releasing these patterns will help you focus on living your most fulfilling life. Libra: Your vision for the future is evolving, especially around community, connection, and growth, dear Libra. Reflect on the kind of aligned, like-minded souls you want to surround yourself with. Will you choose to embrace those who ignite your passion, or stay tied to relationships that no longer resonate with your path? ALSO READ: Battlefield 6 open beta starts this week: How to join, rewards and timings revealed Scorpio: Scorpio, your foundation is undergoing a powerful transformation. Your sense of security deepens, grounding you in your roots and family ties. This is a perfect time to revisit your past and uncover ways to enrich your present and future connections with yourself and your loved ones. Sagittarius: Sagittarius, you're poised to explore and expand in true Sagittarian style — intellectually, philosophically, and spiritually. Let go of outdated beliefs as you dive into rich, hands-on life lessons. Will you follow the guidance of your higher self, or cling to old truths that no longer serve you? Capricorn: Capricorns must release their fear of change and embrace full-fledged transformation. Will you let go of your tight grip on unhealthy energetic attachments, outdated worries, and completed contracts? Or will you walk into the portal, reclaiming agency and personal power? Aquarius: The people in your life are revealing their soulful reasoning for being in your life. While some connections deepen, others fade away, having served their purpose. For the first time in a long while, you're allowing yourself to fully feel whatever comes your way. If you're ready to face challenges or confront others, go for it, Aquarius. On the other hand, you might also choose to nurture and strengthen your close relationships. Pisces: The best guidance is to trust your inner voice. Let your intuition lead the way, and you'll achieve your goals with ease and confidence. Stay true to what feels right in your heart—remember, following your gut can transform you in incredible ways.
Economic Times
4 days ago
- Entertainment
- Economic Times
Battlefield 6 Beta: Open weekends dates, schedule, platforms, game modes, map rotations, trailer, how to get early access codes and how to join
Synopsis Battlefield 6 Beta open weekends dates, schedule, platforms, game modes, map rotations, trailer, how to get early access codes and how to join are here. Battlefield 6 Beta began on August 7 with early access for code holders. Open beta weekends follow on August 9–11 and August 14–16 across PC, PS5 and Xbox Series X/S. Players can join by downloading the beta client, with early codes available through Twitch drops and EA programs. TIL Creatives Battlefield 6 Beta open weekends dates, schedule, platforms, game modes, map rotations, trailer, how to get early access codes and how to join is available. Battlefield 6 Beta is live for early access players, with open weekends scheduled for August 9–11 and August 14–16 on PC, PS5, and Xbox Series X/S. Battlefield 6 Beta open weekends dates, schedule, platforms, game modes, map rotations, trailer, how to get early access codes and how to join is available. EA's DICE studio has opened the Battlefield 6 Beta, giving players an early chance to try the game before its full release on October 10. The beta is split into an early access period for code holders and two open weekends for all Battlefield 6 Beta is available in three stages: August 7–8: Early access for players with beta codes, starting at 1 a.m. PT on August 7. Early access for players with beta codes, starting at 1 a.m. PT on August 7. August 9–11: First open beta weekend for all players, beginning at 1 a.m. PT on August 9 and ending August 11 at 1 a.m. PT. First open beta weekend for all players, beginning at 1 a.m. PT on August 9 and ending August 11 at 1 a.m. PT. August 14–17: Second open beta weekend, starting at 1 a.m. PT on August 14 and ending August 17 at 1 a.m. PT. Also Read: What to Watch This Weekend on Starz, Netflix, HBO Max, Hulu, Disney+, Prime Video, Peacock: Here's list of big releases, new movies and shows For open beta weekends, players simply need to download the Battlefield 6 beta client from: PSN Store Xbox Store Steam Epic Games Store EA App Preloading began on August 4, allowing instant access when the beta could secure early access by: Watching the Battlefield 6 preview stream for key drops. Watching Battlefield 6 Twitch streams with 'Beta Key Drops' on August 7 or 8 for 30 minutes. Linking a Twitch account to an EA account. Redeeming the key on the Battlefield 6 code redemption site. Beta keys were also granted to: Participants in Battlefield Labs. EA Play Pro subscribers. Liberation Peak Siege of Cairo Iberian Offensive Liberation Peak Siege of Cairo Iberian Offensive Empire State Also Read: Matlock Season 2 Release Date 2025: Here's complete schedule on CBS and Paramount+, and where to watch online Conquest Closed Weapon Conquest Domination King of the Hill Breakthrough All first weekend modes Rush Squad Deathmatch PC players must enable Secure Boot in BIOS to participate in the Battlefield 6 Beta. EA has provided an online guide for enabling this feature to help prevent 6 Beta Trailer is here. How can I join the Battlefield 6 Beta early? Link your Twitch and EA accounts, watch eligible streams for 30 minutes on August 7 or 8, claim your drop, and redeem the code on the official site. What platforms is the Battlefield 6 Beta available on? The beta is available on PC, PS5, Xbox Series X, and Xbox Series S. Preload is available on all platforms through their respective stores.
