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But core prices for intermediate and crude goods actually fell in July, while intermediate and crude food indexes soared.
Most interestingly, as Elizabeth Warren has argued, the idea that most Americans have been spending frivolously on consumer goods actually isn't true.
Consumers are more shrewd about how few consumer goods actually are made in the United States, leaving companies less wiggle room about the origin of products.
(Such goods actually account for only a seventh of the firm's $14.2 billion in annual sales, as does its crop-protection business).
A really prestigious item can be a "Veblen good", named after an American economist born in the mid-19th century who noticed that demand for some goods actually rises as they get more expensive because they confer yet more status.
Imports of manufactured goods actually dropped to $900 billion in 2001 from $962 billion in 2000, and stood at $923 billion in 2002, according to data from the International Trade Commission.
Similar(42)
Not so good, actually.
Very, very, very good, actually.
I played really good actually.
Quite good, actually.
"That's quite good actually.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com