break it all down for us. it s the first time in 13 months that we have seen inflation tick up by 2/10 of a percent, and that s notable because of the effort the federal reserve has put into fighting inflation, and the biggest contributor to that increase was housing costs. it went up by 4/10 of a percent from the previous month. it s higher by 7.7% over the last year. gas prices are also ticking up. car insurance is notably higher. it s up 2% from june, and 17.8% over last year, which really, if you think about it, makes sense because car repair is also more expensive. new car prices dropped a tenth of a percent from june. used car prices down 1.3% over the month, and listen to this, and great if you re planning your travel, airline tickets are down a full 8.1% from june to july. the markets did gain some steam on this report because it showed slightly less inflation than expected. and investors are closely
happened. the bbc s hayley compton. we have more coverage happened. the bbc s hayley compton. we have more coverage on happened. the bbc s hayley compton. we have more coverage on the - happened. the bbc s hayley compton. we have more coverage on the live - we have more coverage on the live page on the website. just reading a post from my colleague whose has spoken to a resident on ilkeston road where police say the first incident happened just after 4am. she said she spoke to a man called wayne who said the police were quote, banging on his door around five o clock in the morning saying they needed cctv footage. wayne said he was told the incident happened at 4.10 in the morning. he was asked if he had witnessed anything. he did not see or hear anything but he said he is not surprised this sort of thing happened around here. we mentioned the eyewitness on ilkeston road but let s take you through the timeline. a31 year old man has been arrested on suspicion of murder after three pe
28 past the hour, we re keeping a close eye on the white house where president biden is set to speak any moment now on the january jobs report, which was way, way better than expected. the government reported that employers added 517,000 jobs last month. economists had predicted about 187,000 jobs would be created. the unemployment rate also fell to 3.4%. it s the lowest it s been since 1969. let s break those numbers down, though, as we always do. the hispanic unemployment rate actually increased by 4/10 of a percent. the black unemployment rate fell 3/10 of a percent. and there you see the breakdown for our economy. i want to bring in nbc s business and data reporter brian cheung. good morning. what do these numbers tell you? yeah, it s important just to rehash that this was well above what wall street had expected.
that are really great if they were stand alone but put them in there so they can get the other stuff through. molly: holiday spending. the best of intentions, right? about half respondents of this gallup poll say they ll spend the same. what do these plans mean for retailers, for the economy? a little tough. this morning we got some important numbers out. income and spending. income up 4/10 percent. spending was up less than everyone thought it would be. our savings rate is 2.4%, up from 2.2% last month. not long ago it was in the 30s. people are running out of money, people bought a lot of nikes but no cars. even the stuff we re buying the price tag is getting smaller as we tighten our belts. molly: a lot of belt