Primerica HBI shows middle-income purchasing power rises to 100.1% in June as gas prices fall - PRI News | RalliesPrimerica HBI shows middle-income purchasing power rises to 100.1% in June as gas prices fall
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PRI• Primerica HBI rises as gas prices ease
- Primerica’s Household Budget Index rose to 100.1% in June, up 1.8% from May, up 0.2% year over year.
- Purchasing power gains tied mainly to lower gas prices; small declines in health care costs, modest cuts in auto insurance rates.
- Middle-income earned income increased 0.3% month over month, up 4.0% year over year.
- June CPI rose 3.5% year over year; HBI necessity-item costs climbed 4.1% from a year earlier.
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