How everyone in America just got a raise

By RYAN GORMAN

Hey everybody! We all just got a huge raise!

Americans have more cash in their pockets after prices for all items in the country dropped last month, according to the Bureau of Labor Statistics.

The price of all items dropped .2 percent, but that number doesn't tell the whole story.

Gasoline prices dropped 4.1 percent and fuel oil sank 1.2 percent, the government said.

Food prices rose .2 percent, but lower fuel costs could lead to the cost of food, either at home or in restaurants, to drop in September.

Gas utility prices were a whopping 2.8 percent lower while electricity rose one-tenth of one percent.

Clothing and apparel prices dropped .2 percent as parents flooded stores for back to school shopping and transportation service prices dropped .6 percent.

Over the past 12 months, the price of gasoline has dropped nearly three percent, according to the government, while all other prices rose 1.7 percent.

August was the first month in 2013 to see a broad decrease of prices throughout the economy as it continues to limp through a weak recovery from the "Great Recession."

Try not to spend all that extra cash in one place.

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