This guy campaigned against the Biden dropping Economy….
Actually?
His Tariff , War and Immigration actions have made things WORSE.…
Voters are also paying for this guy’s whims to boot!
- The consumer price index showed annual inflation of 3.7% in September after rising 0.6% for the month, the Bureau of Labor Statistics reported Wednesday.
- The Core CPI, which strips out food and energy, posted an annual reading of 2.6% after climbing 0.3%.
- Energy prices were a major factor again as gasoline rose 9.1% and accounted for half the increase in the index.
- However, price pressures were broad-based, with gains in shelter, vehicle costs and apparel.
September brought little relief to the accelerating cost of living, as consumer prices increased again and kept the inflation rate well above the Federal Reserve’s goal.
The consumer price index, a broad measure of goods and services costs across the U.S. economy, rose a seasonally adjusted 0.6% for the month, putting the 12-month rate at 3.7%, the Bureau of Labor Statistics reported Wednesday. Economists surveyed by Dow Jones expected respective gains of 0.6% and 3.6%.
…
The annual rate for headline inflation was 3.4% in August while the core rate was 2.4%.
Surging energy costs were again the primary culprit in the inflation picture. The energy index jumped 5.2% as tensions continued between the U.S. and Iran in a war launched in late February that shows no signs of ending anytime soon.
Gasoline prices soared 9.1%, accounting for about half the gain in headline CPI, according to the BLS. Over the past year, gas has posted a 34.2% rise while fuel oil has roared higher by 74.2%.
Food prices were flat on the month and up 2.5% from a year ago. However, shelter prices increased 0.4% and used car and truck prices jumped 0.7%. Apparel prices, which are sensitive to tariffs, increased 0.3% and are up 3.4% on an annual basis….
Leave a Reply
You must be logged in to post a comment.