Posted on 10/13/2022 7:29:23 AM PDT by Red Badger
Prices paid by U.S. households surged higher in September as a wide range of goods and services became more expensive.
Prices rose 8.2 percent compared with a year earlier, the latest Consumer Price Index showed on Tuesday, evidence that the price stability sought by the Federal Reserve remains an elusive and distant destination.
Compared with August, prices were up 0.4 percent, the Department of Labor’s Bureau of Labor Statistics said.
Core CPI, which strips out volatile food and energy prices, rose 6.6 percent compared with a year ago. That is the highest rate of core inflation since 1981, surpassing the recent 6.4 percent highs hit in February and March. For the month, core prices were up 0.6 percent.
Economists had expected the index to be up 0.2 percent on a monthly basis and 8.1 percent compared with a year ago. Core CPI was forecast as rising 0.4 percent month-to-month and 6.5 percent compared to a year ago.
The monthly figures show inflation is accelerating. After falling to zero in July, the headline consumer price index has risen for two straight months. In August it was rising at a 0.12 percent rate. Core prices were up 0.31 percent in July and 0.56 percent in August.
The year-over-year headline figure was slightly below the 8.3 percent recorded in September but the core figure was higher than August’s 6.5 percent.
Inflation would have been even higher if not for declining energy prices. Energy commodities fell 4.7 percent in the month, although they are up 19.7 percent compared with a year ago. Gasoline prices fell 4.9 percent for the month but are still up 18.2 percent from a year ago.
(Excerpt) Read more at breitbart.com ...
Build Back Better ™️
Higher than expected: (translated) unexpectedly unexpected.
So open the oil industry back up! That is what caused the problem. Sure people are spending more cause they have to not because they want to.
You don't need to build back unless you have totally destroyed the American economy, so perhaps BBB will be in play in 2023.
(Jimmy Carter) “Miss me yet?”
Build Back BANKRUPT!™️..........................
Yelp I’d rather be crapped off than crapped on.......
Meaning the “inflation” we see is now around 12%, YoY.
As an example: Average gas prices in my state today (AAA) is $4.271.
Average gas price in September was $3.75.
A 12% increase.
Groceries -appear- to be the same at this time.
The only way to solve this is for Biden to yell at it and tell it that it doesn’t exist.
Nothing to worry about, we won’t run out of money, they will print more...
Thank God there are no more mean tweets coming out of the executive branch
Remember Charlottesville!
We must work harder and harder just to stay in the same place. This is called: The Red Queen Effect.
Based upon the Red Queen in Alice in Wonderland - where the Queen ran on a spinning turntable. As she ran, the table spun faster. “I must run harder and harder just to stay in the same place!” she exclaimed.
So...I guess that makes it UN-expected, right? :)
When you have Dems in office, expect the unexpected!!!!!
Unexpected by whom?
“Experts”?
Jao?
Yelling?
Schumer?
> So open the oil industry back up! <
That would make sense. So of course the Biden administration is thinking about doing the opposite, and stopping all offshore drilling.
Aug 2021 5.3% $100.00 X 5.3% = %5.30 + $100.00 = $105.30
Sep 2021 5.4% $105.30 X 5.4% = $5.69 + $105.30 = $110.99
Oct 2021 6.2% $110.99 X 6.2% = $6.88 + $110.99 = $117.87
Nov 2021 6.8% $117.87 X 6.8% = $8.02 + $117.87 = $125.88
Dec 2021 7.0% $125.88 X 7.0% = $8.81 + $125.88 = $134.69
Jan 2022 7.5% $134.69 X 7.5% = $10.10 + $134.69 = $144.79
Feb 2022 7.9% $144.79 X 7.9% = $11.44 + $144.79 = $156.23
Mar 2022 8.5% $156.23 X 8.5% = $13.28 + $156.23 = $169.51
Apr 2022 8.3% $169.51 X 8.3% = $14.07 + $169.51 = $183.58
May 2022 8.6% $183.58 X 8.6% = $15.79 + $183.58 = $199.37
Jun 2022 9.1% $199.37 X 9.1% = $18.14 + $199.37 = $217.51
Jul 2022 8.5% $217.51 X 8.5% = $18.49 + $217.51 = $236.00
Aug 2022 8.3% $236.00 X 8.3% = $19.59 + $236.00 = $255.59
Simple total: 97.4% inflation per the year.
CUMULATIVE inflation per $100 in the last 12 months = $255.59 =
155.59%, means for every $100 you spent for goods and services in
August of 2021, you now spend $155.59 more for a total of $255.59.
https://www.statista.com/statistics/273418/unadjusted-monthly-inflation-rate-in-the-us/
If anyone thinks it’s 8.2% hasn’t filled up their tanks or bought groceries! Thank you Brandon! FJB
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