Posted on 11/10/2022 5:53:28 AM PST by ChicagoConservative27
Consumer prices rose at slower rates in October, according to data released Thursday by the Labor Department.
The annual inflation rate fell to 7.7 percent in October from 8.2 percent in September, according to the consumer price index (CPI), a closely watched inflation gauge. Prices rose 0.4 percent last month alone.
(Excerpt) Read more at thehill.com ...
We’re saved... all hail Brandon...
Even still, it went up. Not much, but it went up less than expected.
The market sure likes it though.
IF it’s true, then perhaps the credit for lowering inflation should be given to the RECESSION Biden has gotten us into.
Indeed someone isn’t looking at the prices.
It is possible the rate of increase is slowing and will eventually return to 2% or so. But the inflated prices are permanent. We will not see a deflation back to the Trump-era numbers.
Yes, BS. I’ve lost track of the number of products/items which now cost near/more than DOUBLE what they did a mere 2 years ago.
Only one thing causes that: DC.
CPI is stuff of Newspeak.
Now that the election is over, energy prices are set to skyrocket even more than what we’re seeing now. In a few months, we may be looking at double digit inflation.
The election has been stolen. No need to publish this Socialist propaganda any longer. Try to keep the BS coming out of the District of Corruption down to a low roar. We Americans ALREADY KNOW how bad inflation is.
Bullshit, with a capital BULL
up .4 month over month...still works out annually to 5 or so%.
It may not be spiraling up as fast as before but it still is not going to be good news to the FED. A lot of wage and benefit adjustments take effect this and next month so there will be a ton of more money sloshing about to boost things again.
My rate of inflation was 50% plus in October.
That is because it means that the Fed may only increase interest rates .5% next meeting.
It is good for the low cap stocks that need to borrow large amounts of money to run.
> I am not buying into that number. <
No one who actually goes shopping buys it. But I guess if you add in normalization factors (or whatever they call it) you can make any number look like any other number.
The mass media is happy with that. And as we saw on Tuesday, evidently a large part of the electorate is happy with that. So look out below.
Exactly right. Inflation is almost always an upward ratchet.
Believe it or not, deflation is even worse than inflation because spending collapses. People wait for the expected cheaper price tomorrow.
Yup. Now that the election is over, hopefully Biden will stop raiding the strategic petroleum Reserve.
Food and energy prices are not counted.
This is the year over year increase. On a monthly basis, prices went down slightly.
Not really any improvement. Comparing year over year, prices are being compared to last October when prices had already increased rapidly on everything.
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