Andrew Ackerman, WashPost:
New data released Friday showed inflation heated up in September to a pace not seen since January, according to the first dataset to be released during the government shutdown.
The September consumer price index showed prices rising at a 3 percent annual rate — up slightly from 2.9 percent in August and above April’s post-pandemic low of 2.3 percent, according to the Bureau of Labor Statistics.
Gasoline prices, which edged down over the past year — providing some relief to consumers — nonetheless jumped 4.1 percent in September and were the largest factor in a 0.3 percent monthly increase....
Though the 3 percent pace was slightly below economists’ expectations, Friday’s report is the latest to demonstrate that inflation hasn’t gone away and remains stubbornly above fed norms. The long stretch of above-average increases has left the cost of everyday goods and services about 25 percent higher than before the pandemic.
4 comments:
Any inflation is bad, but where was this concern during Bidenflation?
And it seems that people who know aren't as concerned.
"NEW YORK (AP) — U.S. stocks hit records on Friday after an update on inflation came in a bit less painful than feared.
The S&P 500 rose 0.8% and topped its prior all-time high, which was set earlier this month. The Dow Jones Industrial Average rallied 472 points, or 1%, and the Nasdaq composite climbed 1.1%. Both also set records.
The data on inflation is encouraging because it could mean less pain for lower- and middle-income households struggling with still-high increases in prices every month. Even more importantly for Wall Street, it could also clear the way for the Federal Reserve to keep cutting interest rates in hopes of giving a boost to the slowing job market."
Forget to add, WINNING!
Notice that although financial bubbles are about to pop, rule of law (justice) is being dragged through manure, and nuclear war is being toyed with the Hound Dog remains exactly on the Nazi script. It's as if Russell Vought and Curtis Yarvin had time to respond to Jerry. Plan 2025 is changing clothes and stinky, befouled Donald Trump is about to be discarded in the laundry hamper. But out in the boondocks the suck-ups haven't kept up and are still expecting Greatness and a tariff rebate check. Nobody has shopped Chewy for any treats
Old Hound Dog, so keep howling and whining. Maybe the Humane Society can
hear you out in your pen facing a cruel Winter. Hey, keep reporting conditions from your Zone of Interest, not from News Max.
It was an AP article. You know, the Associated Press, not Newsmax.
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