Boots & Sabers

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0808, 13 Oct 22

Inflation Fire Still Burning Up American’s Buying Power

Ouch. Please note that all of us who said that the huge spending bills and intentionally misnamed “Inflation Reduction Act” caused this. Sometimes inflation is due to unforeseeable forces. Not this time. This inflation is the result of intentional policy decision.

Prices consumers pay for a wide variety of goods and services rose more than expected in September as inflation pressures continued to weigh on the U.S. economy.


The consumer price index for the month increased 0.4% for the month, more than the 0.3% Dow Jones estimate, according to the Bureau of Labor Statistics. On a 12-month basis, so-called headline inflation was up 8.2%, off its peak around 9% in June but still hovering near the highest levels since the early 1980s.

Excluding volatile food and energy prices, core CPI accelerated 0.6% against the Dow Jones estimate for a 0.4% increase. Core inflation was up 6.6% from a year ago.


0808, 13 October 2022

1 Comment

  1. Merlin

    Core CPI is a smoke screen for reality. Who do you know that exists without consuming food and energy? Might as well also pretend that air and water are no longer required for life.

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