Posted on 10/12/2023 7:14:46 AM PDT by Kaiser8408a
Gimme (expensive) shelter!
Following August’s bigger than expected jump (driven by surging energy prices and healthcare methodology changes)., September’s CPI was expected to slow (+0.3% MoM) with the YoY pace inching back lower (from 3.7% to 3.6%) after rebounding for two straight months.
However, headline CPI came in modestly hot at +0.4%, with YoY at 3.7% – that is the 3rd monthly rebound in a row.
Source: Bloomberg
Core CPI rose 0.3% MoM, with YoY sliding to +4.1% YoY (as expected)… it still hasnt been below 4.00% since May 2021….
Source: Bloomberg
Food and Commodities contribution to YoY CPI slowed while Services increased…
Goods inflation dipped back to unchanged YoY and Services CPI slowed to +5.7%…
Services stands out on A MoM basis…
Under the hood, gasoline continues to rise and used car prices drop…
The index for all items less food and energy rose 0.3 percent in September, as it did in August.
The shelter index was the largest factor in the monthly increase in the index for all items less food and energy. The shelter index increased 0.6 percent in September, after rising 0.3 percent the previous month. The index for rent rose 0.5 percent in September, and the index for owners’ equivalent rent increased 0.6 percent over the month.
(Excerpt) Read more at confoundedinterest.net ...
3.2% COLA.
Biden better get campaigning and tell everyone how great Bidenomics is. Obviously, Americans can’t believe their lying eyes every time they buy something.
All the stuff my dog and I require is up between 10-20%. DC lies all the time, especially the Obama/Jihad Joe/Iran Administration.
Their CPI stuff is BS. Cherry pick whatever is lowest on the inflation scale and tout that. Meanwhile my grocery bill is up with everything above 50% higher and more than before Biden’s Covid Scamdemic. Bought a bag chips yesterday for $3.98. Two years ago it was going for about a dollar.
The bag of chips you bought also has fewer chips than a couple years ago. Same with most products, their actual content is less and less.
Inflation will not be tamed until the mountain of money in M1 and M2 somehow come down and they will not. Printing money has moved both to a new plateau.
At twice the price. But there is no inflation.
Yep, that too.
I’m so lucky to have a great landlord.. He hasn’t raised my rent since I moved in 4 years ago.
This report highlights rent/housing costs. Illegally import millions into the country, these cots have to go up.
Heard that yesterday. Gotta love branDUHnomics. And we know lots of folks who will still pick pedo Pete over any opposition. Wish I was that well off that these policies didn’t effect me.
🙏🇮🇱👍
It has been a joke in my house for so long that my teenagers now go around saying sarcastically:
“But there’s no inflation!”
“who will you believe?”
One group is paid to lie.
Another one is not.
This is so difficult....
Lol.
0.4% a month = 4.8% a year if continued. That rate defeated Gerry Ford in ‘76. In Bidenommics it’s acceptable.
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