The Labor Department through the Bureau of Labor Statistics (BLS) said the Consumer Price Index (CPI) posted a 0.5% gain in September. However, softness in housing and medical weighted down the so-called core CPI and still indicates underlaying weakness in inflation pressure.
The so-called core CPI, which excludes food and energy, gained by just 0.1% in September.
Over the last 12 months, the CPI rose 2.2%. Worth noting, the 12-month change has been accelerating since it was just 1.6% in June, while the 12-month change in the index for all items less food and energy remained at 1.7% for the fifth month in a row.
The gasoline index soared by 13.1% in September and represented roughly three-fourths of the seasonally adjusted gains in the overall index. The energy index has gained 10.1% over the past 12 months, its largest 12-month increase since the period ending March 2017.
The so-called core index–which excludes food and energy–gained by just 0.1% in September.
The food index increased 1.2% over the last year.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.