Consumer Price Index Summary - 2022 M09 Results
www.bls.gov

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment.

Increases in the shelter, food, and medical care indexes were the largest of many contributors to the monthly seasonally adjusted all items increase. These increases were partly offset by a 4.9-percent decline in the gasoline index. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. The energy index fell 2.1 percent over the month as the gasoline index declined, but the natural gas and electricity indexes increased.

Also check out this handy chart

https://www.bls.gov/charts/consumer-price-index/consumer-price-index-average-price-data.htm

  • MitchFucko [any]
    ·
    2 years ago

    Most people I talk to think this number is really low and I suspect so as well. Anyone with knowledge on the subject want to chime in?

    From what I've seen, rent prices have gone up 30%+, gas prices are currently 20% above 2021's average (3.10), and food prices are anywhere from 50-100% higher depending on the food and how far you are from distribution centers.

    edit: i mean low as in actual felt inflation is much higher, not that "biden has successfully kept inflation low" lol

    • anoncpc [comrade/them]
      ·
      2 years ago

      Nah, this is bad especially after the fed raise .75% on interest rate, and this is before the gas cut bake in from OPEC so expect another .75% to 1% of raising interest rate and November data going to be worst

    • betelgeuse [comrade/them]
      ·
      2 years ago

      It's kind of a cop-out because the measurement they're going by is CPI-U which is for urban consumers. Inflation is higher in rural areas. You can see that in the charts.

      You have to be careful with liberal economic data too because it's rarely rigorous enough to treat as fact. If you have a receipt for something you bought 2 years ago and one where you just bought the same thing, you can calculation inflation. At least for that item. Obviously items will inflate/deflate at different rates. But the government demands an easy calculation that they can trot out when it's convenient and obfuscate when it's not.

  • TheOwlReturns [comrade/them]
    ·
    2 years ago

    The only way the fed is going to decrease 'inflation' is buy impoverishing the consumer class. The argument that competitive forces dictate prices of consumer goods is silly neoliberal nonsense, the fact of the matter is the carrot briefly became a little too easy to obtain, and the ruling class wants us to learn to be afraid of the stick once more.