- cross-posted to:
- economics@lemmy.ml
- finance
- finance
- finance
- cross-posted to:
- economics@lemmy.ml
- finance
- finance
- finance
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
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.