Inflation worse than expected at 8.2%
in final preelection report
Posted By: formerNYer, 10/13/2022 12:13:59 PM
Inflation clocked in worse than expected at 8.2% for the 12 months ending in September, according to the consumer price index, bad news for the country’s economic health. The much-anticipated numbers reported by the Bureau of Labor Statistics on Thursday revealed that while it ticked down by one-tenth of a percentage point, inflation is still higher than anticipated and defying the Federal Reserve's aggressive interest rate hikes. Worse, "core inflation," which strips out volatile food and energy prices, rose sharply in September. On an annual basis, it rose to a whopping 6.6%, the highest since 1982.
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Inflation clocked in worse than expected at 8.2% for the 12 months ending in September, according to the consumer price index, bad news for the country’s economic health.
The much-anticipated numbers reported by the Bureau of Labor Statistics on Thursday revealed that while it ticked down by one-tenth of a percentage point, inflation is still higher than anticipated and defying the Federal Reserve's aggressive interest rate hikes.
Worse, "core inflation," which strips out volatile food and energy prices, rose sharply in September. On an annual basis, it rose to a whopping 6.6%, the highest since 1982.
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and ‘Intolerance’ 21 replies
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Watch — Pelosi on January 6: If He Comes
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Comments:
Yes Sir! Just totally "unexpected."