Consumer Price Index Up 7.7% over Last Year

From the Federal government:

CONSUMER PRICE INDEX – OCTOBER 2022

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported today.

Over the last 12 months, the all items index increased 7.7 percent before seasonal
adjustment.

The index for shelter contributed over half of the monthly all items increase, with the indexes for gasoline and food also increasing. The energy index increased 1.8 percent over the month as the gasoline index and the electricity index rose, but the natural gas index decreased. The food index increased 0.6 percent over the month with the food at home index rising 0.4 percent.

The index for all items less food and energy rose 0.3 percent in October, after rising 0.6 percent in September. The indexes for shelter, motor vehicle insurance, recreation, new vehicles, and personal care were among those that increased over the month. Indexes which declined in October included the used cars and trucks, medical care, apparel, and airline fares indexes.

The all items index increased 7.7 percent for the 12 months ending October, this was the smallest 12-month increase since the period ending January 2022. The all items less food and energy index rose 6.3 percent over the last 12 months. The energy index increased 17.6 percent for the 12 months ending October, and the food index increased 10.9 percent over the last year; all of these increases were smaller than for the period ending September. 

Comments

Consumer Price Index Up 7.7% over Last Year — 6 Comments

  1. Every American ought to ask themselves if they were better off on the last full month of the Trump Administration or today after 1 year and 10 months of the Democrat President Joseph Robinette Biden and the Democrat controlled Congress.

    Inflation rates for the Trump years, 2017, 2018, 2019 and 2020 were: 2.1, 1.9. 2.3 and 1.4 percent.

    Inflation rates for the Biden years, 2021 and 2022 were/are: 7 and 8.2 percent.

    The U.S. is in this terrible inflationary situation because of the grossly inept, incompetent President Joseph Robinette Biden and his Administration and the Democrat controlled Congress. They hugely screwed things up. After the election of Biden in late 2020, Barak Hussein Obama said this about his former sidekick vice president Biden:

    “Don’t underestimate Joe’s ability to f*** things up.”

  2. Stolen elections have consequences. Cut off our energy supply, open the borders, protect the borders of Ukraine with billions of our tax dollars oh and let’s not forget we are begging OPEC and Venezuela for oil. 81m votes? I think not.

    If you think it’s bad now, wait until the CBDC starts getting pushed by the MSM. Many have zero clue what is coming out of Davos. If you listen to what they are saying they are telling you their plans for the NWO.

  3. America is quickly becoming overrun by witless irrational people who can vote.

    These people have a name. They are called DEMOCRATS, and they absolutely destroy everything without
    exception.

  4. Hey who needs ‘stuff’ as long you get and cash those stimmy checks.

    How bout we carpet bomb households with another trillion of Monopoly money?

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