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Consumer prices rose 3.7% in September, compared to year ago, higher than expected


According to the Labor Department's report on Thursday, the cost of goods and services in the U.S. witnessed a 3.7% increase last month compared to the same period last year.


This data was revealed in the monthly Consumer Price Index report by the agency, which also indicated a 0.4% price increase in September compared to August. Interestingly, both of these increases were marginally higher than what was originally anticipated, as reported by CNBC.com.


The Dow Jones had estimated these increases to be 3.6% and 0.3% respectively. It is worth noting that this report by the Bureau of Labor Statistics emphasizes the issue of inflation and the Federal Reserve's efforts, particularly pertaining to interest-rate hikes, in their attempt to curb the pace of inflation.

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 isn’t it interesting they came out with this report today at 3.7% but yet the cost-of-living increase on Social Security is only gonna be 3.2%. 


Who is running this show?

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One word.


Bidenomics

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