https://www.cnbc.com/2023/09/13/cpi-inflation-report-august-2023-.html What a tangled web we weave... Imagine if it gets worse. He'll be done.
Was someone deceiving someone else? I posted early how Russia and Iran are cutting back production in an effort to affect our gas prices and thus inflation. Thats been all over the news. From your link: Energy prices fed much of gain, rising 5.6% on the month, an increase that included a 10.6% surge in gasoline. That might have something to do with it. Obviously it isn't an easy fix.
That's just propaganda...oh wait. Energy prices (rose) 5.6% on the month, (with) a 10.6% surge in gasoline. The rent of primary residence index rose 0.5% and increased 7.8% from a year ago. Owners equivalent rent, a key measure that gauges what homeowners believe they could get in rent, increased 0.4% and 7.3%, respectively.
However, excluding volatile food and energy, the core CPI increased 0.3% and 4.3%, respectively, against estimates for 0.2% and 4.3%. Federal Reserve officials focus more on core as it provides a better indication of where inflation is heading over the long term. That's awesome news thanks for the article OP. Looks like what the Fed is doing is working
