Bidinflation rises 2.4% in September, above expectations

Kyle

Beloved Misanthrope
PREMO Member
Inflation rises 2.4% in September, above expectations


Labor Department releases closely watched September inflation data


Inflation continued to cool in September to the lowest level in three years, though the report came in slightly hotter than expected.


The Labor Department on Thursday said the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.2% in September from the prior month and was up 2.4% from a year ago.



 

stgislander

Well-Known Member
PREMO Member
EJ Antoni said yesterday, if you really do a deep dive into the data and understand what it says, we are in a recession.
 

herb749

Well-Known Member
If inflation is at 2.4% and last month it was 2.4% higher, is inflation really 4.8% right now .?
 
  • Like
Reactions: BOP

SamSpade

Well-Known Member
If inflation is at 2.4% and last month it was 2.4% higher, is inflation really 4.8% right now .?
Inflation is generally measured as a year over year metric - it is 2.4% higher than a YEAR ago.

SIMPLEST way to show overall inflation over a given period is the CPI.
Take it from latest month - and subtract target month

(CPI-L - CPI-T)

Divide by target month
Multiply by 100.

So take the latest one we have, September 2024 - 315.301
Pick January 2021 - 261.582

Plug - - - 20.5% over Biden's term so far. That's not to say lots of stuff you probably buy didn't get MORE expensive.
 

LightRoasted

If I may ...
For your consideration ...



Inflation is intentional, used as a way to keep people on the hamster wheel of life. Inflation makes it extremely difficult to get ahead. It is theft of one's production. It is theft of the purchasing power of one's savings. It is economic slavery. As long as a group of privately owned banks control the money supply, charge the US government for borrowing its own funds, create fiat currency out of nothing, arbitrarily set interest rates, bribe politicians to make their crap FRNs legal tender, and hold a monopoly on the issuance of money, then there is no private sector, no free market in the nation. Every market, every stock, every commodity, every buy, every sale, every transaction is a RIGGED transaction. Imagine a gang of counterfeiters so powerful they bought control of the government and had their fake, counterfeit money declared legal tender. That gang could buy anything it desired, including control of more politicians. That is EXACTLY what our current economy is based on. We even gave the gang a special name so it sounds more respectable: The Federal Reserve.

Also, all talk of a coming NWO is ignorance. When actually, the world has been under a governing NWO entity for quite some time. People just do not realize it.
 

phreddyp

Well-Known Member
For your consideration ...



Inflation is intentional, used as a way to keep people on the hamster wheel of life. Inflation makes it extremely difficult to get ahead. It is theft of one's production. It is theft of the purchasing power of one's savings. It is economic slavery. As long as a group of privately owned banks control the money supply, charge the US government for borrowing its own funds, create fiat currency out of nothing, arbitrarily set interest rates, bribe politicians to make their crap FRNs legal tender, and hold a monopoly on the issuance of money, then there is no private sector, no free market in the nation. Every market, every stock, every commodity, every buy, every sale, every transaction is a RIGGED transaction. Imagine a gang of counterfeiters so powerful they bought control of the government and had their fake, counterfeit money declared legal tender. That gang could buy anything it desired, including control of more politicians. That is EXACTLY what our current economy is based on. We even gave the gang a special name so it sounds more respectable: The Federal Reserve.

Also, all talk of a coming NWO is ignorance. When actually, the world has been under a governing NWO entity for quite some time. People just do not realize it.
Yes padre.
 
Top