Inflation Is Still Uncontrollable And Government Still Spending Like Thieves

Hosted by Michael Lodge a Certified business mediator and advisor. He has been in private practice since 1984. Support the podcast and blogs by going to: http://www.buymeacoffee.com/michaellodge

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis, after increasing 0.6 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.7 percent before seasonal adjustment.

much higher in many basic necessities:
1. Car Insurance Inflation: 18.9%
2. Car Repair Inflation: 10.2%
3. Transportation Inflation: 9.1%
4. Rent Inflation: 7.4%
5. Homeowner Inflation: 7.1%
6. Food Away From Home Inflation: 6.0%
7. Meat & Poultry Inflation: 4.8%
While headline inflation is down from its highs, many basic necessities are still seeing 5%+ inflation. It's also worth noting that we do NOT have deflation, we have disinflation.
While the rate of inflation is DOWN, prices are still RISING. Affordability is still getting worse.

We have been dealing with elevated inflation for nearly 3 years. 3.7% inflation in September is building on years of inflation before 2023. The Fed will continue doing whatever it takes to get inflation down.

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