November 11, 2022

Thursday, the Bureau of Labor Statistics released the October inflation numbers, the latest results of those policies Biden refuses to change. Inflation continued rising, up 0.4% from September, and 7.7% from a year before.

The good news, if you can call it that: both numbers were 0.2% lower than economists predicted. And the annual core inflation rate, which doesn’t include food or energy, was 6.3%, which was down slightly from September’s 40-year high of 6.6%.

The bad news: I don’t know anyone who can live without food or energy. And on an annual basis, food prices were up 10.9%. I don’t know about you, but I wish that most of the food I buy was only 10.9% more expensive than it was a year ago. It seems as if some things are up by that much every time I walk into a store.


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