Welcome Tuesday, November 16th, recliners and rocking chairs...
The Bureau of Labor Statistics reported that the all items consumer price index rose by 6.2% over the last 12 months.
This is the highest rate recorded since November 1990, and more than three times the Federal Reserveâs target rate of 2%. Month-to-month consumer prices rose by 0.9% in October on a seasonally-adjusted basis. Thatâs notably faster than the 0.4% increase measured in September.
Over the last 12 months...
- Fuel oil increased 59.1%
- Used cars and trucks increased 26.4%
- Bacon increased 20.2%
- Eggs increased 11.6%
- Televisions increased 10.4%.
- New vehicles increased 9.8%.
- Computers increased 8.4%.
- Baby food increased 7.9%.
Click here for a rundown of more items, then join the conversation:
How do you feel about the rise in consumer prices?
|