This week, US inflation roared again to a fresh four-decade high last month, likely strengthening the Federal Reserve’s resolve to aggressively raise interest rates that risks upending the economic expansion.
The consumer price index rose 9.1% from a year earlier in a broad-based advance, the largest gain since the end of 1981, Labor Department data showed Wednesday. The widely followed inflation gauge increased 1.3% from a month earlier, the most since 2005, reflecting higher gasoline, shelter, and food costs.
Read the full report here.
Pekau: "Major media outlets across the country are reporting that “the consumer price index, a broad measure of everyday goods and services, soared 9.1% from a year ago, above the 8.8% Dow Jones estimate."
And Sean Casten's only solution is to spend more money. In fact, he's so out of touch that he called inflation "a good thing." End quote. Repeat the line.
I am going to Washington to bring competence and common sense back to our government."
-NRCC: Chicago Residents Paying More Thanks to Democrats
Axios reports the Consumer Price Index for Chicago-Naperville-Elgin metro area saw a sharp local rise from 2021 to 2022:
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