U.S. inflation was up to 2.4% in September, which is a larger number than economists expected. They were hoping for 2.3%.
Core prices for items such as food and energy was up 3.3%, which was up from 3.2% in August. This was also above expectations.
The Biden/Harris administration keeps saying that the economy is much better than it has been but since taking office, prices are up 20.5% and joblessness has only improved through government jobs, which means that the government has expanded and federal debt will continue to skyrocket to absorb that.
The New York Times calls this bad news the October surprise for the Harris campaign. Economist Peter St. Onge describes it thus: “two bumbled Hurricanes and a bumbled Middle East War that could send energy prices soaring just in time for the election” could “cut the wrong way for” the Harris campaign. Watch how he spells out how a war with Iran would bring about another 1970s-level oil crisis for us all.
