“Hotter Than Expected” – Consumer Prices Rose 0.4% in September – Food, Energy, Gas Prices Rise (VIDEO) | The Gateway Pundit | by Cristina Laila

Joe Biden’s America.

Consumer prices rose 0.4% in September – “hotter than expected.”

The core CPI excludes food and energy prices – here are the numbers

Energy costs are up 1.5%
Gas prices are up 2.1%
Fuel oil prices are up 8.5%
Food prices are up 0.2%

“On a 12-month basis, food costs climbed 3.7%, including a 6% increase for food away from home, while energy costs were off 0.5%.” – CNBC reported.

Prices have surged nearly 18% since Joe Biden took office in January 2021. Wages are down more than 3%.

CNBC reported:

Prices that consumers pay for a wide variety of goods and services increased at a slightly faster-than-expected pace in September, keeping inflation in the spotlight for policymakers.

The consumer price index, a closely followed inflation gauge, increased 0.4% on the month and 3.7% from a year ago, according to a Labor Department report Thursday. That compared with respective Dow Jones estimates of 0.3% and 3.6%. Headline inflation increased 0.6% in August.

Excluding volatile food and energy prices, the so-called core CPI increased 0.3% on the month and 4.1% on a 12-month basis, both exactly in line with expectations. Policymakers place more weight on the core numbers as they tend to be better predictors of long-term trends. Core inflation also increased 0.3% in August, when it was up 4.3% from the previous 12 months.