IN THE NEWS: FINAL INFLATION REPORT BEFORE MIDTERMS RELEASED; THE NUMBERS ARE VERY BAD

In the final Consumer Price Index report to be released before November's midterm elections, consumer inflation blew past Wall Street estimates in September to the highest core CPI read since 1982, proving again that the Biden administration's months of claims — first that inflation wasn't a problem, then that it was "transitory," then that it was being fixed by the president — was just political spin.

Headline CPI advanced 0.4 percent in September, double the 0.2 percent estimated, for a 12-month increase of 8.2 percent, also hotter than predicted. That headline number had advanced 0.1 percent in August, showing that price increases are accelerating again (4x in one month) despite Biden's frequent parties at the White House to celebrate the passage of the inflation reduction act and other Democrat policies to supposedly bring relief to Americans. MORE AT 

https://townhall.com/tipsheet/spencerbrown/2022/10/13/september-cpi-n2614464