Inflation Spikes Again in a ‘Cost-of-Living Recession Where Americans Are Just Getting Pounded’
U.S. consumer prices shot up 8.2% in September, compared to a year earlier, according to the government’s latest monthly consumer price index out today.
The report marks the final inflation numbers before the heavily anticipated Nov. 8th mid-term elections. Gallup and other polls indicate that the economy and rising prices in particular are top concerns for Americans.
The Federal Reserve has been raising interest rates for borrowers, so this latest .4% rise in consumer prices from August to September was discouraging news for investors, and stocks plunged on Wall Street Thursday morning.
Read the story from CBN’s Heather Sells:
https://www1.cbn.com/cbnnews/us/2022/october/inflation-spikes-again-in-a-cost-of-living-recession-where-americans-are-just-getting-pounded
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