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Inflation Hits Highest Level in Months as Costs From Trump's Illegal War Eat Workers' Paychecks

Data released by the US Bureau of Labor Statistics on Wednesday showed inflation grew faster than expected in September, driven in large part by costs related to President Donald Trump's illegal war with Iran. The latest Consumer Price Index (CPI) report showed overall prices in September posted a yearly increase of 3.7%, marking the biggest rise in…

Sources (1)· Oct 14, 5:12 PM

inflation rate increase Planet Economy

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Common Dreams· Oct 14, 5:12 PMInflation Hits Highest Level in Months as Costs From Trump's Illegal War Eat Workers' Paychecks

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Diesel tops $6 a gallon in Virginia, as inflation ticks upDiesel prices topped $6 a gallon in Richmond and other parts of Virginia on Friday, while inflation ticked up because of rising costs for energy and housing, setting the stage for a likely increase in interest rates by the Federal Reserve Board.

Norfolk Virginian-Pilot1mo agoWhole story →

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Powered by spikes in energy prices, inflation surges to 3.7%Inflation grew to a 3.7% annual rate in September, according to an Oct. 14 report from the U.S. Bureau of Labor Statistics, up from 3.4% in August. In the last consumer price inflation report before midterm elections, with voters already fed up with higher prices, September’s number was the highest since May, when it was […]

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Inflation heats up as gas prices surgeData: Bureau of Labor Statistics ; Chart: Courtenay Brown/Axios U.S. inflation picked up in September as soaring energy prices added to already stubborn price pressures, the Labor Department said on Wednesday. Why it matters: The latest Consumer Price Index shows that the inflation fight is far from over — and makes further Federal Reserve interest rate…

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Fed Chairman Warsh faces pressure to ‘put up or shut up’ after hot CPI reportFederal Reserve Chairman Kevin Warsh faces intense pressure to raise interest rates at next week’s policy meeting after a highly anticipated inflation report showed U.S. consumer prices marched higher last month. Underlying inflation rose more than expected in August, as the core consumer price index, which excludes food and energy costs, increased 0.3%…

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Good News on Affordability: American Paychecks Are Beating Inflation Under TrumpThe average private-sector paycheck has grown faster than prices since President Trump took office, Bureau of Labor Statistics figures show. And in recent months, real pay is growing even faster. The post Good News on Affordability: American Paychecks Are Beating Inflation Under Trump appeared first on Breitbart .

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US Families Have Spent an Extra $4,700 Each Due to Trump Policies—Including $100 Billion on GasDemocrats on the congressional Joint Economic Committee on Thursday published updated data estimating that President Donald Trump's policies have cost the average US family $4,700 during the first two years of his second term. One major driver of price increases has been Trump's illegal war with Iran, which led to a global spike in energy prices after…

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'We're Making a Fortune,' Trump Says of High Oil Prices as Working Class PaysPresident Donald Trump attempted to spin high oil prices as a boon for the United States at a rally in Arizona on Wednesday, just hours after new federal data showed that inflation reached its highest level in months in September. "Because of the price of oil, Texas and Oklahoma and North Dakota and all these places, we're making a fortune," Trump…

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Trump insists inflation is low as CPI report shows a 3.7% increasePresident Trump hunted for silver linings in the higher-than-expected September inflation numbers. The surge in prices was fueled by a 9% month-over-month jump in gas prices. Nancy Cordes reports.

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Iran war cost hits $38 billion, forecast to rise $3 billion a month, CBO saysBy Jacob BogageWASHINGTON, Sept 15 (Reuters) - The six-month-old U.S. war against Iran has cost $38 billion so far and that amount is projected to rise by $3 billion a month, Congress' nonpartisan bookkeeper reported on Tuesday, as the Trump administration searches for ways to end the conflict and reopen the vital Strait of Hormuz.The war is expected to…

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