Biden’s economy continues to falter.
Inflation has rose 5.4% compared to last September.
This is the highest rate in 13 years.
BREAKING: Inflation was up 5.4% over last year in September – the highest rate in 13 years.
Prices rose 0.4% in Sept, up from 0.3% in August
Gas, food and goods continue to be key drivers of inflation. Used car prices fell slightly but remain 24% higher than last year. pic.twitter.com/8cN1eHaBvQ
— Heather Long (@byHeatherLong) October 13, 2021
The inflation rate rose to a 13-year high in September as rising costs for food and shelter pushed the rate up to 5.4 per cent.
Higher prices for food and shelter made up half of the increase in the overall rate, the U.S. Bureau of Labour Statistics said in a release. But the biggest individual category increase was energy, the cost of which has risen by almost 25 per cent in the past year.
Economists were expecting the number to come in at around 5.3 per cent, which would have been the highest rate since 2013. But the figure ended up being even higher.
Inflation by month:
In today's #inflation release, US #CPI continued to rise at an elevated rate, growing 5.4% in September. pic.twitter.com/mHtL9f3zY2
— Exante Data (@ExanteData) October 13, 2021
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