Biden 's and Democrats' policies --- particularly things like the "Inflation Reduction Act" --- cause the latest CPI to POP upward with a higher than expected month-to-month increase --- and the highest rate since 1981

 

Yep !!!  INFLATION IS THE HIGHEST IT'S BEEN SINCE REAGAN TOOK OVER THE INITIAL HIGH INFLATION RATE FROM  FROM PRESIDENT JIMMY CARTER

The year-over-year inflation rate is a higher-than expected 8.2%

And the month-to-month inflation rate is a higher-than expected 0.4%  

And "stagflation" is right around the corner

This month's Core CPI, which strips out the more volatile food and energy prices, rose 6.6 percent compared with a year ago. That is the highest rate of core inflation since 1981, and it  surpassed the recent 6.4 percent highs hit in February and March of this year.  (The Core CPI had been forecast to rise 0.4 percent month-to-month and 6.5 percent compared to a year ago.)

For the month-to-month stats, core prices were up 0.6 percent; and most economists had expected the index to be up 0.2 percent on a monthly basis 

The Core CPI had been forecast to rise at most to 0.4 percent month-to-month, and 8.1 percent compared with a year ago. 

And most economic indicators are showing that we are in or about to go into a recession   >>>  meaning another old Jimmy Carter and the Democrats' bug-a-boo "stagflation" is knocking at the door, and about to knock us all to the floor some more.

To pick up on a theme we used about yesterday's report on wholesale inflation  >>>  this is more dismal news from the practitioners of "the dismal science".....