Inflation surged in September as U.S. energy costs jumped

GENUINELY WHAT IS HAPPENING TODAY, IT IS LIKE TRYING TO FIX A LEAKY SINK WITH DUCT TAPE WHILE THE WHOLE HOUSE IS ON FIRE. SO INFLATION ACCELERATED TO 3.7 PERCENT IN SEPTEMBER ACCORDING TO NEW GOVERNMENT DATA WHICH IS HIGHER THAN THE 3.6 PERCENT ECONOMISTS ACTUALLY EXPECTED. GAS PRICES JUMPED 9.1 PERCENT IN JUST ONE MONTH AND APPARENTLY THAT IS RESPONSIBLE FOR MORE THAN HALF THE RISE IN INFLATION WHICH IS WILD BECAUSE THIS IS HAPPENING RIGHT BEFORE THE MIDTERM ELECTIONS. NINE IN TEN AMERICANS ALREADY THINK PRICES ARE THE MOST IMPORTANT FACTOR FOR THE ECONOMY ACCORDING TO A CBS NEWS POLL. I DO NOT KNOW IF THE GOVERNMENT CAN STOP THE ENERGY COSTS FROM CLIMBING BUT IT IS CLEARLY WEIGHING ON EVERYONE. ANYWAY, ABSOLUTE SCENES.

THE GROUP CHAT IS LOSING IT OVER THIS AND FRANKLY I GET IT BECAUSE MY WALLET HURTS TOO. SO THE CPI DATA JUST CAME OUT SHOWING PRICES ARE RISING FASTER THAN ANTICIPATED AT AN ANNUAL RATE OF 3.7 PERCENT. IT IS LARGELY BECAUSE ENERGY PRICES SOARED AND GAS COSTS ALONE SURGED 9.1 PERCENT SINCE AUGUST. ECONOMISTS THOUGHT WE WOULD HIT 3.6 PERCENT BUT WE MISSED THAT MARK AND NOW IT IS ALL HAPPENING WEEKS BEFORE THE MIDTERMS. PEOPLE ARE SAYING AFFORDABILITY IS THE MAIN ISSUE FOR VOTERS AND THE DATA SHOWS NINE OUT OF TEN AMERICANS AGREE IT IS THE BIGGEST ECONOMIC CONCERN RIGHT NOW. NOBODY SEEMS TO KNOW IF THIS WILL SHIFT VOTING BEHAVIORS BUT IT IS DEFINITELY ALL ANYONE IS TALKING ABOUT. ANYWAY THE DJ IS COOKING, LET US GO.

Inflation in the U.S. rose to an annual rate of 3.7% in September, driven largely by a 9.1% jump in gas prices, exceeding economist expectations ahead of the midterm elections.

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