Breitbart- Prices rose at the fastest pace in four months in November, the second consecutive month of accelerating inflation.
The consumer price index rose 2.7 percent from a year earlier, the Department of Labor said Wednesday. Core inflation, a metric that excludes volatile food and energy prices, climbed 3.3 percent over the previous 12 months.
The results matched the forecasts of economists surveyed by Econoday.
Compared with a month ago, the broad index of consumer prices rose 0.3 percent, the fastest pace of inflation since March. If that pace of inflation were to continue for a year, prices would rise 3.8 percent. Core prices also rose 0.3 percent for the month—which was also the fastest pace since March. more
Somewhat related, this morning at the NY Stock Exchange, Trump rang the opening bell. Many of the S&P 500 CEO’s were present. The place was on fire. A boisterous rendition of “USA,USA” rang out, and raucous applause and spirits were sky-high because all present knew MAGA is great for business and will unleash a new era of prosperity where ALL will benefit.
The Fed bases its Annual Cost of Living increase on the CPI-W numbers of Quarter 3 ( Jul-Aug-Sept). This year it was at 2.5%. And every year it seems like rate of inflation is even larger in Quarter 4 and beyond. Which means Soc Sec recipients are falling even farther behind, every year.
2.7%……by whose accounting?
Gooberment accounting (which currently IIRC does not include real world necessities like food and fuel)?
Or real world day-to-day people accounting (which DOES include food & fuel)?