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A customer shops for meat at a Safeway store in San Francisco, Calif., on Oct. 4, 2021. (Justin Sullivan/Getty Images) With inflation running hot in October, American consumers paid slightly more for most goods and services compared to the previous month, and far more compared to a year ago.
The Labor Department’s consumer price index (CPI), a key inflation gauge that measures how much Americans pay for goods and services, rose 0.9 percent over the month in October and 6.2 percent over the year, with the annual figure reflecting the highest pace of price hikes in nearly 31 years.
The agency’s report ( pdf ), released Nov. 10, breaks down how much prices have increased for certain key services and goods, including gas, food prices, electricity, and used cars. Seasonally adjusted figures are only available for the month-over-month comparison, while seasonally unadjusted data is available in both over-the-year and over-the-month formats.
Gasoline : 49.6 percent year-over-year and 3.7 percent month-over-month seasonally unadjusted; 6.1 percent month-over-month, seasonally adjusted
Fuel oil : 59.1 percent year-over-year and 12.3 percent month-over-month seasonally unadjusted; 12.3 percent month-over-month, seasonally adjusted
Electricity : 6.5 percent year-over-year and minus 0.1 percent month-over-month seasonally unadjusted; 1.8 percent month-over-month, seasonally adjusted
Utility (piped) gas service : 28.1 percent year-over-year and 6.5 percent month-over-month seasonally unadjusted; 6.6 percent month-over-month, seasonally adjusted
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Propane, kerosene, and firewood : 34.7 percent year-over-year and 7.9 percent month-over-month seasonally unadjusted; 6.2 percent month-over-month, seasonally adjusted
Food : 5.3 percent year-over-year and 1.0 percent month-over-month seasonally unadjusted; 0.9 percent month-over-month, seasonally adjusted Meats, poultry, fish, and eggs : 11.9 percent year-over-year and 1.4 percent month-over-month seasonally unadjusted; 1.7 percent month-over-month, seasonally adjusted Bacon and similar products : 20.2 percent year-over-year and 2.1 percent month-over-month seasonally unadjusted; 2.0 percent month-over-month, seasonally adjusted Pork chops : 15.9 percent year-over-year and 5.0 percent month-over-month seasonally unadjusted; 5.0 percent month-over-month, seasonally adjusted Uncooked beef steaks : 24.2 percent year-over-year and 1.9 percent month-over-month seasonally unadjusted; 1.7 percent month-over-month, seasonally adjusted Peanut butter : 6.0 percent year-over-year and 3.3 percent month-over-month seasonally unadjusted; 3.3 percent month-over-month, seasonally adjusted Coffee : 4.7 percent year-over-year […]
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They’re Trying to Shut Us Down
Over the last several months, I’ve lost count of how many times the powers-that-be have tried to shut us down. They’ve sent hackers at us, forcing us to take extreme measures on web security. They sent attorneys after us, but thankfully we’re not easily intimidated by baseless accusations or threats. They’ve even gone so far as to make physical threats. Those can actually be a bit worrisome but Remington has me covered.
For us to continue to deliver the truth that Americans need to read and hear, we ask you, our amazing audience, for financial assistance. We have a Giving Fuel page to help us pay the bills. It’s brand new so don’t be discouraged by the lack of donations there. It’s a funny reality that the fewer the donations that have been made, the less likely people are willing to donate to it. One would think this is counterintuitive, but sometimes people are skeptical because they think that perhaps there’s a reason others haven’t been donating. In our situation, we’re just getting started so please don’t be shy if you have the means to help.
Thank you and God bless!
JD Rucker