People shop at a supermarket in Montebello, Calif., on Aug. 23, 2022. (Frederic J. Brown/AFP/Getty Images) Inflation continued to run near a multi-decade high of 8.2 percent last month but a deeper dive into the Consumer Price Index (CPI) data shows that some goods—including everyday essentials like food—saw far sharper price jumps.
The Bureau of Labor Statistics (BLS) reported on Oct. 13 that annual inflation in the United States in September was running at 8.2 percent, down slightly from August’s pace of 8.3 percent.
An alternative measure of CPI inflation that uses the same methodology BLS used back in the 1980s […]
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