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Inflation surges in US
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pelespirit sh.itjust.works pelespirit@sh.itjust.works
Joined: 2023-06-14
Quote

New economic data shows inflation rose by 3.7 per cent in the US in September, up from 3.4 per cent in August.

The increase was mostly driven by surging energy prices, particularly fuel, which ended September more than 34 per cent higher than this time last year.

The conflict with Iran in the Middle East remains the chief cause underpinning these price increases, despite the US military’s ongoing operation to escort commercial vessels through the Strait of Hormuz and the White House recently announcing a deal to purchase Russian diesel.

It’s bad news for Republicans weeks ahead of the midterms, with cost of living and economic pressures estimated to be front of mind for many voters.

46   Original
pelespirit Moderator pelespirit@sh.itjust.works
Joined: 2023-06-14
#2 · Quote Reply

So what is the new inflation? Is it now 3.7 or 3.5. Am I the only one that finds the way it's written confusing? All the government websites say we can't see it until november, lol.

6
DaddleDew lemmy.world DaddleDew@lemmy.world
Joined: 2023-07-08
#3 · (edited) Quote Reply

"It'S bIdEn'S fAuLt!"

3
mrmisses lemmy.world mrmisses@lemmy.world
Joined: 2026-02-03
#4 · (edited) Quote Reply

So what is the new inflation? Is it now 3.7 or 3.5. Am I the only one that finds the way it's written confusing? All the government websites say we can't see it until november, lol.

inflation rose by 3.7 per cent in the US in September, up from 3.4

Maybe it's at 7.1?

Edit: wait it rose by 3.7% ? 3.7% of what? Ok I don't know what I'm reading. I feel like I am slipping into the reading comprehension of a gen alpha

5
kersploosh sh.itjust.works kersploosh@sh.itjust.works
Joined: 2023-06-09
#5 · Quote Reply

So what is the new inflation? Is it now 3.7 or 3.5. Am I the only one that finds the way it's written confusing? All the government websites say we can't see it until november, lol.

It's poorly written. I found a number of articles that say inflation was at a 3.4% annual rate in August, and rose to 3.7% in September, but most of them are confusingly written as well.

A simple table is better IMO:

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

8
pelespirit Moderator pelespirit@sh.itjust.works
Joined: 2023-06-14
#6 · Quote Reply

It's poorly written. I found a number of articles that say inflation was at a 3.4% annual rate in August, and rose to 3.7% in September, but most of them are confusingly written as well. A simple table is better IMO: https://www.usinflationcalculator.com/inflation/current-inflation-rates/

That table is great, thanks.

1
frustrated_phagocytosis fedia.io frustrated_phagocytosis@fedia.io
Joined: 2024-03-03
#7 · Quote Reply

It was 2.4% in September 2024.

2
Marthirial lemmy.world Marthirial@lemmy.world
Joined: 2024-05-01
#8 · Quote Reply

inflation rose by 3.7 per cent in the US in September, up from 3.4 Maybe it's at 7.1? Edit: wait it rose by 3.7% ? 3.7% of what? Ok I don't know what I'm reading. I feel like I am slipping into the reading comprehension of a gen alpha

3.7% added to whatever it was before. I am guessing it is around 11% compared to pre-COVID.

1
LadyMeow lemmy.blahaj.zone LadyMeow@lemmy.blahaj.zone
Joined: 2024-01-18
#9 · Quote Reply

"It'S bIdEn'S fAuLt!"

1
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