Consumer Prices Up Sharply in September

[spinbaby]

Source: AP

WASHINGTON (AP) -- Consumer inflation rose at the fastest pace in four months in September, reflecting higher energy and food costs.
The Labor Department reported Wednesday that its closely watched Consumer Price Index increased by 0.3 percent last month as energy costs, which had been falling for three months, posted an increase and food prices jumped by the largest amount since June.

The 0.3 percent CPI increase was slightly above the 0.2 percent advance that economists had been expecting. Core inflation, which excludes energy and food, was up a more moderate 0.2 percent, in line with expectations.

In a second report, the Commerce Department said that construction of new homes plunged by 10.2 percent in September, reflecting the deepening troubles in housing.

Read more: http://biz.yahoo.com/ap/071017/economy.html

[pattmarty]

1. Here comes the "fun", after the Republican economic policies.

[Norrin Radd]

2. Yep. We've been here many times before.

[redqueen]

3. Should be an interesting holiday season. n/t

[Hugin]

4. The fundamentals are strong!

Look! Look! Inflation is UP!

:sarcasm:

[tom_paine]

5. OMG! If this is what the BUSHIE NUMBERS say, what can the real situation possibly be like?

Anyone can see that by walking into their supermarket, where most items have enjoyed what i would guess is roughly a 6-8% inflation rate.

This at the same time the Bushies were telling us with their Soviet-style reports that inflation was 2-3%.

This is bad news of the worst kind, if the Bushies can no longer hide things without 100% fabrication (which perhaps they are not yet willing to risk), we are in for a world of hurt.