Markets Crash After Inflation Rate Comes in Hot – Core CPI Surges to 6.6% the Highest Rate Since 1982 – Real Wages Declined for Record 18 Months!
Elections have consequences. Stolen elections have catastrophic consequences.
The September inflation rate came in hotter than expected on Thursday at 8.2%.
The Core CPI surged to 6.6% – the highest rate since 1982.
Stocks plunged 500 points on the news.
JUST IN – US inflation hits 8.2% in September — hotter than expected. Core CPI surges to 6.6%, the highest since 1982.
US futures drop after inflation data. pic.twitter.com/HOgNkaUmHt
— Disclose.tv (@disclosetv) October 13, 2022
These numbers are devastating for low and middle-class working Americans.
Inflation stays very hot. CPI Consumer prices up far above expectations and Core CPI rises to highest level in 40 years.
The Biden Inflation crisis intensifies. pic.twitter.com/NZDFm0fgkS
— Steve Cortes (@CortesSteve) October 13, 2022
Last inflation report before the midterms – 8.2% – full on disaster.
— Rob Schmitt (@SchmittNYC) October 13, 2022
Via Jackie Kotkiewicz.
Overall CPI: +8.2% y/y
Core CPI: +6.6%
Fuel Oil: +58.1%
Meat, Poultry, & Fish: +7.7%
Baby Food: +11.8%
Airline Fares: +42.9%
Real Average Hourly Earnings: -3%
Check this out — Real wages under Joe Biden have declined for a record 18 months. That is catastrophic!
What a disaster!
Worst administration in history?
Real wages under Biden have declined for a record 18 months. This means that US incomes have been below inflation since the start of 2021 pic.twitter.com/TRC4aBF2QU
— zerohedge (@zerohedge) October 13, 2022