{"id":2456,"date":"2021-10-13T11:24:45","date_gmt":"2021-10-13T15:24:45","guid":{"rendered":"https:\/\/liferep.net\/?p=2456"},"modified":"2021-10-13T11:24:46","modified_gmt":"2021-10-13T15:24:46","slug":"wednesday-october-13-2021","status":"publish","type":"post","link":"https:\/\/liferep.net\/?p=2456","title":{"rendered":"Wednesday October 13, 2021"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong><span class=\"has-inline-color has-vivid-red-color\">Welcome to Joe Biden&#8217;s America<\/span><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h1 class=\"wp-block-heading\">Consumer prices rise more than expected as energy costs surge<\/h1>\n\n\n\n<p class=\"wp-block-paragraph\">PUBLISHED WED, OCT 13 2021<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Consumer prices overall rose 0.4% in September, pushing the year-over-year gain to 5.4%.<\/li><li>Excluding food and energy, the gain was just 0.2% and 4%, respectively.<\/li><li>Energy and food prices climbed, while used car prices, which had been a central story in the inflation picture this year, declined.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">WATCH NOWVIDEO03:52September\u2019s consumer price index up 0.4% vs. 0.3% estimate<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Consumer prices increased slightly more than expected in September as food and energy price rises offset declines in used cars, the Labor Department reported Wednesday.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The consumer price index for all items rose 0.4% for the month, compared with the 0.3% Dow Jones estimate. On a year-over-year basis, prices increased 5.4% versus the estimate for 5.3% and the highest since January 1991.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">However, excluding volatile food and energy prices, the CPI increased 0.2% on the month and 4% year over year, against respective estimates for 0.3% and 4%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.cnbc.com\/2021\/10\/12\/stock-market-futures-open-to-close-news.html\">Dow futures were slightly positive<\/a>&nbsp;following the news while government bond yields were mostly higher.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Gasoline prices rose another 1.2% for the month, bringing the annual increase to 42.1%. Fuel oil shot up 3.9%, for a 42.6% year over year surge.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Food prices also showed notable gains for the month, with food at home rising 1.2%. Meat prices rose 3.3% just in September and increased 12.6% year over year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cFood and energy are more variable, but that\u2019s where the problem is,\u201d said Bob Doll, chief investment officer at Crossmark Global Investments. \u201cHopefully, we start solving our supply shortage problem. But when the dust settles, inflation is not going back to zero to 2 [percent] where it was for the last decade.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Used car prices, which have been at the center of much of the inflation pressures in recent months, fell 0.7% for the month, pulling the 12-month increase down to 24.4%. However, the continued rise in prices even with the drop in vehicle costs could lend credence to the notion that inflation is more persistent than policymakers think.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Airline fares tumbled 6.4% for the month after falling 9.1% in July.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Shelter prices, which make up about a third of the CPI, increased 0.4% for the month and are up 3.2% for the 12-month period. Owners\u2019 equivalent rent or how much an owner of a property would have to pay to rent it, increased 0.4% as well, its largest monthly gain since June 2006.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to Joe Biden&#8217;s America Consumer prices rise more than expected as energy costs surge PUBLISHED WED, OCT 13 2021 Consumer prices overall rose 0.4% in September, pushing the year-over-year gain to 5.4%.Excluding food and energy, the gain was just 0.2% and 4%, respectively.Energy and food prices climbed, while used car prices, which had been [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2456","post","type-post","status-publish","format-standard","hentry","category-daily-news"],"_links":{"self":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2456"}],"version-history":[{"count":1,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2456\/revisions"}],"predecessor-version":[{"id":2457,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2456\/revisions\/2457"}],"wp:attachment":[{"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}