Economy

LABOR DEPARTMENT REPORT: Inflation Rises 2.4% in September, Hotter Than Expected

posted by Hannity Staff - 10.10.24

It’s still expensive out there…

According to a Fox Business report, inflation continued to cool in September to the lowest level in three years, though the report came in slightly hotter than expected.

From Fox Business:

The Labor Department on Thursday said the consumer price index (CPI) – a broad measure of how much everyday goods like gasoline, groceries and rent cost – rose 0.2% in September from the prior month and was up 2.4% from a year ago.

Economists predicted that inflation would slow to 2.3% on an annual basis with it rising 0.1% from last month, according to estimates by economists surveyed by LSEG.

So-called core prices, which exclude more volatile measurements of gasoline and food to better assess price growth trends, were up 0.3% on a monthly basis and 3.3% compared to a year ago – slightly higher than economists’ expectations of 0.2% and 3.2%, respectively.

Donald Trump;’s national press secretary Karoline Leavitt blasted the Biden-Harris Administration for economic policies that are hitting Americans right in the wallet.

Kamala Harris’ terrible economic policies continue to hit the American people where it hurts. The latest inflation report came in hotter than anticipated, overall prices are still up more than 20% since Kamala took office, and real average weekly earnings are down 3.4%. Eggs, for goodness’ sake, are 70% more expensive since Kamala took office!

Additionally, the number of Americans filing for unemployment benefits last week jumped to the highest level in a year.

If Kamala is given another four years, our economy will nosedive into the worst depression this country has ever seen. Americans will continue to be robbed of their paychecks with astronomical inflation and higher taxes.

There is only one solution to fix our economy: re-electing President Trump. He’s a businessman with a proven track record of success and will turn Kamala’s worsening economy around on day one.

A quick reminder of how expensive everyday items are for struggling Americans:

 

 

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