BREAKING: Inflation remains high, September data show

Remember when they said inflation was going to be “transitory?”

Lol. About that… the latest Consumer Price Index (CPI) is in from the Bureau of Labor Statistics, and it shows inflation remaining at very high levels in September. Prices rose 8.2% from September 2021 to September 2022, the data show. Prices rose 0.4% just in the month of September.

Some goods saw particularly acute year-over-year price spikes, like food (11.2%), energy (19.8%), new vehicles (9.4%), used cars (7.2%), and more.

Oh, and thanks to all this inflation, Americans’ real wages—wages accounting for real purchasing power—remain in decline. Real average weekly earnings decreased by 3.8% from September 2021 to September 2022, according to today’s data update.

This is… not good.

And it’s not Vladimir Putin’s fault, no matter how many times the White House insists otherwise. Nor is it the fault of “greedy” corporations, who’ve always been just as greedy as they are today.

As the September CPI reminds us, inflation is a stealth tax on the American public. And it’s happening because the federal government spent trillions of dollars we didn’t have and printed money like crazy. Don’t forget those root causes when you’re paying more at the pump or the grocery store.

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Brad Polumbo
Brad Polumbo
Brad Polumbo is a libertarian-conservative journalist and co-founder of Based Politics. His work has been cited by top lawmakers such as Senator Rand Paul, Senator Ted Cruz, Senator Pat Toomey, Congresswoman Nancy Mace, Congressman Thomas Massie, and former UN Ambassador Nikki Haley, as well as by prominent media personalities such as Jordan Peterson, Sean Hannity, Dave Rubin, Ben Shapiro, and Mark Levin. Brad has also testified before the US Senate, appeared on Fox News and Fox Business, and written for publications such as USA Today, National Review, Newsweek, and the Daily Beast. He hosts the Breaking Boundaries podcast and has a bachelor’s degree in economics from the University of Massachusetts Amherst.

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