Today (October 17) the Bureau of Labor Statistics released the CPI Report for September. U.S. consumer prices rose 0.3% in September, which was the fastest rate in four months. Consumer prices were up 2.8% from a year ago. Sure seems like inflation is rising higher than that to me! Both the Wall Street Journal and the New York Times have good articles today about the September CPI News Release.
Late Start Econ 2 Extra credit: What do economists mean by “core inflation”? Why is it important? The answer may not be in your text. If you are the first student to send me an e-mail at(firstname.lastname@example.org) with the answer, you will be rewarded with two extra credit Discussion Board points. Only two points extra credit per student can be earned in any given week from the blog questions.