Build Back Better?
or Build Back Broke?
But some think the election is about abortion??
While CPI inflation is at 3.5%, inflation is much higher in many basic necessities:
1. Car Insurance Inflation: 22.2%
2. Transportation Inflation: 10.7%
3. Car Repair Inflation: 8.2%
4. Hospital Services Inflation: 7.5%
5. Homeowner Inflation: 5.9%
6. Rent Inflation: 5.7%
7. Electricity Inflation: 5.0%
8. Food Away From Home Inflation: 4.2%
Both Core CPI and headline CPI came in hotter than expectations.
This is FOURTH straight month with both readings being hotter than expected.
We now have all major inflation metrics back on the rise and oil prices are nearly $90.
Affordability is still getting worse.
(20) The Kobeissi Letter on X: "While CPI inflation is at 3.5%, inflation is much higher in many basic necessities: 1. Car Insurance Inflation: 22.2% 2. Transportation Inflation: 10.7% 3. Car Repair Inflation: 8.2% 4. Hospital Services Inflation: 7.5% 5. Homeowner Inflation: 5.9% 6. Rent Inflation: 5.7% 7.…" / X (twitter.com)