Déjà Vu: Taking stock of inflation in America

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Déjà vu

We wish we didn’t have a calendar invite for our team to check the latest inflation data, but that, sadly, is just where we're at in 2022.

The latest Consumer Price Index figures out yesterday revealed another month of rampant inflation, even with gas prices moderating slightly. The number worrying economists most was core CPI, which strips out food and energy costs. For the month of September that particular index climbed by +0.6%, with a year-on-year rise of 6.6%, the fastest rate of increase since 1982.

Taking stock

We’ve charted the CPI across 9 categories (including overall inflation) plotting how prices have changed from Jan 2020 to today. Over that time frame, most things you buy on a regular basis are probably up 15% at least. Indeed, there isn't a lot of good news in these charts — unless you are quite specifically a vegan fashionista who likes a drink and doesn't drive. In that case your personal inflation rate probably isn't too bad.

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