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Reason
Reason
Eric Boehm

Inflation Hits 8.2 Percent After Another Month of Sharply Rising Prices

Inflation continued burning a hole in Americans' wallets last month.

Prices rose by an average of 0.4 percent overall, driven primarily by rising costs for housing, food, and medical care. According to the newly released data from the Bureau of Labor Statistics, prices rose by 8.2 percent overall during the last 12 months ending in September. Food prices have climbed by 11.2 percent in the past year, while energy prices are up by a whopping 19.7 percent despite falling by about 2 percent in September.

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