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Hyperinflation? Biden Economy Train Wrecks As CPI Burns Hot

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The firehose of bad news, not unexpected, continues.

This morning’s economic data showed a continued rapid increase in consumer inflation, which will cause horrific consequences for the average American.

The primary drivers of this increase were food and shelter, something every American can relate to in their personal life.

Financial markets sold off heavily on the news, but have recovered somewhat on promises of a another bailout from European central banks.

Consumer Price Index (MoM) (Sep) printed at 0l4% vs 0.2% consensus estimate.

Consumer Price Index (YoY) (Sep) printed at 8.2% vs 8.1% estimate.

Consumer Price Index Core s.a (Sep) printed at 298.66.

Consumer Price Index ex Food & Energy (MoM) (Sep) printed at 0.6% vs 0.5% estimate.

Consumer Price Index ex Food & Energy (YoY) (Sep) printed at 6.6% vs 6.5% estimate.

Consumer Price Index n.s.a (MoM) (Sep) printed at 296.808 vs 296.43 estimate.

Continuing Jobless Claims (Sep 30) printed at 1.368M vs 1.365M estimate.

Initial Jobless Claims (Oct 7) printed at 228k vs 225k estimate.

Initial Jobless Claims 4-week average (Oct 7) printed at 211.5K.

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