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AkaSci 🛰️AkaSci@fosstodon.org
Oct 14, 2026, 12:56 PM
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6% on a seasonally adjusted basis in September after rising 0.4 percent in August, the U.S. Bureau of Labor Statistics reported today.
Over the last 12 months, the all items index increased 3.7 percent before seasonal adjustment.
The index for gasoline rose 9.1% in September.
S&P 500 futures dropped over 0.5% on the news.
Interest rates rise.
https://bsky.app/profile/josephpolitano.bsky.social/post/3mxtkseealk2v
https://www.bls.gov/news.release/cpi.nr0.htm
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AkaSci 🛰️AkaSci@fosstodon.org
Oct 14, 2026, 7:52 PM
From Ben Casselman, Chief Economics Correspondent for The NYT -
"Faster inflation + slower nominal wage growth = falling average hourly earnings in real terms.
Average hourly earnings, adjusted for inflation, fell 0.5% in September.
Average hourly earnings, adjusted for inflation, are now essentially back to where they were when Trump returned to office. Meaning that, on average, Americans have experienced almost zero real wage growth during Trump's 2nd term."
https://bsky.app/profile/bencasselman.bsky.social/post/3mxtoa2rkm226
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