Sit Back, Relax, and Strap It Down: September Inflation Numbers Are In

pjmedia.com
3 min read
fairly easy
Up, up, and away. Prices in the U.S. are on the rise and the Biden White House still seems mystified about why that's so.
Prices rose 5.4 percent in September, a little higher than the 5.3 percent rise in August. But according to the White House, prices shouldn't be rising at all. We were told the increase was "transitory" nothing to worry about and that once things began to get back to normal, inflation wouldn't be a problem anymore.

But prices continue to rise despite the end of shutdowns and most other disruptions. The culprit, we're told, is "supply chain bottlenecks."

Oh, really?

Washington Post:

Economic data from September underscored how vulnerable the economic recovery remains to the pandemic — and how policymakers underestimated the threat posed by the delta variant when the surge began a few months ago. On the labor front, the economy gained only 194,000 jobs last month, and officials said ongoing concerns about child care and fear of the virus kept people from returning to work. On the inflation side, Fed leaders have long said that price increases are a "transitory," or temporary, feature of an economy battered by the pandemic. Their message is that as supply chains…
Rick Moran
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