Inflation Remains Subdued in October

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Monika Bauerlein,
CEO

Dear Reader,

December is make-or-break for Mother Jones’ fundraising. We have a $350,000 goal that we simply cannot afford to miss. And in "No Cute Headlines or Manipulative BS," we explain, as matter-of-fact as we can, how being a nonprofit means everything to us. Bottom line: Donations big and small make up 74 percent of our budget this year and are urgently needed this month, and all online gifts will be matched and go twice as far until we hit our goal. Please pitch in if you can right now.

December is make-or-break for Mother Jones’ fundraising, and in "No Cute Headlines or Manipulative BS," we hope that giving it to you as matter-of-fact as we can will work to raise the $350,000 we need to raise this month. Donations make up 74 percent of our budget this year, and all online gifts will be matched and go twice as far until we hit our goal.

The pandemic has played hob with all our normal economic indicators, but it’s still worth paying attention to them periodically. The October inflation numbers were released today and showed no change from September. Headline inflation was 1.2 percent compared to the previous year. Core inflation, which omits food and energy, was up slightly more, but still subdued at 1.6 percent compared to the previous year:

The biggest increase was for used cars and trucks, which increased 11.5 percent compared to a year ago. New cars increased only 1.5 percent, in line with overall inflation.