There’s Still No Inflationary Pressure in the Economy

In case you like to keep track of this stuff, here are the inflation numbers for October:

Ordinary CPI ticked up to 2.5 percent thanks to higher gasoline prices. However, oil prices are tumbling as we speak, so this will come down next month. Core CPI, which doesn’t include either food or energy, fell a tenth of a point.

Ordinary CPI is, of course, useful if you want to know what ordinary people are actually paying for stuff. However, core CPI is more useful for gauging inflationary pressure in the economy. Right now, there just isn’t any. Core CPI has been hovering steadily around 2 percent for three consecutive years. Maybe someday that will change, but once again, that day is not today.

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Minority rule, corruption, disinformation, attacks on those who dare tell the truth: There is a direct line from what's happening in Russia and Ukraine to what's happening here at home. And that's what MoJo's Monika Bauerlein writes about in "Their Fight Is Our Fight" to unpack the information war we find ourselves in and share a few examples to show why the power of independent, reader-supported journalism is such a threat to authoritarians.

Corrupt leaders the world over can (and will) try to shut down the truth, but when the truth has millions of people on its side, you can't keep it down for good. And there's no more powerful or urgent argument for your support of Mother Jones' journalism right now than that. We need to raise about $450,000 to hit our online fundraising budget in these next few months, so please read more from Monika and pitch in if you can.

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