The Consumer Price Index (CPI) rose 5.4% between October 2020 and September 2021 (12 months) as this publication of the Bureau of Labor Statistics shows. This represents an increase compared to the previous report. In September the CPI increased 0.4%
The main drivers of this rise have been the price of food and energy. According to these results, the inflationary pressure is still pushing the CPI.
This is the official inflation rate. However, there are other calculations, specially the ones using the methodology prior to the 1980's, which show higher inflation rates. For a view at these rates take a look here.
Previous posts regarding the inflation rate
July 15, 2021. Inflation Peaks as CPI Rises 5.4%
September 12, 2021. 12-Month Percent Change in CPI is 5.4% in July 2021
September 15, 2021. 12-Month Percent Change in CPI is 5.3% in August 2021
This post is intended to only raise awareness. In order to make actual financial decisions please contact your financial advisor and/or tax advisor prior to making the decision.
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Will it be beneficial if CPI rose?
Maybe at a slower rate