Rusty Braziel, A Closer Look At The CPI & Breaking Down Big Bank Earnings 10/14/22
Mad Money w/ Jim Cramer
00:00
The Consumer Price Index Is the Heart of Inflation
Consumer Price Index was up 8.2% year over year and 0.4% versus August. The core CPI, which is everything except food and energy, increased 6.6%. That's actually the highest year of year core inflation reading since 1982. Food companies are starting to see big savings from lower commodity costs although it takes some time for their contracts to roll over.
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