Courtesy of John Nyaradi.
The Consumer Index Report showed increased prices, new home starts increase for September.
The Consumer Index Report showed a 3% increase in prices for September, as opposed to 4% for August. The 1% decrease indicates higher prices for consumer goods such as food and gasoline. This report is also an accurate guide for inflation rates, and Social Security recipients will receive a 3.6% raise in 2012 to cover higher inflation.
New home starts increased nearly 15% from August to September from 572,000 new homes started in August to 658,000 homes started in September. This is a new 17 month high and the increase largely reflects new home construction due to Hurricane Irene.
Overall economic report card grade: C+. Consumer prices have increased, yet more new homes were started in September.
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