Those numbers would tie the 40-year high we saw in March, indicating that by some metrics, inflation remains as bad as it’s ever been in the Biden era. Incoming, part I: We’ll get another major inflation measure Thursday when the latest consumer price index numbers come out - and economists tell Bloomberg’s Reade Pickert they expect a 0.4% month-to-month increase and 6.5% year-to-year increase in core CPI, which excludes volatile food and energy prices. Several new data points and stories today spell out the danger for Democrats: But even as the Fed tries to get costs under control with aggressive rate hikes, inflation remains stubbornly high - and new waves of price pain could yet unfold after the midterms, shaking the political landscape well into the 2024 presidential campaign. INFLATION NATION - Rising prices are, as Playbook readers well know, perhaps the biggest reason why Republicans stand a strong chance of flipping one or both chambers of Congress next month. New Labor Department numbers out today showed the producer price index jumping 0.4% in September.
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