core inflation. month-over-month core inflation 4.6% matches what we saw in august. you can see how it s off the worst levels that we ve seen earlier this year. maybe showing signs of turning or peaking. that s what everybody wants to know. but what you are feeling year over year, gasoline prices up more than 18% from last year, food prices still up 11%, and shelter shelter prices have been rising. this is the part of the economy you can t quickly change. you can go to different store brands or you can shop differently and switch out your cuts of meat, if you re a shopper for your grocery bill. much different when you talk about your housing costs. rising prices have been so punishing for so long, the cost of living adjustments for social security recipients next year will be 8.7%. the 70 million people who receive a social security check or those sorts of ben facilities, starting in january
audience, everyone watching right now has seen the price of goods increasing. for the month of february, it increased 8% year over year, driven largely by food prices, gas prices, and energy, shelter prices, food, for example, milk went up 50 cents, and the concerning factor is that you have gas prices just continuing to store, of course you ve got the issues in ukraine that are weighing heavily, sanctions weighing heavily, and this is a part of the fact of why we re seeing volatility in the markets as of late. you have concerns about growth, you have concerns about inflation, you have concerns that the fed, our central bank will increase interest rates as of next week. all of these are factors playing into it. the only thing i can say from this report is core inflation, when you take out food and gas, which is pretty volatile, core inflation came in line with expectations. some economists may say this report is as expected. cold comfort if you have to
increase in each of the previous three months. year-over-year, those prices up a staggering 41.7%. housing prices showing no signs of cooling either. the cpi reported that shelter prices up to .8% last year but crisis for housing in major cities spike 18.6%. that according to a biggest increase since 1987. in as i send it back to you, we will get updated inflation numbers next tuesday but i don t have to tell you that the prices are only expected to go higher. edward: might have to stock up on my doughnuts. i wonder how long they will stay in the freezer. so how about this for; your stocking? could put a major damper on the holiday shopping season to keep people from buying and keeping