For consumers, less pain in the pocket

October 22, 2014

Halloween is just over a week away, which means the holidays are almost upon us. How painful will traveling, shopping and gorging be to our pocketbooks this year?

Consumer prices edged higher in September, up 1.7 percent year-over-year, according to data released today by the Bureau of Labor Statistics.

As this Reuters graphic shows, tumbling gas prices (off 1 percent month-over-month) helped temper increases in food and housing prices to keep the month-over-month increases for all items at 0.1 percent.

Additionally, the misery index, which combines the unemployment and inflation rates, continues to decline, which should help dull the pain felt by those who aren’t feeling this recovery.

If there’s anything for the average consumer to glean here, it’s that this is a good year to wrangle an invitation to Thanksgiving: gas prices are down and food prices are up. If only the┬ámisery index could help predict how insufferable one’s family members will be.

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