Is inflation getting worse in Dallas-Fort Worth? We will know tomorrow

The Dallas-Fort Worth inflation rate for September will be released on Thursday.

Will local inflation continue to be above the US average? Over the summer, it was D-FW electricity, rents, fresh produce and protein, soft drinks and restaurant prices that rose faster than the US average.

The last D-FW inflation rate reported in July was up 9.4% from a year ago, while the US rate was 8.5% higher year-over-year. The Department of Labor reports the D-FW Consumer Price Index every two months, while the national rate is reported monthly.

What’s driving prices even higher than last year? Grocery prices were even higher in August, when the US rate was up 8.3% from a year ago.

After trending lower this spring and summer, gasoline prices rose again when the Organization of the Petroleum Exporting Countries said this month it would cut oil production by two million barrels. in November.

A day ahead of consumer inflation reports, the U.S. Producer Price Index, which measures wholesale prices or prices received by producers of their goods and services, rose 0.4% in September compared to August, which was higher than expected.

But prices may drop in some more discretionary categories of goods. Clothing and furniture makers are no longer hampered by supply chain issues and inventories of clothing, home goods and toys have been high all year, so retailers are discounting .

Among the biggest tickets, the price of used cars fell in September for the first time since April 2020, according to a closely watched tracker, the Manheim Used Vehicle Value Index.

Twitter: @MariaHalkias

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