Minnesota added 17,400 jobs in October, most in 2022

[progree]

4. Yes. Unfortunately food at home is still awful on a 12 month basis, 12.4%

that the media is infatuated with, regardless of what's been happening in the last few months. Because they can.

Food at home, BLS data series: https://data.bls.gov/timeseries/CUSR0000SAF11

Food at home, Base Period: 1982-84=100
Year Jan Feb Mar .... etc. .... October
2022 270.996 274.747 278.735 281.653 285.711 288.618 292.495 294.684 296.708 297.882

But in the last 3 months it has cooled:

Food at home, percent change from 3 months ago
Year Jan Feb Mar .... etc. .... October
2022 2.3 2.8 3.9 3.9 4.0 3.5 3.8 3.1 2.8 1.8

Food at home, percent change from a month ago
Year Jan Feb Mar .... etc. .... October
2022 1.0 1.4 1.5 1.0 1.4 1.0 1.3 0.7 0.7 0.4

Using the original 6 digit index data above:

3 month change: 1.8% (annualized: 7.6%)
4 month change: 3.2% (annualized: 9.9%)

I haven't been able to find the "food" or the "food away from home" BLS time series yet.

But FRED has

Food: https://fred.stlouisfed.org/series/CPIUFDSL
+2.2% in last 3 months (9.1% annualized. UGHH)

Food away from home: https://fred.stlouisfed.org/series/CUUR0000SEFV
+2.8% in last 3 months (11.6% annualized. UGHH)

Anyway, all-in-all, food is still an inflation hot spot.