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Offline mystery-ak

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Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« on: February 10, 2022, 02:16:28 pm »
Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years

John Carney 10 Feb 2022

U.S. consumer prices jumped by the most in nearly four decades as the new year started, sapping the savings of American families, diminishing the purchasing power of worker paychecks, and putting pressure on the Federal Reserve to hike interest rates beginning in March.

The consumer price index climbed 0.6 percent from a month before, the Department of Labor said Thursday. Compared with January of last year, consumer prices are up 7.5 percent.

Economists had expected prices to rise 0.4 percent on a monthly basis and 7.2 percent above a year ago’s prices.

more
https://www.breitbart.com/economy/2022/02/10/january-cpi/
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Offline Hoodat

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #1 on: February 10, 2022, 02:30:35 pm »
White House:  Just another indication of how well Biden is doing with our economy.
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Offline Wingnut

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #2 on: February 10, 2022, 02:32:26 pm »
I can't imagine how this effects families with children.  It must be a hellofa strain.   
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Offline Hoodat

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #3 on: February 10, 2022, 02:36:54 pm »
I made the mistake of offering to fix sliders for my son yesterday.  Stopped off at the grocery store to grab some buns and meat.  I ended up paying $8 for a pound of ground beef.  Never again.  I told my son we would exclusively be eating chicken from now on.  Chicken is still decently priced (locally $3/lb for boneless breasts).  But you see substantial price increases in everything else from bread to canned goods to produce.
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If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-


"The [U.S.] Constitution is a limitation on the government, not on private individuals ... it does not prescribe the conduct of private individuals, only the conduct of the government ... it is not a charter for government power, but a charter of the citizen's protection against the government."

-Ayn Rand-

Online rustynail

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #4 on: February 10, 2022, 02:43:00 pm »
With COLAs and rising wages everything is OK.  LGB!
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Offline catfish1957

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #5 on: February 10, 2022, 02:47:19 pm »
Lies....Lies.....Lies.....

ACTUAL inflation is more in the 11-17% annual range, and trending higher by the week.
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #6 on: February 10, 2022, 02:50:30 pm »
Chad Pergram
@ChadPergram

GOP IN Sen Braun on Fox on inflation: In the Trump economy, you had record low inflation, wages were going up the old fashioned way, without Government being the driver. We need to look probably no further than what was working there.

8:56 AM · Feb 10, 2022·Twitter Web App
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Offline sneakypete

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #7 on: February 10, 2022, 02:56:22 pm »
There MUST be someone,somewhere,who is surprised by this.

Most likely an Economics Professor at some leftie college or university.
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Offline catfish1957

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #8 on: February 10, 2022, 02:59:37 pm »
Note to Slow Joe Biden.....

I do  a very careful,  exacting,  and systematic  budgetary exercise EVERY January 1st.  I mean down to the Dollar.

'22 versus '21?.....  It was UP 14.09%. Don't feed us this bull shit, you lying POS!!!!!!!
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #9 on: February 10, 2022, 03:01:52 pm »
Election Wizard
@ElectionWiz

Well, on the bright side, at least consumer inflation in the U.S. is not as bad as inflation in Venezuela...yet.




9:35 AM · Feb 10, 2022   Twitter Web App
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #10 on: February 10, 2022, 03:04:09 pm »
Scott Adams
@ScottAdamsSays

Inflation is a stealth form of systemic racism because it hits low-income people the hardest.

The rich take a hit too, but their assets rise with inflation, they can repay their existing loans in cheaper dollars, and often they can pass along price increases to their customers.


9:31 AM · Feb 10, 2022·Twitter Web App
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #11 on: February 10, 2022, 03:06:29 pm »
"Inflation soars, and not just for Food & Energy.   See the data on Rents vaulting higher. Biden crushes prosperity, especially for middle and lower income Americans…"  (Video)



https://mobile.twitter.com/CortesSteve/status/1491773814044303365
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #12 on: February 10, 2022, 03:09:32 pm »
Manish Singh
@Manish_05Singh

US CPI inflation at the end of Y1 of US Presidents' first term in office

President Biden +7.5%

President Trump +2.7%
President Obama +0.2%
President Bush +3.7%
President Clinton +3.2%
President HW Bush +4.8%


9:04 AM · Feb 10, 2022·Twitter Web App
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Offline DefiantMassRINO

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #13 on: February 10, 2022, 03:12:25 pm »
America's worst nightmare has become reality ... a 2nd Jimmy Carter administration.

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Offline catfish1957

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #14 on: February 10, 2022, 03:14:57 pm »
Quote from: Right_in_Virginia on February 10, 2022, 03:09:32 pm
Manish Singh
@Manish_05Singh

US CPI inflation at the end of Y1 of US Presidents' first term in office

President Biden +7.5%

President Trump +2.7%
President Obama +0.2% *
President Bush +3.7%
President Clinton +3.2%
President HW Bush +4.8%


9:04 AM · Feb 10, 2022·Twitter Web App

Before even remotely thinking Obama did any good.....

An  asterik has beeb added to Obama, being '09 was in the midst of the second worst financial crisis of the past 100 years.  In fact, if the idiotic government hadn't infused QE1, QE2, etc. etc., and kicked the can down the road, we would have likely saw deflationary pressures not scene since the '30's.
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Offline catfish1957

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #15 on: February 10, 2022, 03:15:59 pm »
Quote from: DefiantMassRINO on February 10, 2022, 03:12:25 pm
America's worst nightmare has become reality ... a 2nd Jimmy Carter administration.



I lived through Carter.  This is 2X worse.
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #16 on: February 10, 2022, 03:17:27 pm »
The Associated Press
@AP

There are few signs that inflation will slow significantly soon. Most factors that have forced up prices since last spring remain in place: Wages are rising, and overwhelmed ports and warehouses mean many products and parts are in short supply.

(More)  https://t.co/xH9xB0k2XU

9:13 AM · Feb 10, 2022  SocialFlow
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #17 on: February 10, 2022, 03:18:57 pm »
Quote from: catfish1957 on February 10, 2022, 03:14:57 pm
Before even remotely thinking Obama did any good.....

An  asterik has beeb added to Obama, being '09 was in the midst of the second worst financial crisis of the past 100 years.  In fact, if the idiotic government hadn't infused QE1, QE2, etc. etc., and kicked the can down the road, we would have likely saw deflationary pressures not scene since the '30's.

Thanks for this @catfish1957    ...... it didn't "feel" right.
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #18 on: February 10, 2022, 03:22:05 pm »
Eric Schmitt
@Eric_Schmitt

Inflation jumps 7.5% year-over-year. Americans are paying more for just about everything under Biden:

Gas: +40%
Electricity: +10.7%
Bacon: +18.1%
Eggs: +13.1%
Furniture: +17%
Used Cars & Trucks: +40.5%
Car & Truck Rentals: +29.3%

Although crack pipes are free.


8:56 AM · Feb 10, 2022·Twitter for iPhone
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #19 on: February 10, 2022, 03:24:14 pm »
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Offline Right_in_Virginia

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #20 on: February 10, 2022, 03:27:03 pm »
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Offline catfish1957

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #21 on: February 10, 2022, 03:29:41 pm »
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Offline dfwgator

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #22 on: February 10, 2022, 03:45:52 pm »
Quote from: catfish1957 on February 10, 2022, 03:15:59 pm
I lived through Carter.  This is 2X worse.

I will say this,  I had a lot of disagreements with Jimmy Carter,  but Brandon isn't worthy to shine Jimmy's shoes.
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Offline deb

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #23 on: February 10, 2022, 03:49:10 pm »
Quote from: catfish1957 on February 10, 2022, 03:15:59 pm
I lived through Carter.  This is 2X worse.

At least Carter was a tolerable man.
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Offline cato potatoe

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Re: Consumer Prices Explode 7.5% Higher, Worst Inflation in 40 Years
« Reply #24 on: February 10, 2022, 03:51:02 pm »
I would like to know who experienced 7% consumer product inflation, so I can go shopping with them.  Argentina's government finally dispensed with the smoke & mirrors, and it's time we caught up.
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