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General Category => Economy/Business => Topic started by: mystery-ak on April 13, 2021, 04:03:01 pm

Title: Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Post by: mystery-ak on April 13, 2021, 04:03:01 pm

Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Published Tue, Apr 13 20218:30 AM EDTUpdated Tue, Apr 13 202110:03 AM EDT
Jeff Cox
@Jeff.cox.7528
@JeffCoxCNBCcom

    The consumer price index rose 0.6% in March from the previous month and 2.6% from a year ago, according to the Department of Labor.

    That compares to Dow Jones estimates of 0.5% and 2.5% respectively.

    A surge in gasoline prices accounted for about half the gain amid signs of an accelerating economic recovery.

Consumer prices shot higher in March, given a boost by a strong economic recovery and year-over-year comparisons to a time when the Covid-19 pandemic was about to throttle the U.S. economy, the Labor Department reported Tuesday.

The consumer price index rose 0.6% from the previous month but 2.6% from the same period a year ago. The year-over-year gain is the highest since August 2018 and was well above the 1.7% recorded in February.

The index was projected to rise 0.5% on a monthly basis and 2.5% from March 2020, according to Dow Jones estimates.

more
https://www.cnbc.com/2021/04/13/us-consumer-price-index-march-2021.html

Title: Re: Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Post by: skeeter on April 13, 2021, 04:14:40 pm

Unexpected!

Title: Re: Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Post by: Wingnut on April 13, 2021, 04:15:44 pm

Quote from: skeeter on April 13, 2021, 04:14:40 pm

Unexpected!

Totally. 

Title: Re: Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Post by: dfwgator on April 13, 2021, 04:16:09 pm

Another Biden Miracle!

Title: Re: Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Post by: Wingnut on April 13, 2021, 04:21:09 pm

Quote from: dfwgator on April 13, 2021, 04:16:09 pm

Another Biden Miracle!

This Biden kid really makes things happen out there!

Title: Re: Consumer prices rise more than expected, pushed by 9.1% jump in gasoline
Post by: LMAO on April 13, 2021, 04:24:35 pm

There’s no question that the rising gas prices specifically  can be blamed on Biden’s energy policies

But all the stimulus for Covid did get their start under Trump’s tenure. In fact, Trump ripped Biden for not making the checks bigger.