The Briefing Room
General Category => Economy/Business => Topic started by: mystery-ak on May 28, 2021, 05:49:04 pm
-
Price Shock: Inflation Soars to 29-Year High
John Carney 28 May 2021
A key measure of inflation accelerated to a faster-than-expected 3.1 percent annual gain in April, the Commerce Department reported Friday.
The last time the core personal consumption expenditures index hit 3.1 percent was in May of 1992, when George H. W. Bush was president and inflation was still recovering from the stagflationary 1970s era.
(https://fred.stlouisfed.org/graph/fredgraph.png?g=EjF9)
Federal Reserve officials consider core PCE inflation, which excludes food and energy, to be their primary gauge of price stability, one-half of the central’s bank’s core aims in formulating monetary policy. The other half is maximizing employment.
Prices of many items fell last year as the pandemic struck and lockdowns were implemented in an effort to contain the spread of the virus. As a result, year-over-year measures of inflation are expected to be very high over the next few months, reflecting what economists call a “base effect.”
But April’s record inflation is not entirely a base effect. The month-over-month core PCE inflation, at 0.7 percent, is the highest since October 2001. In fact, monthly inflation has only climbed above 0.4 percent in one month since then, in January of 2007.
more
https://www.breitbart.com/economy/2021/05/28/inflation-soars-to-29-year-high/#
-
One trip to the grocery store or lumberyard and you can see that inflation is alive and well.
-
Biden's economy. He sure has it cook'n.
-
https://www.youtube.com/watch?v=w3fRBzRngdc
-
One trip to the grocery store or lumberyard and you can see that inflation is alive and well.
I grocery shop about once a month and buy fresh produce and a few other things throughout the month. I went yesterday and was definitely shocked! Luckily we have a chest freezer full of food and a side freezer full. Guess I am going to have to really start watching the sales and buying just what's on sale. The sale prices that I ran across weren't that great either.
We just retired a few years ago and aren't just reliant on SS, but continued inflation is a tremendous concern and we've made cuts to our cost of living and have cut about as low as we can go without cutting into comfort and little extras here and there.
No one knows what the future holds except I expect things to get real bad very quickly and foresee socialism if not communism just around the corner.
Thanks to our cowardly SCOTUS and all the other liberal azzhats!
-
(https://scontent-iad3-2.xx.fbcdn.net/v/t1.6435-0/p526x296/191239910_10222490272657902_5716652315431076973_n.jpg?_nc_cat=101&ccb=1-3&_nc_sid=8bfeb9&_nc_ohc=0tYaBxZbjtgAX9rf8F8&_nc_oc=AQlSzMIHsUO4QOFUe6oOjYPCxA9ObUHU_ZtK6YYTztKFju9VM5heHcN0-NYmllM-CEk&_nc_ht=scontent-iad3-2.xx&tp=6&oh=a60a22dba8975c3f07c974edd4a371b4&oe=60D79926)
Posted on Facebook (https://www.facebook.com/travis.baker.925)
-
(https://scontent-iad3-2.xx.fbcdn.net/v/t1.6435-0/p526x296/191239910_10222490272657902_5716652315431076973_n.jpg?_nc_cat=101&ccb=1-3&_nc_sid=8bfeb9&_nc_ohc=0tYaBxZbjtgAX9rf8F8&_nc_oc=AQlSzMIHsUO4QOFUe6oOjYPCxA9ObUHU_ZtK6YYTztKFju9VM5heHcN0-NYmllM-CEk&_nc_ht=scontent-iad3-2.xx&tp=6&oh=a60a22dba8975c3f07c974edd4a371b4&oe=60D79926)
Posted on Facebook (https://www.facebook.com/travis.baker.925)
Pretty well sums it up right there....
-
And honestly I think the Biden financial cabal has falsified the result on the low side. IMO we are seeing overall inflation we haven't seen since the Carter era.
-
https://twitter.com/odonnell_r/status/1401930831430627329
-
https://twitter.com/odonnell_r/status/1401930831430627329
Unbelievable. New homes won't be affordable so we'll see job losses in the construction industry and people won't have access to affordable housing.
Thank Biden and his azzhats!!