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Author Topic: Surging Costs Keep Inflation Running Hot  (Read 368 times)

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Offline rangerrebew

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Surging Costs Keep Inflation Running Hot
« on: April 12, 2023, 12:57:37 pm »
Surging Costs Keep Inflation Running Hot
 
Spencer Brown
April 12, 2023 9:45 AM
 
The latest Consumer Price Index (CPI) released on Wednesday shows that costs sent soaring by the Biden administration are still not showing signs of easing to provide relief for Americans whose real wages have been running negative for months.


The headline month-over-month number came in at 0.1 percent for March for a 12-month advance of five percent, but the core CPI number — excluding more volatile food and energy costs — continues to burn even hotter with a 0.4 percent month-over-month increase to rise 5.6 percent in the last year.


Overall, Americans have now dealt with 23 months of inflation above five percent during Biden's 26 months in office.

https://townhall.com/tipsheet/spencerbrown/2023/04/12/surging-energy-costs-keep-inflation-running-hot-n2621853
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Re: Surging Costs Keep Inflation Running Hot
« Reply #1 on: April 12, 2023, 01:01:32 pm »
When the crash comes it is every man for himself. 
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Offline DefiantMassRINO

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Re: Surging Costs Keep Inflation Running Hot
« Reply #2 on: April 12, 2023, 01:05:49 pm »
The Fed is trying to destroy demand by crashing the economy.  But, there hasn't be a concerted effort to improve supply.

Price has two components - demand vs supply.  Supply is the side that requires Congressional action.  (Let our energy pipelines go!)
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