Durable Goods Inflation Breaks All-Time 1970s High as Prices Jump 14.9%

[mystery-ak]

Durable Goods Inflation Breaks All-Time 1970s High as Prices Jump 14.9%

John Carney 11 Dec 2021

While the overall pace of inflation reached a nearly four-decade high in November, inflation for longer-lasting goods actually hit an all-time high.

Prices of durable goods jumped 1.6 percent in November compared with the prior month, data from the Labor Department showed Friday.  That would be an all-time record apart from the extraordinarily high monthly price hikes seen in April, May, and June of this year.

Over the past 12-months, prices of durable goods are up 14.9 percent, higher than the record annual gain of 14.4 percent hit in May 1975.

more
https://www.breitbart.com/economy/2021/12/11/durable-goods-inflation/

[DCPatriot]

How is it, under a Biden economy, when gas goes from $1.70 @ gallon to $3.40 @ gallon...it's only deemed a "50% increase"??

Price doubles?  According to the Jesuits, that's a 100% increase. 

[libertybele]

Durable Goods Inflation Breaks All-Time 1970s High as Prices Jump 14.9%

John Carney 11 Dec 2021

While the overall pace of inflation reached a nearly four-decade high in November, inflation for longer-lasting goods actually hit an all-time high.

Prices of durable goods jumped 1.6 percent in November compared with the prior month, data from the Labor Department showed Friday.  That would be an all-time record apart from the extraordinarily high monthly price hikes seen in April, May, and June of this year.

Over the past 12-months, prices of durable goods are up 14.9 percent, higher than the record annual gain of 14.4 percent hit in May 1975.

more
https://www.breitbart.com/economy/2021/12/11/durable-goods-inflation/

...hmmm let's see.... durable goods are up 14.9% and the increase in social security is 5.9%, and medicare premiums are up 14%.  Hey , thanks Joe!

Let's Go Brandon!!!

[mountaineer]

Sen. John Cornyn