Posted on 06/12/2024 7:27:35 AM PDT by Kaiser8408a
The middle class and low wager workers are made for kicking. And that’s with Bidenomics did.
The headline consumer price index was unchanged MoM in May – the smallest change since July 2022 – just less than the +0.1% MoM expected. On a YoY basis, headline CPI rose 3.3% (less than the 3.4% exp) – but very much stuck in a range well above the 2% target for over year now…
Source: Bloomberg
Energy was the biggest drag on the headline CPI MoM…(Gasoline prices tumbled 3.6% in May from April, one key reason why the headline CPI was flat on the month. )
Source: Bloomberg
Core CPI rose 0.2% MoM (below the 0.3% exp) pulling the YoY change down to 3.4% (from 3.6% and below the 3.5% exp). That is the lowest Core CPI YoY since April 2021…
Source: Bloomberg
Core CPI has not had a down-month since President Biden was elected.
Core Services inflation slowed notably MoM…
Source: Bloomberg
The shelter index increased 0.4 percent in May and was the largest factor in the monthly increase in the index for all items less food and energy.
May Shelter inflation 5.41% YoY, down from 5.55% in April and lowest since April 2022 May Rent inflation 5.30% YoY, down from 5.44% and lowest since May 2022 For context on how important housing costs are to US inflation data, the shelter index rose 5.4% over the last year, making up over two thirds of the total 12-month increase in the all items less food and energy index.
Source: Bloomberg
It does make one wonder were exactly the BLS is getting their BS OER data from…
The full breakdown…
Services INflation remains awkwardly stuck above 5% while Goods DEflation is at its weakest since January 2004…
Source: Bloomberg
(Excerpt) Read more at confoundedinterest.net ...
The more correct statement is that the U.S. Dollar is at record lows - intentionally.
All greed flation. Some CEO got paid and some company paid a dividend. That is proof my sister has that it is all companies and not the socialists in power.
Ok, so Marx is still alive and well. Them greedy capitalist.
Makes a grown man jealous. (Never mind the destructive consequences of printing money.)
Oh, and don’t forget, the “injustice” of capitalism has produced the greatest wealth and raised the highest standard of living known to mankind. That is why the complaint against capitalists is such old schtick (although it works for lower intellects). Nowadays they prefer to make people jealous about gender.
Hmmm
Where in the Nation has inflation been at 20%?
Every observable indicator(like milk, eggs, gas, restaurant menus, bread, etc...etc...) is a minimum of 30-40% higher since January 2021...
This article is garbage BS communist propaganda...
20% my bleached white pasty butt!!!!
Add in shrinkflation and you are closer to 40%!!!!!!
Lying sacks of.......
Yep. I went to Home Depot to get some hurricane supplies.
2, 5 gallon buckets, AA and D sized batteries. Not the mega packs. $68 and some change.
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