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US Inflation Soars To 7.9% YoY In February As Gasoline Prices Climb 38% YoY, Food Rises 7.9% YoY)
Confounded Interest ^ | 03/10/2022 | Anthony B. Sanders

Posted on 03/10/2022 6:39:13 AM PST by Browns Ultra Fan

As expected, US inflation soared to 7.9% YoY in February as gasoline prices continue climbing.

US rent inflation (owner’s equivalent rent of residence YoY) surged to 4.30%. However, Zillow’s rent index last month was 15.93% YoY.

But if we look at US Monthly Rent YoY, we see that rents are climbing at a 17.6% rate.

Energy costs soared in February YoY. Gasoline was up 38%. Fuel Oil was up 43.6%. Food was up 7.9%.

Volatility (AVAT) rages in the energy sector.

There are still 7 rate hikes in the cards from The Federal Reserve.

Gold has been climbing as Russia invades Ukraine. Cryptos Bitcoin and Ethereum are steady, even as the Biden Administration issues an executive order to “study” cryptocurrencies.

(Excerpt) Read more at confoundedinterest.net ...


TOPICS: Business/Economy; Food; Government
KEYWORDS: biden; food; housing; inflation
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Cruz has it right. Energy and food were rising dramatically BEFORE Russia invaded Ukraine.
1 posted on 03/10/2022 6:39:13 AM PST by Browns Ultra Fan
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To: Browns Ultra Fan

It’s just a flesh wound. Man up!


2 posted on 03/10/2022 6:40:03 AM PST by Attention Surplus Disorder (Apoplectic is where we want them)
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To: Attention Surplus Disorder

Poverty is joy.

Forward comrades!


3 posted on 03/10/2022 6:42:28 AM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: Browns Ultra Fan

This is not sustainable and will quickly lead to a very severe recession.


4 posted on 03/10/2022 6:44:21 AM PST by Campion (All we are saying is give peace a chance.)
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To: Browns Ultra Fan

Real inflation rate is 20 - 25%. If this were happening with a Republican in office, the press would be all over this. HOWEVER, this is the one issue where the average voter knows exactly what the score is - no gaslighting can cover this up.


5 posted on 03/10/2022 6:45:39 AM PST by ghost of nixon
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To: Browns Ultra Fan

March is going to be an ugly report!


6 posted on 03/10/2022 6:48:45 AM PST by Erik Latranyi (We are being played by forces most do not understand)
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To: Erik Latranyi

“But...but....we’re helping Ukraine and fighting Putin, so stop complaining, you traitor!”


7 posted on 03/10/2022 6:49:36 AM PST by dfwgator (Endut! Hoch Hech!)
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To: Browns Ultra Fan
According to Shadow Stats, inflation is far higher than what the government is reporting:

The CPI chart on the home page reflects our estimate of inflation for today as if it were calculated the same way it was in 1990. The CPI on the Alternate Data Series tab here reflects the CPI as if it were calculated using the methodologies in place in 1980.

In general terms, methodological shifts in government reporting have depressed reported inflation, moving the concept of the CPI away from being a measure of the cost of living needed to maintain a constant standard of living.

alt-cpi-home2

sgs-cpi

8 posted on 03/10/2022 6:51:43 AM PST by Bon of Babble (Rigged Elections have Consequences)
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To: dfwgator
“But...but....we’re helping Ukraine and fighting Putin, so stop complaining, you traitor!”

Yes, comrade!! LOL

9 posted on 03/10/2022 6:59:46 AM PST by Erik Latranyi (We are being played by forces most do not understand)
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To: Browns Ultra Fan

BIDEN OWNS THIS
BIDEN OWNS THIS
BIDEN OWNS THIS
BIDEN OWNS THIS
BIDEN OWNS THIS


10 posted on 03/10/2022 7:14:17 AM PST by Kharis13
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To: Bon of Babble

Shadow stats is bunk. That’s not to say that CPI is accurate - for example the OER and rent #s are just ludicrous currently in CPI - but Shadow stats overstates inflation more than CPI understates it.


11 posted on 03/10/2022 7:25:51 AM PST by rb22982
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To: cgbg

If a person didn’t know any better, one might think the US looked at Venezuela and said, “Here, hold my beer.”


12 posted on 03/10/2022 7:32:32 AM PST by Qui is (First, never apologize to the enemy, and second, never forget that Biden spews and Harris swallows. )
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To: rb22982

More details, please—in what sectors do you think shadowstats is incorrect?


13 posted on 03/10/2022 7:34:23 AM PST by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: rb22982

“Shadow stats is bunk.”

For the individual it matters not what the government CPI or Shadow Stats reports. What matters is the actual inflation of the market basket the individual consumes and if the individual’s income is increasing in line with the inflation rate of that market basket. If the prices of the things I consume are rising 7%, and my income is rising 10%, inflation is not a factor. If the converse is true, inflation of what I actually buy is going up 10% annually, and my income only 7%, my actual disposable income is declining 3%.


14 posted on 03/10/2022 7:54:16 AM PST by Soul of the South (The past is gone and cannot be changed. Tomorrow can be a better day if we work on it.)
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To: Browns Ultra Fan

Transitory.... Everything I need is over 100% from last year. So many lies.


15 posted on 03/10/2022 7:54:59 AM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: Browns Ultra Fan

The gas price I paid last week: $3.89. This Monday $4.39. This morning $4.49. Everyone who buys gas knows what is occurring. They did just start seeing in the last week.


16 posted on 03/10/2022 8:06:03 AM PST by ConservativeInPA (Scratch a leftist and you'll find a fascist )
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To: Browns Ultra Fan

If I am not mistaken, fuel and grocery prices are EXCLUDED from the Consumer Price Index. So inflation is a whole lot worse than the CPI portrays


17 posted on 03/10/2022 8:30:59 AM PST by RatRipper (The Biden Adm is leading an attack against US citizens . . . pure evil.)
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To: Browns Ultra Fan

Let’s not forget tax inflation.

My property tax is up 15% this year on top of a 15% increase the year before.


18 posted on 03/10/2022 8:40:59 AM PST by seowulf (Civilization begins with order, grows with liberty, and dies with chaos...Will Durant)
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To: rb22982

I believe them over the government.


19 posted on 03/10/2022 8:43:07 AM PST by Bon of Babble (Rigged Elections have Consequences)
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To: Attention Surplus Disorder

Just the cost of unity huh.


20 posted on 03/10/2022 8:51:35 AM PST by Vaduz ( )
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