Posted on 06/10/2021 5:36:55 AM PDT by tatown
Consumer prices for May accelerated at their fastest pace in nearly 13 years as inflation pressures continued to build in the U.S. economy, the Labor Department reported Thursday.
The consumer price index, which represents a basket including food, energy, groceries, housing costs and sales across a spectrum of goods, rose 5% from a year ago. Economists surveyed by Dow Jones had been expecting a gain of 4.7%.
(Excerpt) Read more at cnbc.com ...
Giving out money indiscriminately? What harm could that do??
Them princes can jump, and I mean royally!
But it was “expected”...so the Fed is off the hook
They jump for joy!.......................
Obama again
But….it’s “transitory.” Ha ha ha.
Everything they touch turns to siht.
Haha...yeah that’s what I get for simply cutting and pasting a CNBC headline. They had the misspelling in their original headline.
I saw a sale price for Coke until 2022. The sale price is higher than usual sale price here by 33%. Processed cheap chicken things I buy were advertised for sale at the normal price, with new price 50% higher. If they aqre saying 5%, it is very bad...
2008 was the year the Democrats took all branches. Here we go again.
Yes just like the value of our 401k’s
Lying mf’ers.
And of course, all those of us with even an elementary knowledge of econ knew what, to the media, was “unexpected”.
Low IQ? No ability to think? Want to pretend you are semi intelligent anyway? Go into the media. Become a “talent”.
And pray we do not find you following CW-II.
The paycheck is what is truly transitory with this inflation.
Welcome back stagflation! Haven’t seen you since the carter days!
Gold and silver are seeing hard ceilings at 1900 and 28 respectively.
When they bust loose, who knows where this will lead? Not to mention all other commodities.
...and the Biden adoring Wall St seems to absolutely love it.
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