Going to the store for a gallon of milk, honey, be right back..................
Posted on 06/10/2021 7:03:31 AM PDT by ChicagoConservative27
Consumer prices surged higher in May.
The Consumer Price Index rose five percent compared with a year ago, the Department of Labor said Thursday. On a monthly basis, the CPI rose a hotter than expected 0.6 percent.
Economists had expected the Labor Department to report that consumer prices rose 0.5 percent in May compared with April. The consensus forecast was for a 4.7 percent gain when measured against May of 2020, which would have been the hottest reading since skyrocketing energy prices pushed up the index in the fall of 2008.
(Excerpt) Read more at breitbart.com ...
Well, I was getting too fat anyway.....................
Lol, only 5%.
What else would anyone expect from the Bureau of Lies And Statistics.
Gas, meat, 2x4s and plywood must not count. Wait until they ignore corn and soy beans.
Going to the store for a gallon of milk, honey, be right back..................
It’s all by design to separate us from our savings, for their next trip, deflate your 401Ks!
It is just beginning, there is a good article at zerohedge which talks about all the wonderfulness which is going to come from the ESG fecal material taking over corporations. Expect to pay more for energy, which goes into everything, vegetable oils and meats (diverted to biodiesel and waste used as livestock feed).
Stock up if you can. Pray for guidance.
If the government is REPORTING 5%, then the real figure may be much worse.
Hang on, it’s gonna be a tough old toboggan ride to the bottom.
There will be a bottom....
HAYLllloooo.....
Comparing an economy that’s roaring back with one that’s shut down is tricky.
This is much faster than 2008.
In fact I don’t remember anytime in my 60+ life it has done this.
The closest to this crazy was under Carter when he crashed the entire economy.
You are actually right. They count things like auto purchases, appliance purchases, stuff like that. It makes no sense to me, because those are the things you buy once and then not again for a long time. But, groceries, gas, clothing, etc. these are things that we buy all the time; but, they don't look at those. Again, makes no sense to me; but, that is how they do it.
I believe the "Misery Index" is the one that counts stuff that we buy all the time as part of our life, groceries, gas, energy to warm/cool our homes. I find that the Misery Index seems to reflect true inflation better because it actually looks at the stuff we use in our lives on a daily basis.
Joe Biden might just crash the economy soon if this is the same deal as Carter’s economy. Americans won’t be able to afford rising prices then we’ll see the crash.
Just temporary folks, move along.
WHEW. Only 5%. I thought the 100% increases I’m seeing in everything was the real rate.
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