Posted on 08/27/2021 2:04:08 PM PDT by Avalon Memories
It’s been more than thirty years since consumer inflation ran as hot as it did in July.
Consumer prices were up 4.2 percent compared with July of 2021, according to the Personal Consumption Expenditure price index released Friday. That’s the highest since January of 1991. Core prices, which strip out volatile food and energy costs, were up 3.6 percent, also a thirty-year high.
(Excerpt) Read more at breitbart.com ...
Please move this to Breaking News if you agree that it should be considered breaking. This news just came out today. Thanks.
Let me guess. Trump’s fault...
Of course. Biden never takes genuine responsibility for anything. Even when he says he is responsible, it’s always in a backhanded way and he immediately points the blame elsewhere.
The real number for consumers is probably double the “official” number that has been gamed to f&^% over social security and other .gov benefit recipients.
Food and fuel are at the core of my spending and living...
I don’t care what anybody says.
“Core prices, which strip out volatile food and energy costs” never fools anybody.
Everybody knows that the worst things about inflation are everyone’s fuel and food costs-—and the fuel ones figure into the next month’s farm vehicles, semis, grocery delivery trucks and UPS and Amazon trucks or airplanes, so all the other prices go up.
So tell us all the prices and don’t take out what we care about. Your medical cost share goes up 45% and worse for insulin, but the cost of a deluxe video gamer chair and a new skateboard went down 60%. Why do you feel poorer?
Unless fuel and food are now free so aren’t on the inflation books any more. The Marxist utopia is here. Just get in line today for tomorrow morning’s rations.
I got my start when inflation was 14%. Outran inflation with real estate, and a little later, stock investing. Started at 30, retired at 60.
The current inflation is historically low. Don’t listen to people who make excuses and find boogie men to blame, listen to people who make money. People are making a lot of money right now. Even me, in retirement.
Invest in things that outrun inflation, there are enough to choose from.
The best way to get rid of Biden and the rotten wealthy celebrity culture he and the Democrats represent is to strictly enforce all of it.
Making CarterIdiot look like a joke.
#notmypresident BidenIdiot will go down as one of the worst, if not the worst, US President in US history. Bet.
Same here.
I live a very basic and pretty non exciting life.
Other than the old jalopy collection, there isn’t much else.
“Transitory”, “Breakthrough”. “Rare, “Unexpected”. Words that keep cropping up in the news.
I like how they don’t calculate food and energy prices./sarc
typical mess the Marxists always create when they’re in charge.
Look at our major cities in the US to see what they do on a smaller scale.
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