Posted on 02/10/2022 5:57:14 AM PST by Vermont Lt
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment.
Increases in the indexes for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent in January following a 0.5-percent increase in December. The energy index also increased 0.9 percent over the month, with an increase in the electricity index being partially offset by declines in the gasoline index and the natural gas index.
(Excerpt) Read more at bls.gov ...
And consider this--this was horrible even with the new methods of calculations. They update the weighting every two years. A lot of folks expected this to make it "look" better for Biden. But, you cannot put lipstick on a pig.
“Unexpectedly” much higher even than expected, meaning much worse. FJB I already knew this, just filled up the LP tank with a few hundred gallons. Just shopped at the store. Just got gas in my car. I hope not a single Dem gets elected in 2022, what a disaster.
Holy Crap! After all the BLS adjustments this was as low as they could go?
Inflation peaks within a year, this will be a much shorter period of inflation than in the late 70’s early 80’s.
Navigating the next year will be interesting, I’m looking forward to it, so far so good.
This is supply chain based, I imagine.
What concerns me on the inflation front is the government spending that has passed—but that hasn’t hit the books yet. That’s a couple trillion on top of the trillion dollars a year normally.
If we do not get the supply chain straightened out soon—that is going to be an awful lot of money chasing constrained goods supply.
But, as you write...it will be interesting.
Good moves, that’s the idea. Hunker down, plan ahead and keep moving. Inflation peaks this year, the storm will pass.
Supply chain improving now, waiting barge number is down, obviously still has more work to do. Such a big picture to assess, yes it’s very interesting and will remain so. For me this will probably be a year to just weather the storm.
I’d like to buy some more rural land though, the kids/grandkids will end up with it anyway. It’s interesting realizing that I don’t have a short horizon now, I have a long one since I’m really investing to help the young ones’ future.
Good luck with your investing, wasn’t it China who said “May you live in interesting times”?
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