From shadowstats
Posted on 03/10/2022 5:45:41 AM PST by John W
Inflation grew worse in February amid the escalating crisis in Ukraine and price pressures that became more entrenched.
The consumer price index, which measures a wide-ranging basket of goods and services, increased 7.9% over the past 12 months, a fresh 40-year high for the closely followed gauge.
The February acceleration was the fastest pace since January1982, back when the U.S. economy confronted the twin threat of higher inflation and reduced economic growth.
On a month-over-month basis, the CPI gain was 0.8%. Economists surveyed by Dow Jones had expected headline inflation to increase 7.8% for the year and 0.7% for the month.
Food prices rose 1% and food at home jumped 1.4%, both the fastest monthly gains since April 2020, in the early days of the Covid-19 pandemic.
Energy also was at the forefront of ballooning prices, up 3.5% for February and accounting for about one-third of the headline gain. Shelter costs, which account for about one-third of the CPI weighting, accelerated another 0.5%, for a 12-month gain of 4.7%.
(Excerpt) Read more at cnbc.com ...
Come on man!!!
We owe a lot of thanks to every Democrat voter. We would not have reach this point in time without them. /s
“More than expected” by whom?
Unexpected!!!
Americans are paying one hell of a price for Jo Jo and Camela to have their Wag The Dog ‘war’ and it’s going to get worse. They are going to crash America which might no be a bad thing. All the illegal foreign “refugees” will go the hell home once America is broke. They’ll be Mexico’s problem again.
...and don’t forget all the dead ones that voted too!
“Economists surveyed by Dow Jones”
“We owe a lot of thanks to every Democrat voter. We would not have reach this point in time without them. /s”
They will just say: “Think how much worse it would be with Trump?”
If you think I’m joking, I’m not.
“more than expected”
The people doing the predictions were wrong again.
The headline writer is innumerate. The article says prices rose at an ANNUAL rate of 7.9%. That is a lot different than prices rising 7.9% in February alone.
But, honestly. I find the 7.9% jump in February alone much more realistic. Who believes we are in an ANNUAL 8% inflation? That is completely ridiculous.
Who ya gonna believe? Government or your own eyes?
If we had just passed Uncle Joe’s eleventy trillion dollar spending spree, we’d have whipped this inflation just like a stand down of ole Cornpop.
What’s interesting and a sign of how the media can sway public opinion.
Another person posted a similar article about 3-4 spots above this article from NBC, in that article with the same inflation numbers said the rise in inflation was right in line with economist expectations.
This article states that inflation is increasing at an accelerated pace which evidently was unexpected.
Malarkey. It’s double digits easy. Faking a lot of crap to show 8%
Heard/read that word and variations a lot during Obama's first 2 terms.
From shadowstats
More than expected.
So tired of the media bias.
The Biden administration is in overdrive to change the narrative to “It’s all Putin’s fault!”. Keep stickin’ it to ‘em. BIDEN OWNS THIS.
The Biden administration is in overdrive
More of that “transitory” inflation.
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