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White House says it expects inflation to be ‘extraordinarily elevated’ in new report
Cnbc ^ | 04/11/2022 | Thomas Franck

Posted on 04/11/2022 12:53:02 PM PDT by ChicagoConservative27

WASHINGTON — The Biden administration is bracing for Tuesday’s key consumer inflation report to show that the prices Americans pay soared in March, as Russia’s assault on Ukraine caused energy prices to jump.

White House press secretary Jen Psaki said Monday that the Labor Department’s previous report – which showed prices rising at a dramatic rate in February – failed to include the majority of the jump in oil and gas costs caused by the Kremlin’s unprovoked invasion.

(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: bideneconomy; elevated; extraordinary; inflation; whitehouse
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To: ChicagoConservative27

Extraordinary is the new unexpected.

Very helpful, good to know. These people are on the ball.


21 posted on 04/11/2022 1:20:59 PM PDT by The Antiyuppie (When small men cast long shadows, then it is very late in the day)
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To: Living Free in NH
I am betting it is price per pound.

My Walmart deli chicken wings went from 6.89/lb to 9.99/lb.

Too pricey for me...and for many others from what I see as they lay there withering under the infrared.

22 posted on 04/11/2022 1:22:48 PM PDT by Adder (Proud member of the FJBLGB community: /s is implied where applicable.)
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To: ChicagoConservative27

That can’t be...all of those Nobel laureate economists said that printing and spending lots of money would make inflation go away???

Oh yeah...just yesterday I bought a small bag of M&M’s candy at the grocery check out: $3.99!!! I would have returned it except that the gas and the hwy tolls would have cost more than the candy.


23 posted on 04/11/2022 1:25:18 PM PDT by RouxStir (No Peein' in the Gene Pool)
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To: RouxStir

Shouldn’t a war that affects the entire globe cause a recession Joe???

You obviously botched something bigtime.....


24 posted on 04/11/2022 1:42:23 PM PDT by blackberry1
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To: Jolla

wow!

we have a few items we can report too, over last couple months:

pint of egg salad from 4.99 to 6.99 then to 11.99
gas 3.19 or 3.29 now 6.09 to 6.39
little tv dinners were 1.00 now 2.00 to 2.49

Chinese lunch in small plain strip mall joint, for 2 (no drinks, no desserts, no side dishes) just egg foo young and chicken chow mein, 50 bucks when tip included

concert tickets now up to $285 for regular seats

good burger joint burger up from around $8 to now over $11
and their fries are up from 5.99 large to around 7.99

breakfast (burger patty and two eggs) no drink $25

and so it goes, “normal” people (economically speaking) are being squeezed squeezed squeezed some more

which appears to be the plan


25 posted on 04/11/2022 1:45:03 PM PDT by faithhopecharity (“Politicians are not born. They’re excreted.” Marcus Tillius Cicero (106 to 43 BCE))
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To: ChicagoConservative27
the majority of the jump in oil and gas costs caused by the Kremlin’s unprovoked invasion

They just start lying right out of the box.

26 posted on 04/11/2022 1:45:26 PM PDT by grobdriver (The CDC can KMA!)
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To: faithhopecharity

In the 70’s, Carter was just incompetent.

Now in the 2020’s, PedoJoe is just pure evil.

They know exactly what they’re doing - the complete destruction of America.


27 posted on 04/11/2022 1:49:57 PM PDT by newfreep (“Leftism, under all of its brand names, is a severe, violent & evil mental disorder.”)
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To: Living Free in NH

How much chicken are you talking about

2.5 lbs


28 posted on 04/11/2022 1:58:15 PM PDT by Jolla
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To: Jolla

my favorite frozen chicken breast went from 7.99 to 12.99 in a month.


I didn’t pay much attention prior but now, sliced roast beef is $15.99 per pound in Oklahoma City.

(Gonna need to defrost a possum from the freezer in the garage if this keeps up!).


29 posted on 04/11/2022 2:07:13 PM PDT by AFret.
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To: AFret.

Instead of robbing the pharmacy, crooks gonna be robbing the deli department.


30 posted on 04/11/2022 2:10:58 PM PDT by nascarnation (Let's Go Brandon!)
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To: ChicagoConservative27

Ghosts of Baghdad Bob continue to insist its not your all’s fault, at all......./s


31 posted on 04/11/2022 2:12:45 PM PDT by cranked
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To: ChicagoConservative27

Good.


32 posted on 04/11/2022 2:29:41 PM PDT by Signalman
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To: ChicagoConservative27

and just how much higher do you think the people can afford???


33 posted on 04/11/2022 2:50:09 PM PDT by Chode (there is no fall back position, there's no rally point, there is no LZ... we're on our own. #FJB)
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To: ChicagoConservative27

Where are the articles about our retirement savings/investments being wiped out?


34 posted on 04/11/2022 3:08:34 PM PDT by aimhigh (THIS is His commandment . . . . 1 John 3:23)
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To: faithhopecharity

Gas is way up here-$4.00 or close to it-even in this rural area-I’ve put some “I did that” stickers on gas pumps-and most already had at least one on it-no one is getting pissed or calling the sheriff over that here-I guess we are all realists with a sense of dark humor...

I don’t eat take-out/precooked/processed food-only buy and cook fresh-we are lucky most veggies are produced organically, in this state-same with the grass fed/free range meat, so it is not as expensive as factory farm and feedlot stuff-but it is still high-80-20 ground beef is up $1 per lb in 2 months, ribeye steaks are 12.99 per lb on “special”-even chicken legs are up nearly $1 per lb, and pork chops a king’s ransom. Fresh veggies like spinach, kale, mustard greens are $1.69 per bunch-up from $1.29 in about 5 weeks- brussels sprouts, broccoli, etc can’t be touched for less than 2.49 lb. The local organic farm-to-table restaurant is not affordable right now, either-bummer-and it is the beginning of the tourist season here, too-business is really going to be down for all of us-lets go Brandon...


35 posted on 04/11/2022 4:27:56 PM PDT by Texan5 ("You've got to saddle up your boys, you've got to draw a hard line"...)
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To: ChicagoConservative27

So, everyone still thinks the dems care about Ukrainian people? They would kill their own family for power, let alone unwashed Ukrainian people. They have successfully pinned all their economic policies on Russia. Bonus, imagine if they pick Putin’s placement.


36 posted on 04/11/2022 5:15:24 PM PDT by momincombatboots (Ephesians 6... who you are really at war with. )
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To: Texan5

You’re doing better on the inflation front than we are. Congrats!
Funny how I like spinach but detest kale. Ha!


37 posted on 04/11/2022 5:26:10 PM PDT by faithhopecharity (“Politicians are not born. They’re excreted.” Marcus Tillius Cicero (106 to 43 BCE))
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To: newfreep

Understood


38 posted on 04/11/2022 5:26:29 PM PDT by faithhopecharity (“Politicians are not born. They’re excreted.” Marcus Tillius Cicero (106 to 43 BCE))
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To: faithhopecharity

I like kale best steamed with spinach or arugula, rather than alone-it just isn’t as tasty as most greens...

Prices here are not as high as in a lot of other states in good times, either-we grow a lot of veggies, fruit and raise a lot of livestock in rural areas like this one-non-local produce-fancy stuff like avocados, snow peas, exotic fruits, etc is really expensive-probably because most of it is trucked in from Cali-grown there because it doesn’t get as cold as it does here...


39 posted on 04/11/2022 5:50:15 PM PDT by Texan5 ("You've got to saddle up your boys, you've got to draw a hard line"...)
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To: ChicagoConservative27
Market Braces For Scorching CPI As White House Warns Of “Extraordinarily Elevated” Inflation Numbers
40 posted on 04/11/2022 7:03:29 PM PDT by blam
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