Posted on 04/12/2022 5:40:55 AM PDT by John W
Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday.
The consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the already elevated Dow Jones estimate for 8.4%.
(Excerpt) Read more at cnbc.com ...
> Starting a pool: how many times do you think we will hear “the Putin Price Increase” from White House and Media today? <
Let’s assume for a moment that this inflation is entirely due to Putin (it isn’t, of course). Then the question becomes: Why did Putin behave when Trump was president, but start a war now that Biden is president?
Someone needs to ask that question at a White House briefing.
Shadow Stats has Consumer Inflation pegged at 17% right now.
“Who in their right mind think that raising interest rates slows inflation? “
Paul Volker
Stuff in the grocery seems to go up every week!
“the liberals want to reset all the way back to Carter.”
More like Mohenjo-Daro.
8.5% is a catastrophe, thanks FJB.
I'll bet we don't hear "women and children hardest hit."
Ad nauseum. They will print it on the idiot cards they provide Brandan.
They could lend that slogan to Zalenskyy for a few years. He’s going to be be begging for money much the same as he’s now begging for weapons.
Channeling Goebbels.
Number 1 pop hit from December 1981 was “Physical” by Olivia Newton-John. I never liked that song. Rod Stewart had a hit with “Young Turks”.
“Taps” was released in December 1981. For me, one of the funniest movies ever. Lighten up Francis.
Inflation is so bad that even changing the formula no longer hides it.
The real rate is in the teens. For now.
“The Ministry of Peace concerns itself with war, the Ministry of Truth with lies, the Ministry of Love with torture and the Ministry of Plenty with starvation. These contradictions are not accidental, nor do they result from from ordinary hypocrisy: they are deliberate exercises in doublethink”
― George Orwell, 1984
How long before we have a Ministry of Plenty for real?.........................
The masses begin to ask relative questions and think.
**************
Don’t know about that. It seems you can fool most of the people most of the time.
Wait till those cpi numbers get into the cola escalators in work pay and benefit clauses. The gift that keeps on giving. Only good news is the tax tables adjust for it also!
Thank God Reagan got the income tax brackets indexed for inflation.
Before that, inflation actually caused taxes to go up faster than the CPI. Inflation benefited the govt.
I won’t be listening to them, but I’m sure that will be the talking point of the day, stock market futures are up for some reason.
“Who in their right mind think that raising interest rates slows inflation?”
Just about anyone that knows anything about money.
Allowing the government to calculate inflation is like putting the Mafia in charge of the casino count room.
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