Posted on 05/01/2022 8:53:33 AM PDT by ChicagoConservative27
New York (CNN Business)Inflation is at a 40-year high, and Americans are feeling it.
A gallon of gas costs about double what it cost in January 2021. Home prices were up a whopping 19.8% year-over-year in February. And, in March, groceries cost 10% more than they did a year earlier.
(Excerpt) Read more at cnn.com ...
The Ministry of Truth Praetorian Guard speaks.
Oh, thank goodness…. I was so worried. I’m glad inflation is ending now. /MAJOR LEAGUE SARCASM.
Mary Poppins needs to look into this….
PPI is higher than CPI. PPI is upstream from CPI. That means consumer prices will still rise. This article is wishful thinking and cheerleading.
Baghdad Bob has been located.
The wage inflation lags prolonging the inflationary cycle
+1
They would have you believe its all transitory.
Our expenses rise every week.
So, the government is going to stop spending trillions of dollars that nobody has?
If indeed some prices begin to decline, it will be because the economy is slowing, less productive and hence less demand for some items. However products that are having difficulty being made due to the government’s inhibitory regulatory activities such as fuel, electricity and food will continue to rise. Also it will soon be much more expensive to buy a durable vehicle with an internal combustion engine.
Huh. CNN. [smh]
Transitory
Playing with the economy...like temporary tax reduction...is the old Peter and Paul game....
Its hard for prices to subside when the government spends with abandon and the Fed is printing a waterfall of money. The Fed’s balance sheet is an astonishing $9 trillion.
Inflation is going to be with us for a lot longer than many people think.
Don’t worry, biden and the democrats want to print another $1.2t to pay off student loans for some.
Soon? Already us.
A friend bought a higher end SUV last Sumner for $65k.
Same vehicle is $75k right now.
Yup, and CPI has shelter costs up a laughable 4.5% y/y vs the 15-20% it actually is. Adjust CPI for that and inflation is already over 11%. And to your point, PPI is still WAY high and companies are looking to raise prices a lot to cover input costs.
Wishful thinking, but ain’t gonna happen.
Inflation will continue to ran rampant for months.
The Biden/Dem media are trying to find/make up something, anything they can report as ‘good news’ going into the election cycle.
One of the few things FED could do to stem the tide is to increase interest rates. Their pathetic quarter-to-half point increases are not enough to slow-down government spending.
The doomsters continuing to claim massive food shortages coming soon are not giving any credence to a likely reduction in inflation.
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