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1 posted on 07/13/2022 5:43:07 AM PDT by John W
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To: John W

Inflation rose 9.1% in June, even more than expected, as price pressures intensify

BUMP


2 posted on 07/13/2022 5:44:07 AM PDT by Jet Jaguar
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To: John W

WHO was in the Oval Office in Dec 1981????

OBAMA-—same person holding Biden’s puppet strings.


3 posted on 07/13/2022 5:45:20 AM PDT by ridesthemiles
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To: John W

Decades worth of personal net worth being decimated by the rise in inflation, the devaluing of the dollar, and the crippling of fixed income investments to counter it. FJB.


6 posted on 07/13/2022 5:46:35 AM PDT by CatOwner (Don't expect anyone, even conservatives, to have your back when the SHTF in 2021 and beyond.)
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To: John W

100% Biden and Pelosi.


7 posted on 07/13/2022 5:46:54 AM PDT by bray (The Vax is fake and deadly)
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To: John W

It’s a little early here to start drinking, “unexpected”.


9 posted on 07/13/2022 5:48:00 AM PDT by VTenigma (Conspiracy theory is the new "spoiler alert")
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To: John W

“the fastest pace for inflation going back to December 1981”

It’s worse. It’s historically bad. By today’s calculations, Carter’s numbers don’t pop as much. By the calculations of 1981, today’s numbers are... really really bad.


10 posted on 07/13/2022 5:49:07 AM PDT by cdcdawg (Hoes mad! LOL! )
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To: John W

we have already successfully destroyed Biden on this, now it’s time to start blaming commie liberal democrats in general and not just Biden for destroying the economy.


14 posted on 07/13/2022 5:52:27 AM PDT by TexasFreeper2009
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To: John W

“Unexpected” 🍻


15 posted on 07/13/2022 5:53:01 AM PDT by nesnah (Infringe - act so as to limit or undermine [something]; encroach on)
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To: John W

And this is even with them pushing gas prices down for the 4th of July weekend. When did gas prices ever go down previously for the 4th of July weekend?


17 posted on 07/13/2022 5:54:53 AM PDT by Reno89519 (FJB. Respect America, Embrace America, Buy American, Hire American.)
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To: John W

I suspect that when Q2 GDP growth comes out in a couple of weeks that will be worse than expected as well.


25 posted on 07/13/2022 6:01:07 AM PDT by DoodleDawg
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To: John W

Year on Year

What is it for the last 2 years?


28 posted on 07/13/2022 6:02:58 AM PDT by Pollard (If there's a question mark in the headline, the answer should always be No.)
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To: John W

1981 - the Good times.

1. Nobody had a phone in their pocket.

2. Cash registers didn’t figure out change for you.

3. Cars still had bench front seats.

4. AIDS was still years away. (see number 3)


29 posted on 07/13/2022 6:03:41 AM PDT by Not_Who_U_Think
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To: John W

Price increases over last year (CPI report)...
Fuel Oil: +98.5%
Gasoline: +59.9%
Gas Utilities: +38.4%
Electricity: +13.7%
Food at home: +12.2%
New Cars: +11.4%
Overall CPI: +9.1%
Transportation: +8.8%
Food away from home: 7.7%
Used Cars: +7.1%
Shelter: +5.6%
Apparel: +5.2%


31 posted on 07/13/2022 6:05:33 AM PDT by Pollard (If there's a question mark in the headline, the answer should always be No.)
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To: John W

The REAL number is probably closer to 20%.


32 posted on 07/13/2022 6:06:35 AM PDT by FlyingEagle
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To: John W

The Federal Reserve is almost always on the wrong side of these economic waves.

They printed too much money and kept interest rates far too low far too long.

If inflation is 9.1 y/y the interest rates need to be above this rate, usually 2-3% above the inflation rate, which would put interest rates at 11-12% if history were to hold up here.

Remember Paul Voelker once raise interest rates 500 basis points in 1 day.

Home Mortgages have already started to plummet with the modest rise in interest rates that have already happened, we will go into a straight up depression if the Federal Reserve actually does what is necessary to reign in inflation.


33 posted on 07/13/2022 6:09:08 AM PDT by srmanuel
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To: John W
The gradual price increases don’t get noticed as much as third you don’t but very often.

I finally emptied a 10 oz bottle of Heinz57 steak sauce. I was shocked to discover a replacement was $5.09. That’s crazy! I think I paid $2 for it a year or so ago.

It’s these little things that have me convinced the real inflation number is much higher that the “official” one. A dozen eggs, for one, are easily twice what they used to be.

The only commodity where I haven’t seen much inflation is in the price of alcohol. I guess they figure if we all stay drunk, we won’t notice so much how bad things have gotten.

34 posted on 07/13/2022 6:10:28 AM PDT by Drew68 (Ron DeSantis for President 2024)
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To: John W

I’m not a paid member of ShadowStats.com but I think he usually includes other things, like food..etc.

I’m guessing that number is a bit worse.


37 posted on 07/13/2022 6:25:35 AM PDT by Dana1960
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To: John W

My weekly grocery bills are up 15-20%. I buy the same things every time.

This “9 percent” thing is just flat out false.


43 posted on 07/13/2022 6:47:25 AM PDT by Deo volente ("When we see the image of a baby in the womb, we glimpse the majesty of God's creation." Pres. Trump)
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To: John W

Putin! Trump! Republicans! Scream it loud enough and hopefully at least a couple voters will believe it.


44 posted on 07/13/2022 7:42:13 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: John W

unexpectedly


46 posted on 07/13/2022 7:51:06 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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