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Fed’s Favorite Gauge of Inflation Surges to New 40 Year High
Breitbart ^ | 07.29.2022 | John Carney

Posted on 07/30/2022 4:17:53 AM PDT by Macky Cracklins

A key measure of inflation showed prices soaring by more than expected in June.

The personal consumption expenditure price index rose by 6.8 percent compared with 12 months earlier, an acceleration of inflation from the 6.3 percent annual gain in May, according to data released Friday by the Bureau of Economic Analysis. Economists had expected a slightly lower reading of 6.6 percent. This is the biggest year-0ver-year gain since January of 1982.

Compared with the prior month, the personal consumption expenditure price index was up one percent, a big increase from the monthly gain of 0.6 percent in May and above the 0.9 percent expected. This is the largest month-over-month gain since February of 1981’s one percent gain.

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


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: americalast; bidenflation; democrats; recesion
When are they going to IMPEACH this guy? Hasn't he done enough damage to this country, what are they waiting for. ??? He and his sidekick need to go or we won't have a country left at all! I was alive and working in 1982, I can honestly say that the situation is worse now than then. These reports aren't as accurate as you would think. The numbers are being manipulated, just like the man in the photo keeps lying to us as he stands up there and tells us the economy is fine.
1 posted on 07/30/2022 4:17:53 AM PDT by Macky Cracklins
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To: Macky Cracklins
Related...

Debt vs Autonomy The unresolved conflict between Jefferson and Hamilton enables WEF hegemony.

The Biggest Problem

2 posted on 07/30/2022 4:21:58 AM PDT by mewzilla (We need to repeal RCV wherever it's in use and go back to dumb voting machines.)
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To: Macky Cracklins

Revision to how the Feds. gauge inflation in 3..2..1


3 posted on 07/30/2022 4:25:29 AM PDT by DAC21
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To: DAC21
Revision to how the Feds. gauge inflation in 3..2..1

Revision 6 to plan 12? 😊😂🤪

4 posted on 07/30/2022 4:28:25 AM PDT by Mark17 (Retired USAF air traffic controller. Father of USAF pilot. USAF aviation runs in the family )
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To: Macky Cracklins

Nobody is looking at numbers; they are looking at their mounting debt as they struggle to pay the costs of housing, feeding, and clothing their families (and the work-related costs like gas to do so).

Biden is making it worse (especially with the massive wealth transfers to Ukraine), but these wheels were set in motion long before he was in office; Trump started the cash payments to people during COVID, and the revised tax law he signed wasn’t good for families with children 17 and over.

I see more and more workers using motorized bikes and scooters, even skateboards; the “ThirdWorldization” is in full swing.


5 posted on 07/30/2022 4:28:43 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: Macky Cracklins

Change the “rate of inflation” to the “transition index”. There much better...


6 posted on 07/30/2022 4:28:45 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: Macky Cracklins

Economists had expected

Ok...after all these years...who are these people? They seem to have a lot of expectations and very little to actually say.

Are they in think tanks? Academia? Goldman Sachs? Is there a guild or cult?

Can I go somewhere to read about their current expectations?


7 posted on 07/30/2022 4:38:27 AM PDT by Adder (Dumblecrats: Spending $$ we don't have on crap we don't need for people who pay no taxes.)
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To: kearnyirish2

This is getting where people are almost longing for the days of Carter malaise and stagflation. When is the Joe Stolen/”Que mala” Harris regime going to try to re-introduce the metric system on all commerce and daily life of consumers here in the Untied States? Or completely forbid the further new installation of natural-gas home and industrial applications?

The Green New Deal has run into some massive roadblocks. And more money won’t solve them. Not even in the Ukraine.


8 posted on 07/30/2022 4:43:13 AM PDT by alloysteel (There are folks running the government who shouldn't be allowed to play with matches - Will Rogers)
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To: alloysteel

At least “Jimmah” Carter didn’t hate the USA.


9 posted on 07/30/2022 4:46:47 AM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: kearnyirish2
I see more and more workers using motorized bikes and scooters, even skateboards; the “ThirdWorldization” is in full swing.

Democrats Are Destroying

Our Country

On Purpose

10 posted on 07/30/2022 4:54:32 AM PDT by GOPJ (US Military Promotions - Advancement based on ‘sexual kink, weirdo status, and skin pigmentation.)
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To: Macky Cracklins
When are they going to IMPEACH this guy?

who is 'they'?
11 posted on 07/30/2022 4:56:57 AM PDT by bankwalker (Repeal the 19th ...)
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To: alloysteel

The left has failed in convincing people their lives will get any better; the Khmer Rouge understood they had to eliminate those who could recall better times before they came to power, and they specifically separated children from their parents (then worked the parents to death) to make that happen.

As we become more urbanized (though COVID set that back temporarily), younger people will find it more “normal” to never have a house, vehicle, gun, or children. When they get enough of those, then they will turn on those who have those things; look at the resentment and envy widely expressed today by young people at “boomers”. Rather than blame government policy (such as open borders, trade with Red China, etc.) for their lower standard of living, they are directed towards older people who generally enjoy a better standard of living. In some cases they are right to hold those views; how could anyone expect to warn young people that Social Security won’t be there for them while still docking their pay for it (to transfer to current retirees)? How can the government worker caste become our upper middle class while younger workers have to foot the bills (while earning far less money, with far fewer benefits)?

Many young people vote with their feet and move to greener pastures (hence the “brain drain” from the northeast to the south); the issue is how to deal with those people who stay behind (AND VOTE) in areas devoid of opportunity, and increasingly, of wealth.


12 posted on 07/30/2022 5:02:34 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: GOPJ

I understand their plan, but it has no support among young people; it only works by keeping them ignorant and focused on enemies of the left rather than the perpetrators of their abuse. For example, many young people won’t connect the dots to see how areas hostile to business lose jobs, and freer states gain them; they lack analytical skills - and that was done deliberately.

Maybe some got a primer in basic economics when their favorite places closed during COVID; they needed to be taught that when a business can’t make money, it closes.


13 posted on 07/30/2022 5:05:31 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: central_va

“Transition Index”, good one! Yep, that sounds like it just might work. All the Fed needs to do is take the consumer price index and multiply it by a transition factor, say 0.1.

Then a 6.8% inflation rise becomes a 0.68% rise. So small as to be insignificant!
Anyone who complains should just shut up. They obviously don’t understand new math.


14 posted on 07/30/2022 5:20:16 AM PDT by Leaning Right (The steal is real.)
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To: Macky Cracklins

“Core PCE prices, which exclude food and energy prices, were up 4.8 percent compared with a year ago. Economists had expected this to hold steady at the 4.7 percent gain recorded in May. “

Total joke.


15 posted on 07/30/2022 5:21:22 AM PDT by MulberryDraw (Stop trusting in man, who has but a breath in his nostrils. Of what account is he?)
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To: Macky Cracklins

Recession coming, opportunities will be everywhere.

Start planning now how to take advantage. We get these chances every 15 years or so.


16 posted on 07/30/2022 6:28:14 AM PDT by SaxxonWoods (The only way to secure your own future is to create it yourself.)
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To: SaxxonWoods

In the “Musical Chairs” game, you can take away half of the chairs in one stop and watch the fights break out. It’s an “opportunity.”


17 posted on 07/30/2022 7:14:48 AM PDT by Empire_of_Liberty
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To: SaxxonWoods

18 posted on 07/30/2022 7:54:16 AM PDT by caww (O death, when you seized my Lord, you lost your grip on me......Augustine)
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