Posted on 05/15/2024 7:23:21 AM PDT by george76
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment.
Advertisement The index for shelter rose in April, as did the index for gasoline. Combined, these two indexes contributed over seventy percent of the monthly increase in the index for all items. The energy index rose 1.1 percent over the month. The food index was unchanged in April. The food at home index declined 0.2 percent, while the food away from home index rose 0.3 percent over the month.
The index for all items less food and energy rose 0.3 percent in April, after rising 0.4 percent in each of the 3 preceding months. Indexes which increased in April include shelter, motor vehicle insurance, medical care, apparel, and personal care. The indexes for used cars and trucks, household furnishings and operations, and new vehicles were among those that decreased over the month.
The all items index rose 3.4 percent for the 12 months ending April, a smaller increase than the 3.5-percent increase for the 12 months ending March. The all items less food and energy index rose 3.6 percent over the last 12 months. The energy index increased 2.6 percent for the 12 months ending April. The food index increased 2.2 percent over the last year.
...
Core CPI -- excluding foot and energy -- rose higher at a 3.6% annualized rate.
Some of the categories have eye-popping results (annualized), though:
Food away from home: 4.1%.
Electricity: 5.1%.
Shelter: 5.5%.
Transportation services: 11.2%.
Food away from home may become a luxury again, and transportation services too, but electricity and shelter are unavoidable costs for American households. Inflation is far from over for the working and middle classes.
Will I be getting 3.6% increase in my Social Security to partially cover Democrat Joe Biden’s Inflation?
It would take about a 60% increase but hey......
(I read the estimate is 2.6% this year)
Thanks for wrecking everything, Democrat Joe Biden!
So inflation is STILL ON THE MARCH UPWARDS.
No increase for you citizen Ferris. in fact they hope you die before you collect dime 1.
INFLATION without representation
Better, but not good.
Might be true
OTOH, Biden may try buying votes there, too
When we the people become debt slaves to our BIG spending BIG GOV, what recourse do we have? MAID in Canaduh?
TAXATION without representation
See I told you we wouldn’t run out of money, they will just print more as we need it...
Well Joe just sends billions of dollars, whenever he wants, to Ukraine
Lets in millions of illegals
American citizens? Joe ain’t got time for dat!
No of course not.
Our standard of living is being engineered down and we’re not supposed to notice.
Why have taxes, just print money. ~liberals.
Unfortunately correct
Obama’s “Hope. Change.”
CONgre$$ too.
Why do we need family farmers, family ranchers .. food comes from a can or a box at a store. ~liberals.
yep
Taxes for Rtevenue are Obsolete, Federal Reserve Chairman
https://www.nakedcapitalism.com/2019/07/taxes-for-revenue-are-obsolete.html
A very old article that I found 30 some years ago
Good rules to live by.
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