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U.S. inflation hit a 40 year high in November, cementing high and rising inflation as the hallmark of the first year of Joe Biden’s presidency.The Labor Department said the consumer-price index—which tracks what consumers pay for goods and services—rose in November by 6.8 percent from a year ago. That was the fastest 12-month pace since 1982 and the sixth straight month of inflation above 5 percent.The core price index, which excludes the often-volatile categories of food and energy, increased 4.9 percent in November from a year earlier, a faster pace of price hikes than October’s 4.6 percent.On a monthly basis,...

Air-conditioned prices up from last summer All large appliances up. Washing machines, driers, dishwashers, refrigerators etc. Microwave ovens stable or up Food prices? What do you see? Forget chicken wings, buy drumsticks to substitute. Drumstick prices are not up very much. Beef up 50% from last year. My favorite cuts at least. Though grass fed hamburger at Aldis is down 50 cents per pound. Watermelon prices same as last year. What inflation or deflation do you see in anything? Some that might get you angry,

Reuters attempted to dismiss inflation fears after the disastrous Consumer Price Index (CPI) report was released by citing one of President Joe Biden’s donors. Reuters’ story on the CPI data cited Johns Hopkins University Center for Financial Economics Director Robert Barbera. Reuters included his comments in the fourth paragraph, to undercut the news that “U.S. consumer prices increased by the most in nearly 12 years in April,” which “could add fuel to financial market fears of a lengthy period of higher inflation.” “‘This is not a sign of an inflation problem,’” Barbera reportedly told Reuters. “‘We have the capacity to...

Wednesday’s report from the Labor Department showed sharply higher prices for everything from food and clothes to housing. A 10% surge in the prices of used cars and trucks — a record jump — accounted for roughly one-third of last month’s overall increases. The cost of new cars was up 0.5%, the largest increase since last July. Prices for vehicles, both used and new, have been soaring as a result of heavy demand and a computer chip shortage that has slowed auto production and reduced dealer supplies. Over the past 12 months, consumer prices have jumped 4.2% — the fastest...

Consumer prices for the month of April rose the most since September 2008, an indication of soaring demand dovetailing with continued supply chain interruptions, according to the latest monthly data released Wednesday by the Bureau of Labor Statistics. The Consumer Price Index, a measurement of price changes for items ranging from food to clothing to pet products, jumped by 0.8 percent in April, beating expectations of 0.2 percent, or 2.3 percent year over year.

Consumer prices jumped higher than expected in April, data from the Department of Labor showed Wednesday. The Consumer Price Index climbed 4.2 percent annually in April. Compared with March, prices rose 0.8 percent. The annual inflation figure is the largest increase since 2008. Economists had forecast a year-over-year gain of 3.6 percent and 0.2 percent for the month. Excluding food and energy, categories that can be volatile month-to-month, “core” CPI rose 0.9 percent compared with a month ago, three times faster than the estimate. On an annual basis, core prices are up 3.0 percent, above the 2.3 percent estimated. The...

The consumer price index rose 0.6% from the previous month but 2.6% from the same period a year ago. The year-over-year gain is the highest since August 2018 and was well above the 1.7% recorded in February. The index was projected to rise 0.5% on a monthly basis and 2.5% from March 2020, according to Dow Jones estimates. Gasoline prices were the biggest contributor to the monthly gain, surging 9.1% in March and responsible for about half the overall CPI increase. Gasoline is up 22.5% from a year ago, part of a 13.2% increase in energy prices. Food nudged higher...

Shopping for a new set of wheels at a Chevy dealership recently, Patrick Spradlin had a few priorities: a good commuter car, room for his family of five, low maintenance costs and no more than $20,000. About the last thing on his mind was where such a vehicle and each of its components — whether engine, car seats or spark plugs — were made. “That’s not a make-or-break issue,” said the 38-year-old systems engineer from Whaleyville, Md. But such details about the origin of car parts and hundreds of other products may soon take on greater importance under the Trump...

Prices for medicine, doctor appointments and health insurance rose the most last month since 1984. The price increases come amid a broader debate about climbing health care costs and high premiums for Obamacare coverage. [Snip] Medical care costs altogether rose 1% just in August from July, according to the Consumer Price Index, a report on price inflation from the U.S. Labor Department.

The Burrito Index: Consumer Prices Have Soared 160% Since 2001 by Tyler Durden Aug 1, 2016 11:31 AM 0 SHARES Submitted by Charles Hugh-Smith via PeakProsperity.com, In our household, we measure inflation with the "Burrito Index": How much has the cost of a regular burrito at our favorite taco truck gone up?Since we keep detailed records of expenses (a necessity if you’re a self-employed free-lance writer), I can track the real-world inflation of the Burrito Index with great accuracy: the cost of a regular burrito from our local taco truck has gone up from $2.50 in 2001 to $5 in...

Buy Your Chicken NOW! December 15, 2008 A friend of mine in management at a local chicken processing plant says; Tyson Chicken Plant is concerned about the price of chicken being too low. So they are destroying 100,000 eggs a day for the next 5 days, that are due to hatch within three days. Employees of the plant asked for the company to allow the eggs to hatch and let the workers take the baby chicks home, but the managers said no, and that two other large corporations were doing the same. I can't reveal the source for obvious reasons....

** EXCERPT ** A crucial measure of inflation rose at its fastest rate in 16 years, the government said on Wednesday, just a day after the chairman of the Federal Reserve warned that inflation poses a significant risk to the nation’s economic outlook. The Consumer Price Index, which measures prices of a batch of common household products, rose 1.1 percent in June, the Labor Department said. That means inflation accelerated at nearly twice the rate in May, when the index grew 0.6 percent. It was the biggest monthly gain in the closely watched inflation indicator since June 1982. The increase...

WASHINGTON – Americans got hit with an economic double whammy last month. They had to pay more for gasoline, clothes, airline tickets and a lot of other products. And their wages did not keep up with inflation. It was the second month in a row that wages, after adjusting for inflation, had fallen. "Wages aren't keeping up with the higher prices for gasoline, health care and even clothing," said Sen. Jack Reed, D-R.I. President Bush, pressing Congress to pass his long-stalled energy plan, said the measure would boost exploration for new domestic supplies. But he acknowledged it would not come...

No boom lasts forever, and in countries like Britain and Australia, the housing market has suddenly turned lower, leading to discussions of how a plunge can be avoided and what will happen if it is not. The American housing market received a scare yesterday, with a report that the pace of new-home sales slipped in November as the median price of a new home fell to the lowest level in a year. But mortgage applications indicate that a rebound has begun, and in any case, prices of new homes can fail to capture price trends for existing homes in areas...

Industrial production and new home construction rose sharply last month, suggesting that the economy is overcoming high energy prices and rebounding from the summer slump. But a spike in consumer prices is also stoking worries that inflation might spread more broadly as the economy heats up. The Federal Reserve reported yesterday that industrial production rose 0.7 percent in October, the fastest pace since July. In addition, the Commerce Department reported that new housing starts had recovered from a September dip to rise 6.4 percent last month. Investors in financial markets seemed encouraged by the emerging panorama of economic strength, as...

U.S. Dec CPI rose 0.2 pct Thursday January 15, 8:30 am ET WASHINGTON, Jan 15 (Reuters) - U.S. Labor Department monthly Consumer Price Index (CPI-U), 1982-84 equals 100 (except where noted): . Percent Changes: Seasonally Adj. Unadjusted . Dec Nov Dec03/02 All Items 0.2 -0.2 1.9 Excluding Food/Energy 0.1 -0.1 1.1 Energy 0.2 -3.0 6.9 Food and Beverages 0.6 0.4 3.5 Food 0.6 0.4 3.6 CPI-Urban Consumers-X 184.3 184.5 X-Data unadjusted. . Percent Changes: Seasonally Adj. Unadjusted . Dec Nov Dec03/02 Housing 0.3 -0.1 2.2 Shelter 0.3 UNCH 2.2 Rent of Primary Residence 0.2 0.2 2.7 Owners' Equivalent Rent-Y 0.1...

U.S. Nov CPI fell 0.2 pct Tuesday December 16, 8:31 am ET WASHINGTON, Dec 16 (Reuters) - U.S. Labor Department monthly Consumer Price Index (CPI-U), 1982-84 equals 100 (except where noted): Percent Changes: Seasonally Adj. Unadjusted . Nov Oct Nov03/02 All Items -0.2 UNCH 1.8 Excluding Food/Energy -0.1 0.2 1.1 Energy -3.0 -3.9 6.2 Food and Beverages 0.4 0.6 3.1 Food 0.4 0.6 3.2 CPI-Urban Consumers-X 184.5 185.0 X-Data unadjusted. Percent Changes: Seasonally Adj. Unadjusted . Nov Oct Nov03/02 Housing -0.1 0.3 2.2 Shelter UNCH 0.4 2.2 Rent of Primary Residence 0.2 UNCH 2.7 Owners' Equivalent Rent-Y 0.1 0.3 2.1...

U.S. Oct CPI unchanged Tuesday November 18, 8:31 am ET WASHINGTON, Nov 18 (Reuters) - U.S. Labor Department monthly Consumer Price Index (CPI-U), 1982-84 equals 100 (except where noted): Percent Changes: Seasonally Adj. Unadjusted . Oct Sept Oct03/02 All Items UNCH 0.3 2.0 Excluding Food/Energy 0.2 0.1 1.3 Energy -3.9 3.0 8.8 Food and Beverages 0.6 0.2 2.9 Food 0.6 0.2 2.9 CPI-Urban Consumers-X 185.0 185.2 N/A X-Data unadjusted. N/A-Not Available. . Percent Changes: Seasonally Adj. Unadjusted . Oct Sept Oct03/02 Housing 0.3 0.1 2.4 Shelter 0.4 0.1 2.4 Rent of Primary Residence UNCH 0.2 2.8 Owners' Equivalent Rent-Y 0.3...

U.S. Sept CPI rose 0.3 pct Thursday October 16, 8:32 am ET WASHINGTON, Oct 16 (Reuters) - U.S. Labor Department monthly Consumer Price Index (CPI-U), 1982-84 equals 100 (except where noted): Percent Changes: Seasonally Adj. Unadjusted . Sept Aug Sept03/02 All Items 0.3 0.3 2.3 Excluding Food/Energy 0.1 0.1 1.2 Energy 3.0 2.7 14.7 Food and Beverages 0.2 0.3 2.5 Food 0.2 0.3 2.4 CPI-Urban Consumers-X 185.2 184.6 N/A X-Data unadjusted. N/A-Not Available. Percent Changes: Seasonally Adj. Unadjusted . Sept Aug Sept03/02 Housing 0.1 0.1 2.4 Shelter 0.1 0.2 2.2 Rent of Primary Residence 0.2 0.2 2.9 Owners' Equivalent Rent-Y...

U.S. Aug CPI rose 0.3 pct Tuesday September 16, 8:28 am ET WASHINGTON, Sept. 16 (Reuters) - U.S. Labor Department monthly Consumer Price Index (CPI-U), 1982-84 equals 100 (except where noted): . Percent Changes: Seasonally Adj. Unadjusted . Aug July Aug03/02 All Items 0.3 0.2 2.2 Excluding Food/Energy 0.1 0.2 1.3 Energy 2.7 0.4 11.8 Food and Beverages 0.3 0.1 2.4 Food 0.3 0.1 2.5 CPI-Urban Consumers-X 184.6 183.9 N/A X-Data unadjusted. N/A-Not Available. . Percent Changes: Seasonally Adj. Unadjusted . Aug July Aug03/02 Housing 0.1 0.2 2.4 Shelter 0.2 0.3 2.2 Rent of Primary Residence 0.2 0.2 2.9 Owners'...