Consumer prices jumped 6.8% in November, the fastest inflation spike since 1982

[Siberian]

all this looks like the beginning of hyperinflation.

Despite the US government and the Fed lie that this inflation is "transitional" (whatever it means), it keeps accelerating with a very high speed.

When it excedes 10%, or even earlier exodus of foreign investors from US public debt and US stock market will start, will create an avalanche of selling which will result in drop of USD exchange rate, making import more expensive, and then accelerating inflation even higher.
Along with stock market collapse, which will result in another, absollutely giant QE, which will also accelerate inflation.

It seems by the end of 2022 Americans will see hyperinflation, i. e. prices doubling every several months.

CPI report released: Consumer prices jumped 6.8% in November, the fastest inflation spike since 1982

The consumer price index rose 6.8% annually in November, the most since 1982, as supply snarls, labor shortages pushed inflation higher.

www.google.com

 

[Donald H]

But who is to blame for inflation?
It's traditionally always been blamed on the demand side.
But that might not sell anymore and so maybe it's time to consider blaming it on the supply side?

Wouldn't that be an attempt at an awakening!

Is there anybody who feels they're qualified to offer a opinion that contains a little bit of detail?

 

[Siberian]

very simple

insane money emission in biggest economies of the West pushes World prices on energy and food higher

US government populism and subsidies convinced Americans not to work and lice on subsidies.

Unemployment is twice lower than number of vacant jobs in the US. It majer employers propose higher salaries, it increases demand while supply of goods doesn't grow or goods get more expensive due to reason 1, described above.

generally, everybody except Western central banks know that printing money leads to becoming a Zimbabwe, i. e. having hyperinflation.

now the time has come for the West to get aqcuainted to it.

 

[shimon]

When you print or electronically advance the kinds of money that federal governments worldwide have in the last year or so done you will cause massive inflation… That 6.8 per cent number just cannot be trusted because other items that used to be included into the living index have been removed such as the cost of housing, rent and other major expenses that all of us face…These items have gone up massively in the last year alone not to mention the shrinkflation that has occurred where basically you are paying the same price but the item you are buying has less product in it… Some items like oats have increased in cost by 100 per cent but they will explain that away as a bad harvest…lol… Good old Joe is going to outdo Jimmy Carter’s stagflation so much that we might look back fondly on those days..Just wait till interest rates eventually go up we haven’t seen anything yet…

 

[HenryBHough]

Xiden looks at the inflation figures.

He thinks it through and then calls a pressed to read from the teleprompter:

IT'S A GREAT START!​

 

[maybelooking]

If anyone should know what inflation looks like, its someone living in the ole USSR.