Economists forsee 6% rise in CPI YOY in Q4 2021.

[ColonelAngus]

6% seems VERY low.....so much of everyting we buy is up 10%-50%.



NABE panelists project that the overall consumer price index will rise 6% year-over-year in the fourth quarter of 2021, compared to September's forecast of 5.1%. CPI inflation is expected to remain elevated by the end of 2022 at 2.8% year-over-year, compared to September's forecast of 2.4%.

The core PCE price index, which excludes food and energy, is expected to rise 4.1% year-over-year in the fourth quarter, compared to September's 3.8% forecast, and slow to a 2.6% year-over-year rate in the fourth quarter of 2022. About 71% of NABE survey respondents anticipate the core PCE gauge will not decline to or below the Federal Reserve's 2% target until the second half of 2023 or later.

Economists dial up inflation targets amid rising wages, strong consumer demand: NABE

Economists surveyed by the National Association for Business Economics (NABE) are predicting that annual inflation will remain above 2% over the next three years as a result of rising wages and strong demand for goods and services.

www.foxbusiness.com

 

[Lisa558]

If they’re excluding the things that have risen the most, like food and especially energy, of course that will get a false low.

The true inflation at this point is now between 10 - 15%. The poor seniors who got a 5.9% adjustment to SS, made even less by the increase in Medicare premiums, are going to have a difficult time.

Let‘s reduce the welfare expansion to middle class families (a family with three young kids get $900 a month, tax-free) by a small amount and divert it to seniors who have worked for 40 years.

 

[The Original Tree]

6% seems VERY low.....so much of everyting we buy is up 10%-50%.



NABE panelists project that the overall consumer price index will rise 6% year-over-year in the fourth quarter of 2021, compared to September's forecast of 5.1%. CPI inflation is expected to remain elevated by the end of 2022 at 2.8% year-over-year, compared to September's forecast of 2.4%.

The core PCE price index, which excludes food and energy, is expected to rise 4.1% year-over-year in the fourth quarter, compared to September's 3.8% forecast, and slow to a 2.6% year-over-year rate in the fourth quarter of 2022. About 71% of NABE survey respondents anticipate the core PCE gauge will not decline to or below the Federal Reserve's 2% target until the second half of 2023 or later.

Economists dial up inflation targets amid rising wages, strong consumer demand: NABE

Economists surveyed by the National Association for Business Economics (NABE) are predicting that annual inflation will remain above 2% over the next three years as a result of rising wages and strong demand for goods and services.

www.foxbusiness.com

Inflation 4-6%?

Don't worry our employers will give us a 2% raise this year.

 

[ColonelAngus]

Inflation 4-6%?

Don't worry our employers will give us a 2% raise this year.

I get 3%!!!!!!!!!!!!!!!!

Yay.

 

[22lcidw]

If they’re excluding the things that have risen the most, like food and especially energy, of course that will get a false low.

The true inflation at this point is now between 10 - 15%. The poor seniors who got a 5.9% adjustment to SS, made even less by the increase in Medicare premiums, are going to have a difficult time.

Let‘s reduce the welfare expansion to middle class families (a family with three young kids get $900 a month, tax-free) by a small amount and divert it to seniors who have worked for 40 years.

This nation has screwed up with their agendas over the years if families with children need this amount of resources. Those who raised children without this demand reparations.

 

[HenryBHough]

In Communist countries the well-positioned are not at all troubled by shortages or prices.

For example, freezers full of exotic, outrageously priced ice cream.......


Oh wait......

 

[The Original Tree]

I get 3%!!!!!!!!!!!!!!!!

Yay.

But if inflation goes to 7%, they might tell you how lucky you are and drop your raised down to 2.5%.

 

[Lisa558]

This nation has screwed up with their agendas over the years if families with children need this amount of resources. Those who raised children without this demand reparations.

But DO middle income families (who are getting the government child support checks) need these resources, or do they need these resources in order to live a certain way: a single-family home with a bedroom for each child, a minimum of 2 full bathrooms, a new car for each parent, a vacation at a beach resort, and so forth?

Could they not live the way I did as a child - in an 1100 sq foot house, with 1 bathroom for the whole family? A very rare dinner out? A vacation at an inexpensive beach apartment?

Or, what about the way my parents lived? A very modest apartment and vacations were to other family members?

Really, before we decide how much of other people’s money we need to redistribute to middle income families with children, we need to decide what lifestyle we feel we need to provide for them.

 

[Lisa558]

In Communist countries the well-positioned are not at all troubled by shortages or prices.

For example, freezers full of exotic, outrageously priced ice cream.......


Oh wait......

And they’re so out of touch that they give a tour of their fancy ice cream to the masses, struggling to pay the bills.

 

[ColonelAngus]

But if inflation goes to 7%, they might tell you how lucky you are and drop your raised down to 2.5%.

Biden has really effed the nation.

I hope you Biden voters are enjoying what amounts to a MASSIVE TAX HIKE....INFLATION.

WHo cares if you gas and groceries are up 50% YOY.....NO MORE BAD ORANGE MAN!!

 

[bendog]

It's all politics. I do agree that direct cash transfers in BBB are a bad idea, though.

 

[HenryBHough]

Can't be long before Xiden will mandate the wearing of those wonderful buttons you loved so much!

You won't be allowed to shop in stores without one!

 

[bendog]

Those were actually pretty good days for me. But the current inflation is really no more political than then.

MSN

www.msn.com

The difference is that this time, as opposed to 1978-82 (spanning both dem and gop administrations) the fed's manipulating interest rates may not be very effective because prices are rising for non-monetary reasons.

 

[CrusaderFrank]

6% seems VERY low.....so much of everyting we buy is up 10%-50%.



NABE panelists project that the overall consumer price index will rise 6% year-over-year in the fourth quarter of 2021, compared to September's forecast of 5.1%. CPI inflation is expected to remain elevated by the end of 2022 at 2.8% year-over-year, compared to September's forecast of 2.4%.

The core PCE price index, which excludes food and energy, is expected to rise 4.1% year-over-year in the fourth quarter, compared to September's 3.8% forecast, and slow to a 2.6% year-over-year rate in the fourth quarter of 2022. About 71% of NABE survey respondents anticipate the core PCE gauge will not decline to or below the Federal Reserve's 2% target until the second half of 2023 or later.

Economists dial up inflation targets amid rising wages, strong consumer demand: NABE

Economists surveyed by the National Association for Business Economics (NABE) are predicting that annual inflation will remain above 2% over the next three years as a result of rising wages and strong demand for goods and services.

www.foxbusiness.com

The don't count package shrinking as inflation.

e.g. 8 oz package of cheese is now 7.5 ounces for the same price, 6.25% increase in price

 

[DBA]

Don't worry, they have told us inflation is transitory. They can just spend more money on pie in the sky green initiatives and raise taxes on the "rich" and everything will be ok.

Ignorance is bliss. That should be the new Democratic motto.