Inflation rose 8.6% in May, highest since 1981

[Delldude]

I could totally see Biden losing his shit and screaming "I'm mad as hell and I'm not going take it anymore". I would love to see his handlers try and walk that back ?

Check out my sig......LOL

 

[rightnow909]

This is insane!

KEY POINTS

• The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.
• Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.
• Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years.
• The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.

Inflation rose 8.6% in May, highest since 1981

The consumer price index for May was expected to increase 8.3% from a year ago, according to Dow Jones estimates.

www.cnbc.com

you should post the figures for when the REAL president was in the WH


+

 

[Weatherman2020]

This is insane!

KEY POINTS

• The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.
• Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.
• Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years.
• The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.

Inflation rose 8.6% in May, highest since 1981

The consumer price index for May was expected to increase 8.3% from a year ago, according to Dow Jones estimates.

www.cnbc.com

Let’s Go Brandon!

 

[evenflow1969]

This is insane!

KEY POINTS

• The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.
• Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.
• Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years.
• The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.

Inflation rose 8.6% in May, highest since 1981

The consumer price index for May was expected to increase 8.3% from a year ago, according to Dow Jones estimates.

www.cnbc.com

Lol, I did not notice it one bit in 81. Guess I killed alot of tin soldiers back then.

 

[DigitalDrifter]

Lol, I did not notice it one bit in 81. Guess I killed alot of tin soldiers back then.

So it's ok now?

 

[Weatherman2020]

Lol, I did not notice it one bit in 81. Guess I killed alot of tin soldiers back then.

Liar or you’re too stupid to know your credit card rates were in the 25% range.

 

[B. Kidd]

Just caught a news segment on the radio, and as expected Biden continues to blame Putin for high prices.
He obviously believes his supporters are this stupid.

Right on.
The war only started a lil' over 100 days ago!
Gas prices started zooming upwards way before this!!

 

[Fort Fun Indiana]

This is not a problem. The wildly successful conservative theory of supply side economics dictates that this will just lead to more wealth for everyone, via economic growth, and people will actually have more purchasing power as a result.

 

[evenflow1969]

Liar or you’re too stupid to know your credit card rates were in the 25%

So it's ok now?

Well I am sober these days so I notice more than I did in 81. I feel it at the pump. I run fishing charters and boats eat alot of gas, it has effected the bottom line for sure. It has not changed my lifestyle at this point. During fishing season I pretty much work and sleep. That has not changed. We will see how things feel at the end of the season. If less is saved from season then less screwing around During the winter.