Inflation spike for October

[Thinker101]

Consumer inflation surged in October as fuel costs picked up, supply chains remained under pressure and rents moved higher — bad news for economic policymakers at the Federal Reserve and for the Biden White House, which had been emphasizing a recent slowdown in price gains.

Overall prices have climbed by 6.2 percent over the past 12 months, the fastest pace since 1990.

Inflation spiked in October, scuppering Washington’s hopes that price gains would slow down..

 

[Moonglow]

the capitalist are laughing all the way to the bank at yer misplaced anger.

 

[Lisa558]

Biden has a plan to halt it: he is going to insert trillions more into the economy, thus lowering the value of the dollar further.

Yeah, that’s the ticket!

 

[Moonglow]

Biden has a plan to halt it: he is going to insert trillions more into the economy, thus lowering the value of the dollar further.

Yeah, that’s the ticket!

Yeah, since Biden is the all controlling master of the Universe he is to blame for inflation in other nations and shortages in other nations that is occurring now.. You people clearly failed economics 101 class.

 

[Lisa558]

Yeah, since Biden is the all controlling master of the Universe he is to blame for inflation in other nations and shortages in other nations that is occurring now.. You people clearly failed economics 101 class.

So he’s going to make it worse by weakening the dollar further and expanding welfare NOW? You people clearly failed a logic class.

 

[john doe 101]

Yeah, since Biden is the all controlling master of the Universe he is to blame for inflation in other nations and shortages in other nations that is occurring now.. You people clearly failed economics 101 class.

You should know by now you can't talk sense to these animals.

 

[Moonglow]

So he’s going to make it worse by weakening the dollar further and expanding welfare NOW? You people clearly failed a logic class.

The welfare class like industry which has 99 billion in tax breaks?

 

[Moonglow]

You should know by now you can't talk sense to these animals.

I liken it to a cat playing with a mouse while killing it.

 

[Votto]

Yeah, since Biden is the all controlling master of the Universe he is to blame for inflation in other nations and shortages in other nations that is occurring now.. You people clearly failed economics 101 class.

Exactly

We should all be blaming capitalism and white conservative males for the inflation

Oh, and Israel as well, but NEVER blame those in power who have been actually running the show.

 

[Moonglow]

Exactly

We should all be blaming capitalism and white conservative males for the inflation

Oh, and Israel as well, but NEVER blame those in power who have been actually running the show.

If you knew how things work you'd know that it takes time to implement any activity and this activity began in late 2020...Capitalist do have control of production and distribution the govt. does not. We are not a highly centralized form of govt.

 

[Not a Monkeys Uncle]

Bidenflation: Fed’s Favorite Inflation Measure Soared 5.8% in 2021, Worst in 39 Years​

Bidenflation: Fed's Favorite Inflation Measure Soared 5.8% in 2021, Worst in 39 Years

Prices are rising faster than income, leaving Americans worse off. | Economy

www.breitbart.com

The Federal Reserve’s favored gauge of inflation jumped 5.8 percent last year, the biggest increase since 1982, according to data released by the Commerce Department on Friday.

Consumer spending actually dipped in December, falling 0.6 percent compared with the prior month. Prices, however, climbed 0.4 percent. Core prices, which exclude food and energy, rose 0.5 percent compared with November and 4.9 percent compared with a year ago.

Economists had forecast a rise of 4.8 percent year over year for the so-called “core’ prices and 5.8 percent for the headline. On a monthly basis, the forecast was for 0.4 percent.

Incomes rose 0.3 percent in December compared with the prior month, missing the forecast for a 0.5 percent rise. Expenditures fell by 0.6 percent, reflecting the end of fiscal stimulus and an early holiday shopping season.

The Federal Reserve targets an average increase of two percent in the Commerce Department’s Personal Consumption Expenditure price index. For years prior to the pandemic, the index undershot that target. The index has been above target since March of 2021.