Key inflation rate surges at highest rate since June

[Thinker101]

The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.

Friday’s report from the Commerce Department showed that consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December.

Key US inflation measure surges at fastest rate since June

 

[jwoodie]

Inflation is here to stay. It is the only way to stay ahead of our interest payments on the national debt.

 

[johngaltshrugged]

.06% is a 300% rise over the previous month (.02%).


The fact they don't count our biggest expenses when calculating the inflation rates is all you need to know when you see the numbers they put out that are largely fake to begin with.
If your rent, fuel, heating & groceries are up 75%, what does it matter if Post-it notes are only up 5.4%?

Add that to the fact that any supposed small increase in GDP is more than accounted for by the prices being so much higher than they were previously, making the increase meaningless.
The truth is, consumer purchasing power has fallen for 22 straight months & that is what will eventually ground the private economy to a halt.
Increased govt spending (Keynesian economics) will not work to stop the coming "correction" which will actually be a major crash.

 

[jbrownson0831]

The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.

Friday’s report from the Commerce Department showed that consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December.

Key US inflation measure surges at fastest rate since June

And the stock market tanks again thanks to Poopeypants and his America hating Dims.

 

[CrusaderFrank]

….and the Bank of Ukraine will need $1 Trillion to “rebuild”

 

[Votto]

.06% is a 300% rise over the previous month (.02%).


The fact they don't count our biggest expenses when calculating the inflation rates is all you need to know when you see the numbers they put out that are largely fake to begin with.
If your rent, fuel, heating & groceries are up 75%, what does it matter if Post-it notes are only up 5.4%?

Add that to the fact that any supposed small increase in GDP is more than accounted for by the prices being so much higher than they were previously, making the increase meaningless.
The truth is, consumer purchasing power has fallen for 22 straight months & that is what will eventually ground the private economy to a halt.
Increased govt spending (Keynesian economics) will not work to stop the coming "correction" which will actually be a major crash.

In other words, things are according to plan.

 

[LordBrownTrout]

….and the Bank of Ukraine will need $1 Trillion to “rebuild”

Frank, have some sympathy. Its a big laundromat and everyone needs a clean set of clothes. Now, about those tanks, there's plenty ww1 surplus to be had on the cheap.

 

[BluesLegend]

Meanwhile government is on a spending spree, plunking down a whopping $3.5 BILLION for spacesuits. If there are 100 suits that $35 million per suit holy shit!

 

[Votto]

Meanwhile government is on a spending spree, plunking down a whopping $3.5 BILLION for spacesuits. If there are 100 suits that $35 million per suit holy shit!

To be fair, if you are trying to destroy a planet, it makes sense to try and leave for another planet, hence the need for the spacesuits.

 

[RhodyPatriot]

….and the Bank of Ukraine will need $1 Trillion to “rebuild”

Those pensions ain't gonna pay for themselves.

 

[airplanemechanic]

Key US inflation measure surges at fastest rate since June

WASHINGTON (AP) — The Federal Reserve's preferred inflation gauge rose last month at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy and could lead the Fed to keep raising interest rates well into this year.

apnews.com

"Friday’s report from the Commerce Department showed that consumer prices rose 0.6% from December to January, up sharply from a 0.2% increase from November to December. On a year-over-year basis, prices rose 5.4%, up from a 5.3% annual increase in December.

Excluding volatile food and energy prices, so-called core inflation rose 0.6% from December, up from a 0.4% rise the previous month. And compared with a year earlier, core inflation was up 4.7% in January, versus a 4.6% year-over-year uptick in December."

This is huge news, so much for inflation going down. Dec-Jan it was 5 times higher than Nov-december. And don't confuse this number with CPI, that's totally different.

Typically, the PCE index shows a lower inflation level than CPI. In part, that’s because rents, which have soared, carry twice the weight in the CPI that they do in the PCE.

The feds even watch this rate more than CPI. With 8 increases in interest rates, they haven't been able to make a dent in inflation. This is really bad. And this will be around for a long long time.

 

[Mac1958]

The Fed has no choice but to keep increasing rates. The last thing you want with inflation is for it to last long enough to start feeding on itself, and that happened a long time ago.

75bps probably continues, and it wouldn't shock me to see it get higher than that.

 

[beagle9]

The Fed has no choice but to keep increasing rates. The last thing you want with inflation is for it to last long enough to start feeding on itself, and that happened a long time ago.

75bps probably continues, and it wouldn't shock me to see it get higher than that.

You can thank your knucklehead Biden and his merry band of idiot's for everything you are experiencing now, but you are just to much of a partisan Democrat hack to admit it. One day maybe you'll wake up, but it's probably to late for that. In the mean time why don't you call Biden and tell him Thanks bud ? After that go outside and see where you might can grow you some food, and maybe find a fresh stream of water, because you're gonna need it. Oh and learn to speak Chinese or Russian while you're at it.

 

[Mac1958]

You can thank your knucklehead Biden and his merry band of idiot's for everything you are experiencing now, but you are just to much of a partisan Democrat hack to admit it. One day maybe you'll wake up, but it's probably to late for that. In the mean time why don't you call Biden and tell him Thanks bud ? After that go outside and see where you might can grow you some food, and maybe find a fresh stream of water, because you're gonna need it. Oh and learn to speak Chinese or Russian while you're at it.

I know what you're told about what caused the inflation. There is nothing I can do about where you get your "information".

Calm down, slugger.

 

[airplanemechanic]

I know what you're told about what caused the inflation. There is nothing I can do about where you get your "information".

Calm down, slugger.

So what did CNN tell its viewers is the reason inflation has shot up since the day Biden took office and is still rising to this day?

 

[Mac1958]

So what did CNN tell its viewers is the reason inflation has shot up since the day Biden took office and is still rising to this day?

No, you guys have it all figured out. Global inflation exploded the day Biden took office because of him.

I think that really nails it.

 

[airplanemechanic]

No, you guys have it all figured out. Global inflation exploded the day Biden took office because of him.

I think that really nails it.

So you can't answer the question.

 

[Mac1958]

So you can't answer the question.

Analyzing and acting on economics and markets has been my profession for over 22 years.

You believe what you're told to believe. As instructed. I'm not trying to convince you of anything.

It's all Biden's fault. There ya go. You got it.

 

[Mac1958]

That's what I get for commenting on economics around Trumpsters.

 

[beagle9]

Analyzing and acting on economics and markets has been my profession for over 22 years.

You believe what you're told to believe. As instructed. I'm not trying to convince you of anything.

It's all Biden's fault. There ya go. You got it.

Explain why Obama said that "where is he (Trump), going to find these new Jobs"(?), and then Trump made him look like the cheesey con artist car salesman character that Obama was.