U.S. Inflation Hits 39-Year High of 7%

[bugs]

Remember When the Dollar Tree Had stuff for Just $1
it's a $1.25 NOW...
That would be a 25% Increase.. Right?

 

[jknowgood]

The vaccinated aren't clogging up our hospitals.

Go ahead and think that way.

 

[JohnDB]

Go ahead and think that way.

Yeah...
It took two days just to get tested this past weekend. (PCR test) we started trying on Friday and Sunday we finally got in... results came back Monday.

All clinics and hospitals are backed up.

Anybody saying otherwise is just gaslighting.

 

[otto105]

Go ahead and think that way.

I don't have to think that way, just follow current events instead of an orange fuckup.

 

[Devils_Advocate]

Theres not a pandemic now?

I have read enough of your stupid bullshit that I need to respond!

The loss of jobs in 2020 was because States closed down their economies because your beloved China caused a pandemic around the World which also caused the markets to crash at one time but you forgot all about that, right?

When you take major Economies like Texas and California offline it will cause massive jumps in unemployment and when they come back online like California did by summer of last year you will see record drops of unemployment but of course you knew this, right?

Biden had or has very little to do with the increase or decrease of those numbers and the State Governors of California , Texas, Florida, New York and even Illinois have more to do with this than Biden, you do know this right?

 

[otto105]

I have read enough of your stupid bullshit that I need to respond!

The loss of jobs in 2020 was because States closed down their economies because your beloved China caused a pandemic around the World which also caused the markets to crash at one time but you forgot all about that, right?

When you take major Economies like Texas and California offline it will cause massive jumps in unemployment and when they come back online like California did by summer of last year you will see record drops of unemployment but of course you knew this, right?

Biden had or has very little to do with the increase or decrease of those numbers and the State Governors of California , Texas, Florida, New York and even Illinois have more to do with this than Biden, you do know this right?

Ghina caused the pandemic?

So, you would have advocated for more people to die from the COVID virus to keep TP on the shelves until we produced a vaccine that you refuse....? No state closed their economies down because they just decided that 'what the hell' let's do that. They did so because our economy was still going to take a blow from the virus and they didn't want to spread it faster.

Just look at death rates between Sweden and Norway. Then compare the virus affects on their economies.

 

[JusticeHammer]

Can you live on $15 an hour in a metropolitan area or tourist area?

Minimum wage is meant to be a stepping stone. Better yourself and move up. Wasn't meant to be a living wage.

 

[jknowgood]

I don't have to think that way, just follow current events instead of an orange fuckup.

Still living in the past of prosperity. Biden has us all screwed up.

 

[Indeependent]

Still living in the past of prosperity. Biden has us all screwed up.

Otto probably worked in a deli and therefore thinks $15.00/hour is fantastic.

 

[Ordinary Guy]

Key inflation gauge surges 5.8% in December, fastest pace in four decades​

Excluding the more-volatile measurements of food and energy, prices rose 4.9% in December from the previous year – the highest since September 1983. That measurement is the Fed's preferred gauge to track inflation; it marks the ninth consecutive month the measure has been above the central bank's target range of 2%.


The inflation spike largely reflected surging energy costs, which rose 29.9% from a year ago, and food costs, which were up 5.7% over that same time period. Services inflation rose by 4.2% in December, and goods inflation increased 8.8% – up from the 8.5% pace a month prior, the data shows.

The PCE report was accompanied by data on household spending, which showed that consumer spending fell 0.6% last month, with purchases of cars, electronics and clothes declining. Higher prices may have deterred some households from shopping, along with a surge of the highly contagious omicron variant, which has elicited some fresh business restrictions.

Labor costs are also rising: A separate report on Friday showed that the employment cost index, a lesser-known gauge that measures wages and benefits paid by employers, jumped 1% in the final quarter of 2021 from the previous year, bringing the total gain for the year to 4%. While there are several factors contributing to high inflation, experts have warned that labor costs are a major contributor to rising prices.

Key inflation gauge surges 5.8% in December, fastest pace in four decades

Annual inflation is running at the hottest pace in nearly four decades as widespread supply disruptions, extraordinarily high consumer demand and worker shortages fuel rapidly rising price increases.

www.foxbusiness.com