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U.S consumer prices surge in March, CPI finds, pushing inflation to 2 1/2-year high
[MARKETWATCH] Consumer prices rose in March for the fourth month in a row and the pace of inflation hit the highest level in two and a half years, underscoring new pressures emerging on the economy as the U.S. recovers from the coronavirus (aka COVID19 or Chinese Plague) ...the twenty first century equivalent of bubonic plague, only instead of killing off a third of the population of Europe it kills 3.4 percent of those who notice they have it. It seems to be fond of the elderly, especially Iranian politicians and holy men...pandemic.The consumer price index jumped 0.6% last month, the government said Tuesday, spearheaded by the rising cost of oil. Economists polled by Dow Jones and The Wall Street Journal had forecast a 0.5% increase in the CPI. The rate of inflation over the past year shot up to 2.6% from 1.7% in the prior month, marking the highest level since the fall of 2018. If there's a total of $1.2 trillion in circulation, and the govt prints another $1.9 trillion, you kinda expect a bit of inflation, don't you?
Posted by: Fred 2021-04-14 |
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| http://www.rantburg.com/poparticle.php?ID=599419 |