Comments

You have commented 339 times on Rantburg.

Your Name

Your e-mail (optional)

Website (optional)

	My Original Nic Pic-a-Nic Sorry. Comments have been closed on this article.
Foto

Submit your comments on this article

Economy

Consumer Prices See Largest Yearly Jump Since 2008 as Evidence of Inflation Mounts

2021-05-13

[NATIONALREVIEW] The Consumer Price Index (CPI), which tracks the cost of a variety of consumer goods as well as housing and energy prices, has risen 4.2 percent from a year ago, notably higher than the estimated 3.6 percent. It is the largest yearly increase since September 2008.

Even controlling for food and energy prices, the CPI was up three percent, higher than the estimated 2.3 percent. The 0.9 percent CPI increase from March, again controlling for food and energy prices, is the highest since April 1982.

This data comports with Americans’ everyday experiences. On Tuesday, the average price of a gallon of gas rose to $2.99, the highest figure since November 2014.

The news also contradicts the Biden administration’s line on the risk of inflation — that it’s nearly nonexistent.

Posted by:Fred

#4 Just priced something. Same formula as always. Up from shy of $600 to shy of $700, and that is way below MSRP.

Makes me wonder how fast I need to sell items in order to afford the replacement.

I think it was about three months ago hyper devaluation was being discussed here, and that is without just losing 1/3 of the nation to the gasoline lines, another 1/3 still playing Covid games, and the Mississippi River being closed along with a huge East/West road transit point.

I believe we will be arriving at Destination Boneland sooner than we think.

Posted by: swksvolFF 2021-05-13 18:02

#3 tank the overvalued stock market
Or consider that stock values are inflating due to the new money, which has to find some place to land.

Posted by: Glenmore 2021-05-13 09:40

#2 The economy, the stock market and the dollar have been running on fumes for decades. It will happen like this:
How did you go bankrupt?"
Two ways. Gradually, then suddenly.
― Ernest Hemingway, The Sun Also Rises

Posted by: Bubba Lover of the Faeries8843 2021-05-13 01:38

#1 Do the math.
Six TRILLION dollars.
One-third of US GDP.
No f---ing way this muppet or his successor or the IRS can find enough coins under the couch to pay for the most ridiculously bloated pork budget in human history.

OF COURSE we'll have high inflation. Of course these idiots will destroy the dollar's supremacy. Of course they'll tank the overvalued stock market.

We've seen this movie before.

Posted by: Sonny Elmereling6677 2021-05-13 00:37

00:00