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| Economy |
| CPI up 7.9% in year ending Feb 2022 Worst in over 40 years |
| 2022-03-11 |
| [BLS] CONSUMER PRICE INDEX; FEBRUARY 2022 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.8 percent in February on a seasonally adjusted basis after rising 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.9 percent before seasonal adjustment. Increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase. The gasoline index rose 6.6 percent in February and accounted for almost a third of the all items monthly increase;... The all items index rose 7.9 percent for the 12 months ending February. The 12-month increase has been steadily rising and is now the largest since the period ending January 1982. |
| Posted by:Lord Garth |
| #10 Those EV batteries are gonna get REALLY expensive. Lithium spot price is up 114% since Jan 1 alone |
| Posted by: Porthos 2022-03-11 15:43 |
| #9 good point swksvolFF I didn't think to highlight that but from Dec 20 to Dec 21, electric rates for residential are up about 8.5% on a national basis. Some States really feeling the pain, e.g., Hawaii where the increase was about 20% and rates are almost three times the national average. |
| Posted by: Lord Garth 2022-03-11 15:29 |
| #8 Anyone going around saying get an EV if gas is too expensive, hasn't been paying attention is simply isn't affected by the price of electricity. |
| Posted by: swksvolFF 2022-03-11 13:47 |
| #7 as to who benefits, if you have a $1M mortgage with a 3% rate, count yourself as lucky as to why we are doing this to ourselves, I'm pretty sure the Biden Admin basically believed (to some extent still believes) in its own theory of economics where wages rise but business costs don't, where windmills fuel cars, where budget deficits don't matter, etc. Granted that this sounds insane but having met members of the USA ruling class, this type of insanity is pretty common. |
| Posted by: Lord Garth 2022-03-11 13:29 |
| #6 Cui bono? Why are we doing this to ourselves? |
| Posted by: Hunter Bidens Laptop 2022-03-11 11:26 |
| #5 Hunter a lot of housing inflation hasn't yet been recorded by the BLS because of the methodology but unless oil hits $150/bar the annual increases will probably be below 10% through the summer. Of course 10% is horrible. A lot of business will be disrupted, people will lose opportunity to buy houses, people will lose jobs. |
| Posted by: Lord Garth 2022-03-11 10:58 |
| #4 re #2: what does the WH mean by 'substantially increase' (White House expects inflation will 'substantially' increase in coming months)? 8 percent inflation's not enough for them? 15 percent? 20 percent? |
| Posted by: Hunter Bidens Laptop 2022-03-11 09:07 |
| #3 #1 - Fixed |
| Posted by: Frank G 2022-03-11 06:57 |
| #2 And much worse to come. BOHICA. Sacrifice for Ukraine? FUCK NO |
| Posted by: No Fortunate Son 2022-03-11 05:10 |
| #1 oops 40 years not 30 |
| Posted by: Lord Garth 2022-03-11 05:01 |