Posted on 04/12/2022 5:40:55 AM PDT by John W
Prices that consumers pay on everyday items surged in March to their highest levels since the early days of the Reagan administration, according to Labor Department data released Tuesday.
The consumer price index, which measures a wide-ranging basket of goods and services, jumped 8.5% from a year ago on an unadjusted basis, above even the already elevated Dow Jones estimate for 8.4%.
(Excerpt) Read more at cnbc.com ...
Be aware that the government has changed the formula that it used in 1981..........................
Starting a pool: how many times do you think we will hear “the Putin Price Increase” from White House and Media today?
Spend spend spend, raise interest rates!
Who in their right mind think that raising interest rates slows inflation? It slows buying but the inflation is in the interest rate itself!
Are bankers leaking their chops, ready to overtake properties?
“Starting a pool: how many times do you think we will hear “the Putin Price Increase” from White House and Media today?”
If you total up Dem politicians, media allies and the White House, the number will be big. It was said a lot yesterday. I guess they figure if they spew it enough, the sheep will eventually believe it.
They used covid to hide their economic incompetence, now they use Putin…. Same difference. At this rate we got nuclear war to hide a complete global breakdown in distrust of institutions?The FBI should commit suicide while there is time to do it in a humane way without drama…
Inflation is a ratchet upwards....
No. That Putin prices line is going to stop. It’s dangerous to let a manufactured excuse drag on too long. The masses begin to ask relative questions and think. A new sound bite every few weeks is the emotional shiny thing. No thinking needed.
I am not joking: the LEAD story from local Miami media is talking about how JOE BIDEN is helping bring prices down because of his stupid ethanol plan.
Totally in the tank.
I believe it excludes housing and vehicles
the liberals want to reset all the way back to Carter.
And only “build back better” can bring down inflation.
8.5% my arse.
8.9% is BS. The wine I like to drink is up 22% JUST IN 2022!
I’m surprised Biden doesn’t just identify as a successful President than everything will be ok... we know the left would buy it.
20% of the currency currently in circulation was printed after Brain Dead Joe stole the presidency. That's what's causing our inflation.
And there was some good reasons for that change. The introduction of efficient means of production and alternatives have been significant since the 1980s.
I understand the need to understand the systems and metrics in place. But comparing the economy in 2022 to 1982 without making a few adjustments would be dangerous.
A gallon of gas is used much more efficiently in 2022 than it was in my 1970s car engine. Our farmers produce much more per acre with disease resistant seed. My gas furnace is significantly better today than it was in the 1980s.
I would be careful when looking at the “Shadow” statistics without a consideration of what has changed and why.
I would agree with you in terms of the “replacement theory” that would toss out steak when it gets expensive because shoppers would replace it with hamburger. That is not a valid way to measure inflation.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.