Inflation surges as consumer prices
leap 5%, biggest jump since 2008
New York Post,
by
Will Feuer
Original Article
Posted By: Imright,
6/10/2021 4:07:49 PM
Inflation continued to surge in May, with consumer prices accelerating at the fastest pace in more than 12 years as the economy emerges from the pandemic, the feds said Thursday.The Labor Department’s Consumer Price Index, which measures a basket of goods and services as well as energy and food costs, jumped 5 percent in May from a year earlier.That’s higher than April’s 4.2 percent year-over-year rise in prices, and the biggest 12-month rise since August 2008, just before the financial crisis sent the US into the worst recession it had seen since the Great Depression. Economists surveyed by Dow Jones expected a 4.7 percent spike in May.
Reply 1 - Posted by:
SALady 6/10/2021 4:10:36 PM (No. 811916)
Or, as we call it at our house: bidenomics!!!!
Hold on to your hat, because it's only going to get much, much, much worse!!!!
8 people like this.
Reply 2 - Posted by:
LanceLink1 6/10/2021 4:22:06 PM (No. 811928)
Thanks joe! You richard cranium.
3 people like this.
Reply 3 - Posted by:
bighambone 6/10/2021 4:33:31 PM (No. 811936)
Biden does not care as he knows that he can fraudulently blame Trump and the fake media who are the propagandists for the leftist, liberal, and socialist Democrats will back him though their fake reports and puff pieces about how he picked up a flower for his wife.
4 people like this.
Doesn't anyone here understand the LAW (not a suggestion) of supply and demand. We have suddenly increase the supply of money without simultaneously increasing the supply of goods and services to be purchased with all those new greenbacks. Inflation will ensue. Remember Jimmah Carter, who used to be our worst President before the real losers got into the White House? Get ready for first mortgage rates of 15%.
3 people like this.
Reply 5 - Posted by:
stablemoney 6/10/2021 4:52:41 PM (No. 811959)
Inflation is here to stay. The Democrats have no other way to keep the facade going than printing money, which is making up a large percentage of GDP. The smart people no longer lend money to the government, so the government is forced into money printing. Janet Yellen looks and is a toady of the left. That is how she got where she is. Her predictions have moved from that inflation will be temporary, to inflation is not a bad thing. Really? I heard Janet calling for Biden to spend more money. Another wave of spending, on to QE4. The government has spent it all, and will not stop spending, until they can find no takers on rolling over the $30 trillion in national debt.
4 people like this.
Reply 6 - Posted by:
chance_232 6/10/2021 6:11:02 PM (No. 812010)
Re#4 Thats only part of the problem. Wages are going up to counter the free government money for unemployment. And labor, is the biggest ticket item on most employers balance sheet.
Then! Start shutting down oil. Thus causing that to increase in price. Energy costs affects everything.
2022 is going to be a very very bad year.
3 people like this.
Reply 7 - Posted by:
Venturer 6/10/2021 8:28:55 PM (No. 812089)
2021 isn't doing that great either. Try buying a steak today.
3 people like this.
Reply 8 - Posted by:
hershey 6/10/2021 8:58:41 PM (No. 812111)
Went to the store today and drove past several gas stations... regular $3.15 a gallon....thanks a lot you demented idiot...
2 people like this.
Reply 9 - Posted by:
JimBob 6/10/2021 9:34:04 PM (No. 812130)
"Inflation surges as consumer prices leap 5%,"
5%.
5%?
FIVE PERCENT?
I DON'T BELIEVE IT!
Gasoline in my area as gone from $1.60 to $2.65, a 65% increase.
Steel for steel buildings has DOUBLED.
Lumber has QUADRUPLED.
Five Percent, my Backside!
"The Surest way to attack a capitalist system is to Debauch the Currency.".........Lenin
Thanks, Crooked Joe (Spit!)
IF you were to do everything in your power to weaken and destroy America......
......WHAT would you do DIFFERENTLY than what you are Already DOING?
2 people like this.
Have you noticed how manufacturers have reduced the size of containers in an attempt to keep the price jump not look as bad? I bought crackers today. It was noticeable how much smaller the boxes are now. Cupcakes are half the height. Ice cream is being sold in small containers. All sneaky ways to disguise the price increases.
2 people like this.
Reply 11 - Posted by:
Trigger2 6/11/2021 1:20:41 AM (No. 812218)
Joey is taking the country back to Peanut Head Carter years. Isn't that swell?
0 people like this.
Reply 12 - Posted by:
franq 6/11/2021 6:08:00 AM (No. 812269)
Yeah, #10, that trick goes back several years. Cereal boxes are the same height and width, but half as thick.
0 people like this.
Reply 13 - Posted by:
JHHolliday 6/11/2021 9:35:19 AM (No. 812452)
5%? More than that from what I see. Watch the media downplay and spin it as long as they can. In a few months it will be so bad that the whole country will be screaming.
0 people like this.
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