April’s consumer price index, a key measure of inflation, rose 0.3% month over month and 8.3% year over year. Economists expect the CPI to rise 0.2% from the month prior and 8.1% year over year, according to the Dow Jones consensus estimate. That compares with March’s 8.5% year-over-year pace.
Core CPI, which strips out volatile food and energy prices, saw an even bigger month-over-month jump of 0.6%. Economists surveyed by Dow Jones were expecting a 0.4% rise.
"Everything I know about jobs I learned from Mad Men."
Post-Corona Economy
Posted: Tue May 17, 2022 6:59 pm
by GORDON
Here's a fun thought. We've had periods of inflation in the past, but we've never had a period of inflation where wage stagnation has been so pronounced, for so long, with so much national debt, with major supply chain issues, and staffing shortages everywhere.
Good times, 7 more years!
Post-Corona Economy
Posted: Tue May 17, 2022 7:00 pm
by TheCatt
GORDON wrote: ↑Tue May 17, 2022 6:59 pm
Here's a fun thought. We've had periods of inflation in the past, but we've never had a period of inflation where wage stagnation has been so pronounced, for so long.
Good times, 7 more years!
1970s stagflation
Post-Corona Economy
Posted: Thu May 19, 2022 2:35 pm
by GORDON
Just saw a prediction on MSM of $6 gas by August.
No road trips for poor people this summer.
Post-Corona Economy
Posted: Thu May 19, 2022 2:42 pm
by TheCatt
GORDON wrote: ↑Thu May 19, 2022 2:35 pm
Just saw a prediction on MSM of $6 gas by August.
No road trips for poor people this summer.
omg, get a job poors.
Post-Corona Economy
Posted: Thu May 19, 2022 4:06 pm
by Leisher
Who really said that? Was it Paris?
Post-Corona Economy
Posted: Thu May 19, 2022 4:11 pm
by TheCatt
Leisher wrote: ↑Thu May 19, 2022 4:06 pm
Who really said that? Was it Paris?
I missed something.... WHY is there a baby formula shortage in the United States of America? This is embarrassing.
Post-Corona Economy
Posted: Sun May 22, 2022 10:22 pm
by TheCatt
GORDON wrote: ↑Sun May 22, 2022 9:50 pm
I missed something.... WHY is there a baby formula shortage in the United States of America? This is embarrassing.
Baby formula is heavily regulated, tightly concentrated, and a plant that makes like 20% of the US supply had issues and closed a few months ago.
Because of regulations, we can't just import it from anywhere, etc.
Post-Corona Economy
Posted: Sun May 22, 2022 10:53 pm
by GORDON
Not a good look. Maybe the UN needs to step in with humanitarian aid for us.