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Economy
Inflation surges to new 41-year high of 8.6%: Groceries jump 12% and gasoline soars 49% as rising prices cause misery for consumers
2022-06-11
[Daily Mail, where America gets its news]
  • Biden finally admits inflation is 'not coming down as quickly as needed'

  • The consumer price index rose 8.6% on May from a year ago, the fastest increase since December 1981

  • Increase was larger than economists expected and topped the recent peak set in March

  • Soaring food and energy prices drove the increase, with groceries up 11.9% and gasoline rising 48.7%

  • But core inflation, excluding food and energy, was also higher than expected at 6% annual rate

  • It is the strongest signal yet that inflation has not yet peaked, as Biden previously claimed

  • On Friday Biden plans to speak at the Port of Los Angeles to highlight supply chain initiatives
Posted by:Skidmark

#6  My 8-pack of TP came with six. And cost more.

Laundry detergent halved, same price.

"Half Pound" Mick Burger fit in my palm.

8% is Just the Tip.
Posted by: swksvolFF   2022-06-11 10:26  

#5  Remember the old saw: "Never attribute to malice that which can be explained by incompetence."
Posted by: M. Murcek   2022-06-11 08:37  

#4  Maybe, just maybe, the people in government are totally clueless that they are the problem and not the 'endless' solution. Nah, they're doing this on purpose.
Posted by: Procopius2k   2022-06-11 08:29  

#3  
Since the day that these idiots "took" office.

My Gas has gone from $2.12 to $4.49 a Gallon as of yesterday. That's 111.79%.

A loaf of Bread from $2.25 a loaf to $3.25 that's 44.4%
We now buy store brand @ $1.75 a loaf.

Milk was $2.89 is now $3.79 that's 31.14%

Eggs went from $0.75 a dozen to $1.89 That's 152.0%

Bacon was $2.85 an LBS is now $4.95 That's 73.68% it was $7.07 a LBS for about 6 months.

Chicken Wings $2.89 an LBS to $4.04 That's 39.79%

Our 2022 SSA COLA was 5.9%


The 2022 Congressional Pay Raise was 21%

Speaking with a Wally World Shelf Stock'er I know.
I was joking and said "How long before Y'all set up a Loan Dept. and hire armed guards?"

He responded they now have a Store Credit card and were hiring more Loss Prevention staff to monitor certain high loss sections. He added, they are closely watching those with large pursues and Baby Strollers with drape covers.

An Life goes on.
Posted by: NN2N1   2022-06-11 08:16  

#2  -775 right now
Posted by: Frank G   2022-06-10 11:44  

#1  Dow drops 750 points as red-hot inflation blows past expectations and drags Wall Street down
Posted by: Skidmark   2022-06-10 11:34  

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