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| Economy |
| Another Month Another Big Inflation Report |
| 2021-10-14 |
| [BureauOfLaborStatistics] The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in September on a seasonally adjusted basis after rising 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment. The indexes for food and shelter rose in September and together contributed more than half of the monthly all items seasonally adjusted increase. The index for food rose 0.9 percent, with the index for food at home increasing 1.2 percent. The energy index increased 1.3 percent, with the gasoline index rising 1.percent. Beginning in Jan 2021, the annualized rate has been above 3% with some months, e.g., March- June above 7%. Wage rates have increased during this time but only about 3-4% annualized, so, as many Rantburgers have pointed out, this acts as a tax. |
| Posted by:Lord Garth |
| #6 What taxes don't get, inflation, and eventually interest will get. Shades of Jimmy Carter days. |
| Posted by: JohnQC 2021-10-14 16:24 |
| #5 In my area the packaged meat area the hot links spot is empty (!!) |
| Posted by: magpie 2021-10-14 10:14 |
| #4 ^ NASDAQ will be slammed too. Ditto for all the SPAC and memstock and shitcoin garbage This bubble is even worse than 2001's -- the amounts of leverage given to all these millions of little amateur gamblers are unbelievable. It will be a very hard fall |
| Posted by: Patriot 2021-10-14 09:15 |
| #3 another remarkable thing is the T bond rates with the obvious inflation issue you would thing the Fed would slam on the brakes but the 5 year, 10 year and 30 year T-bond rates are about 1%, 1.5% and 2.0% respectively today when the Fed finally wakes up to the reality there will be hell to pay in the Bond market |
| Posted by: Lord Garth 2021-10-14 09:06 |
| #2 In our local area. Dec. 2019 RIB EYE Steak $7.95/lb Sept. 2021 now $14.95 Dec. 2019 80/20 Ground beef $2.38/lb Sept. 2021 now $3.89 (packages, not tubes) Dec. 2019 Skinless Salmon $8.45/lb Sept. 2021 now $9.68/lb Dec. 2019 Smithfield Bacon $2.89/lb Sept. 2021 now $5.08/lb Dec. 2019 Tysons Chicken Wings $2.35/lb Sept. 2021 now when available $4.04/lb currently "We're sorry, this item is not available." Surprisingly PORK Meats other than Bacon, had lower inflation rates than the above in our area. eg. Pork Loin Center cut now floating around $2.89/lb btw: thinly slice makes a decent bacon sub. |
| Posted by: NN2N1 2021-10-14 08:31 |
| #1 Inflation is real - despite Powell's lies The $3.5 trillion does not "pay for itself" - despite Biden's lies The stock market is a ridiculously over-inflated bubble - despite all the idiocy and lies surrounding it |
| Posted by: Patriot 2021-10-14 01:12 |