You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Economy
Latest Inflation Numbers Released, Surprising Economists
2022-05-12
BLUF:
[Townhall] Consumer inflation — once dubbed "transitory" by the White House — has stuck around four-decade highs in recent months after surging upward after President Biden took office, and April's year-over-year increase is nearly double last April's reading. Here's a quick look at the YOY inflation data for each month since Biden took office in January 2021:

  • January 2021 - 1.4%
  • February 2021 - 1.7%
  • March 2021 - 2.6%
  • April 2021 - 4.2%
  • May 2021 - 5.0%
  • June 2021 - 5.4%
  • July 2021 - 5.4%
  • August 2021 - 5.3%
  • September 2021 - 5.4%
  • October 2021 - 6.2%
  • November 2021 - 6.8%
  • December 2021 - 7.0%
  • January 2022 - 7.5%
  • February 2022 - 7.9%
  • March 2022 - 8.5%
  • April 2022 - 8.3%

    President Biden, however, continues to refuse any accountability for the pain being felt by Americans under the crunch of rising prices and lower real wages. Instead, he has attempted to blame Putin's invasion of Ukraine (which came after YOY inflation had hit >7% for multiple months) and the COVID-19 pandemic (a virus which candidate Biden promised he would "shut down" instead of the U.S. economy).
    • Posted by:Besoeker

    #8  What me worry? My first mortgage in 1972 had a 13.5%, 30 year interest rate.
    Posted by: Papa Cooky   2022-05-12 12:30  

    #7  Anyone surprised is a shill, not an economist.
    Posted by: swksvolFF   2022-05-12 11:29  

    #6  all the Weber grill propane costs we'll save

    You'll need it for heat.
    Posted by: Skidmark   2022-05-12 10:56  

    #5  Think about all the Weber grill propane costs we'll save when hamburger finally reaches $39. per pound.
    Posted by: Besoeker   2022-05-12 09:43  

    #4  'Surprising' is this month's 'unexpected' economic news.
    Posted by: Raj   2022-05-12 09:39  

    #3  doubt many economists were really surprised by the inflation numbers

    what is surprising is some of the other metrics, e.g. productivity (in the toilet at -7.5% for Jan-Mar2022)

    The EU had about 7.8 YoY in March, only a little better than the USA.
    Posted by: Lord Garth   2022-05-12 09:27  

    #2  Just a very basic knowledge of economics would be helpful. But I'm not holding my breath.
    Posted by: Tom   2022-05-12 07:36  

    #1  

    While the DC Swamp is filling other nations and special interest groups pockets with $$$$$.

    They should remember 8.9% is big chuck for a retiree / fixed income to live w/o until the next COLA.

    They might want to remember their Wuhan Virus did not kill as many fixed income and retiree voters they planned on.
    Posted by: NN2N1   2022-05-12 07:15  

    00:00