Article

2022-08-10 Economy

Consumer prices rose 8.5% annually in July, as inflation remains stubborn

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Posted by Frank G 2022-08-10 08:45|| || Front Page|| [8 views ] Top
File under: Tin Hat Dictators, Presidents for Life, & Kleptocrats

#1 "The lower prices for gasoline offset price increases in food and housing, the bureau stated."
?????

Gas is still +/- $1.20 higher in my neck of the woods, than it was in 2020, which is about a 57.91% increase.

Tell you what Nancy P., I just want a SSA / SSD COLA increase equal to the Congressional Pay Raise of March 2022 "a 21 percent increase — according to the House Appropriations Committee summary."

Posted by NN2N1 2022-08-10 09:09|| 2022-08-10 09:09|| Front Page Top

#2 I wouldn't hold my breathe on that wish.

Posted by Chris 2022-08-10 11:04|| 2022-08-10 11:04|| Front Page Top

#3 Stubborn. After Democrats; DC just passed the Make Bigger Inflation Act, we may end up wishing for a stubborn 8.5%.

Posted by swksvolFF 2022-08-10 11:06|| 2022-08-10 11:06|| Front Page Top

#4 I just hope that there aren't premature declarations of victory followed by an easing off that will make inflation much worse. See 1975-82.

Posted by Tom 2022-08-10 11:24|| 2022-08-10 11:24|| Front Page Top

#5 Really, Joe? President massages July's inflation figures and says US experienced ZERO inflation when in fact it stood at 8.5%: Gas prices drop but food and rent costs soar for American families

Posted by Skidmark 2022-08-10 13:56|| 2022-08-10 13:56|| Front Page Top

#6 Just wait until the real food shortages show up. Warehouses are just now starting to empty, so by Q4 we will see some real bare shelves. Later meat will be hard to come by as herds are now being culled and there will be later by Q1 2023.

Revolutions and violent civil disorder have reliably happened when food jumps over 20% rise in cost quickly. The US is just now passing that with shortages coming. How long before people start burning down areas, rioting over it and shooting each other?

Posted by DarthVader 2022-08-10 14:01|| 2022-08-10 14:01|| Front Page Top

23:29 Chris
23:24 Skidmark
23:17 Skidmark
23:16 Skidmark
21:39 magpie
21:35 magpie
20:50 Frank G
20:12 magpie
19:59 Frank G
19:50 DarthVader
19:35 magpie
19:31 magpie
19:04 SteveS
18:57 swksvolFF
18:44 SteveS
18:15 Procopius2k
18:06 CrazyFool
18:05 Procopius2k
17:50 CrazyFool
17:31 swksvolFF
17:28 JohnQC
17:25 swksvolFF
17:25 Rob Crawford
17:23 JohnQC