Article

2024-05-15 Economy

Inflation Inferno: Producer Price Index Shows Prices Rising Much More Than Expected

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Posted by Skidmark 2024-05-15 00:00|| || Front Page|| [189 views ] Top

#1 CPI and Real Earnings scheduled for release at 830am EDT 15 May.

Posted by Lord Garth 2024-05-15 00:37|| 2024-05-15 00:37|| Front Page Top

#2 Then we wait a month until the real numbers are exposed?

Posted by Whiskey Mike 2024-05-15 04:52|| 2024-05-15 04:52|| Front Page Top

#3 Here's the CPI side of this:

CONSUMER PRICE INDEX - APRIL 2024

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in April on a seasonally adjusted basis, after rising 0.4 percent in March, the U.S. Bureau of Labor Statistics reported today.
Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment.

Posted by Lord Garth 2024-05-15 09:19|| 2024-05-15 09:19|| Front Page Top

#4

HEY DC SWAMP!!!!!
How about a REAL VIEW ON US INFLATION, as it affects the Workers & Retirees of America?

Because what the Fed's are trying to push as data, is far from the Real Cost of Living to the Working class and retirees, since Biden's group "took" the White House.

Surely, it all boils down to Congress overspending and its Pork Barrels to the tune of a $34T National Debt.

Thus, making the US Dollar near worthless to foreign vendors and countries. Where too much now of what we import and consume now comes from.

OH, and don't forget the usual election year increase in the Min Wage for votes.

Posted by NN2N1 2024-05-15 10:15|| 2024-05-15 10:15|| Front Page Top

#5 CPI = "A basket of things nobody buys" that excludes the most essential things everyone buys.

Posted by M. Murcek 2024-05-15 10:18|| 2024-05-15 10:18|| Front Page Top

#6 Funny how they removed coffee from their "calculations". I mean, sure, nobody drinks coffee anymore. Riiiiiiiiiiiiiiiiight.

Posted by DooDahMan 2024-05-15 10:21|| 2024-05-15 10:21|| Front Page Top

#7 The BLS removed one of its coffee indicators (it was for a specific size container). It still has two coffee indicators. You can see the entire food list here

https://www.bls.gov/cpi/factsheets/average-prices.htm

Posted by Lord Garth 2024-05-15 10:51|| 2024-05-15 10:51|| Front Page Top

#8 I have a recipe which calls for 4 lbs. of potatoes. When I started making it, bags at the store were 5 lbs. Today, they are 3 lbs. bags and more expensive.

Posted by swksvolFF 2024-05-15 14:07|| 2024-05-15 14:07|| Front Page Top

#9 More than expected by who? I’ve seen destroyer sailors in foreign ports act with more fiscal responsibility than the Biden Administration. Buttigieg sneezes inflation. Everything these clowns do is inflationary. They ought to seek a Goodyear sponsorship.

Posted by Super Hose 2024-05-15 17:02|| 2024-05-15 17:02|| Front Page Top

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