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Forum » Inflation hits new 40-year high as gas, food rent costs surge.
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Thread: Inflation hits new 40-year high as gas, food rent costs surge.

post 1664319703 07-13-2022, 06:38 AM
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Inflation hits new 40-year high as gas, food rent costs surge.

“Inflation jumped again in June on a persistent climb in gas, food and rent costs, notching another 40-year high and likely solidifying the Federal Reserve’s plans for another big rate hike this month.

Prices increased 9.1% from a year earlier, up from an annual rate of 8.6% the prior month and the largest gain since Novemberr 1981,the Labor Department's Consumer Price Index showed Wednesday. Economists surveyed by Bloomberg had estimated inflation would rise to 8.8%.

On a monthly basis, consumer prices increased 1.3%, compared to a 1% rise in May.”

https://www.usatoday.com/story/money...i/10040997002/
post 1664319743 07-13-2022, 06:39 AM
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this is not good for crypto and the s&p, fuuuuuuuuuuuu
post 1664319783 07-13-2022, 06:39 AM
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Biden’s economy
post 1664319853 07-13-2022, 06:41 AM
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Originally Posted By OffwhiteBrah⏩
this is not good for people trying to buy food, gas and just trying to survive.
fyp
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MFC

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Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote. -Benjamin Franklin
Tits and Beer
post 1664320033 07-13-2022, 06:44 AM
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JFL @ 9.1%

It’s been double digits for close to a year.

Can’t wait to look at the itemized breakdown and see how badly they padded the CPI number. Last month it was embarrassing how inaccurate the official number was.

Also if the government still used the same formula to calculate inflation as they were in 1982, today’s CPI is not a 40-year high. It is all time high territory approaching 20%...

post 1664320123 07-13-2022, 06:46 AM
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Welcome to bidens America where 81 million people would vote for this shiit again to prove a point.
post 1664320163 07-13-2022, 06:47 AM
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Originally Posted By GuineaDago585⏩
JFL @ 9.1%

It’s been double digits for close to a year.

Can’t wait to look at the itemized breakdown and see how badly they padded the CPI number. Last month it was embarrassing how inaccurate the official number was.
Compare the actual price of gas to the price of crude. Makes no sense.
post 1664320323 07-13-2022, 06:50 AM
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Nakedgunnothingtoseehere.jpeg
post 1664320373 07-13-2022, 06:52 AM
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My rents the same and I don’t pay for gas. Feels good man
post 1664320553 07-13-2022, 06:57 AM
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Originally Posted By LethalGunz34⏩
Compare the actual price of gas to the price of crude. Makes no sense.
Yup, crude has been going down this month but the explanation for higher prices at the pump is because of less investments in refineries and other infrastructure it seems, thanks to the green hysteria.
post 1664320753 07-13-2022, 07:00 AM
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This is getting very bad. My wife and I are pretty well off, but we feel these increases across our budget. I don't know how people living paycheck to paycheck are surviving right now. If the price of oil doesn't go down people in the north who use oil heat are going to be struggling horribly just to keep their homes warm in the winter.
6'1 - 240lbs

<HTC>
post 1664321013 07-13-2022, 07:07 AM
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Let's see how high it goes! WEEEEEEEEEEEEEEEEEEE
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post 1664321063 07-13-2022, 07:07 AM
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Howa Ukraine doing though? Do they need another billion dollars?
post 1664321683 07-13-2022, 07:18 AM
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Misc Entrepreneur Crew
post 1664321823 07-13-2022, 07:21 AM
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I saw boxes of cereal being sold for $8.99


Biden's America
post 1664321943 07-13-2022, 07:22 AM
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My I bonds are gonna save me Jfl




Just
Fuking
Lol
post 1664321963 07-13-2022, 07:22 AM
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Originally Posted By leafs43⏩
I saw boxes of cereal being sold for $8.99


Biden's America
A regular bag of Cheetos is almost $6.
post 1664322113 07-13-2022, 07:24 AM
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Just work harder. Ask for a raise or get a new job. It's that simple really.
post 1664322123 07-13-2022, 07:24 AM
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Originally Posted By BigBallsMcgee⏩
Howa Ukraine doing though? Do they need another billion dollars?
Doesn't matter, it'll never be enough for Zelensky.
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post 1664322233 07-13-2022, 07:26 AM
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Originally Posted By leafs43⏩
I saw boxes of cereal being sold for $8.99


Biden's America
surprised you even saw boxes of cereal tbh
post 1664322303 07-13-2022, 07:27 AM
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Funny that costs of everything people need to live have gone up over 20% yet "inflation" is only 9.
post 1664322363 07-13-2022, 07:28 AM
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Biden pulling this off right after a period of time people were encouraged to rot at home and paid to do it = disaster.

Only a matter of time before the plebians start rioting.
#FreeCryptoBandit
post 1664322383 07-13-2022, 07:28 AM
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May I offer you some "no more mean tweets" in these trying times?
post 1664322443 07-13-2022, 07:30 AM
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Originally Posted By proudmanlet⏩
surprised you even saw boxes of cereal tbh
Lmao, always on spread.

Inb4 the typical lib response "just make more money/just means you're broke"!
post 1664322503 07-13-2022, 07:31 AM
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Originally Posted By headturner1⏩
My I bonds are gonna save me Jfl




Just
Fuking
Lol
Imagine if you could buy more than $10k...
"The dildo of consequences rarely arrives lubed."

See OptimusTrajan' sig
post 1664322523 07-13-2022, 07:31 AM
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Originally Posted By LtGoose⏩
May I offer you some "no more mean tweets" in these trying times?
I’ll take a few unique breakfast tacos.
post 1664322543 07-13-2022, 07:31 AM
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Originally Posted By GuineaDago585⏩
JFL @ 9.1%

It’s been double digits for close to a year.

Can’t wait to look at the itemized breakdown and see how badly they padded the CPI number. Last month it was embarrassing how inaccurate the official number was.
gachase21 posted it in R&P:

https://forum.obnoxiousbrutes.com/showt...hp?t=181528873
Originally Posted By gachase21⏩




Nobody out there forecasted an expectation this high


https://www.bls.gov/news.release/cpi.nr0.htm

-9.1% y/y vs. +8.8% est.+8.6% in prior month
-Core +5.9% vs. +5.7% est. & +6% in prior month … -Headline +1.3% m/m vs. +1.1% est. & +1% in prior month
-Core +0.7% vs. +0.5% est. & +0.6% in prior month

Fuel Oil: +98.5%
Gasoline: +59.9%
Gas Utilities: +38.4%
Electricity: +13.7%
Food at home: +12.2%
New Cars: +11.4%
Overall CPI: +9.1%
Transportation: +8.8%
Food away from home: 7.7%
Used Cars: +7.1%
Shelter: +5.6%
Apparel: +5.2%



Real wages down 4.4%

INTP Crew
Inattentive ADD Crew
Mom That Miscs Crew
post 1664322603 07-13-2022, 07:33 AM
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Originally Posted By OffwhiteBrah⏩
this is not good for crypto and the s&p, fuuuuuuuuuuuu
No, but it's a great time to buy. Already a 20% discount, and equities are probably going to be on the decline for a while.
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Poverty Lifts:
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OHP - 125 (5X5)
post 1664322673 07-13-2022, 07:34 AM
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Originally Posted By xxAchillesxx⏩
Imagine if you could buy more than $10k...
In the op/Ed of the wsj some economists were saying they should lift the cap this year and next to 100k per..

Doubt most Americans would care, I mean, how many average Americans can even cap those out at 10k?
post 1664323433 07-13-2022, 07:48 AM
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Originally Posted By headturner1⏩
In the op/Ed of the wsj some economists were saying they should lift the cap this year and next to 100k per..

Doubt most Americans would care, I mean, how many average Americans can even cap those out at 10k?
Right, it's not like 100 million people have $100k cash to dump in.
"The dildo of consequences rarely arrives lubed."

See OptimusTrajan' sig
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