Biggest cause of inflation = astounding democrat stupidity

ok doser

ok doser

lifeguard at the cement pond
A new all-time record for Joe the Rapist!

NEWS & POLITICS

Joe-mentum: Inflation Reaches Double-Digits for the First Time​


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AP Photo/Charlie Riedel
Producer prices increased a colossal 10% over a year prior in February, according to the latest Producer Price Index report from the Bureau of Labor Statistics. This is the first time the index hit double digits since the inception of the Producer Price Index in 2010.

“That was a slightly faster pace of price increases than economists had predicted,” reports CNN Business.

Last month Matt Egan of CNN Business predicted that the Russia-Ukraine conflict could cause inflation to hit 10% … But it turns out we didn’t need the Russia-Ukraine conflict to achieve that grim milestone. As part of this new report, the January Consumer Price Index was revised upward from 9.7% to 10%.

Though no statement has been released yet at the time of this writing, Joe Biden is widely expected to blame Vladimir Putin.


pjmedia.com

Joe-mentum: Inflation Reaches Double-Digits for the First Time

pjmedia.com pjmedia.com


Thanks Joe, you filthy rapist!
 
annabenedetti

annabenedetti

like marbles on glass

Three key indicators showing inflation is poised to ease​


After months of rising prices and tightening purse strings, the price of semiconductor chips, shipping, and fertilizer is receding down to normal levels—indicating that global inflation might be past its peak.

These three supply-side metrics, which have soared over the last year, pushing inflation levels globally to the highest point in 40 years, are now turning around and falling from their pandemic highs.

The price of semiconductors, which has weighed down industries producing anything from PCs to cars to light bulbs, is finally showing signs of easing. The inSpectrum Tech PC DRAM contract price is at half of its July 2018 peak and down 14% from the same time last year, according to Bloomberg data.

Meanwhile, the spot rate for shipping containers, which is used as an indicator for future prices, has declined 26% since its September 2021 all-time high.

And finally, the price of fertilizer, which has soared since Russia invaded Ukraine on Feb. 24, is 24% below its record high in March.

Beyond these metrics, analysts are also expecting the consumer price index (CPI) inflation data for May coming in on Friday to moderate.

Easing shortages and moderating consumer prices offer “hope that we have indeed passed the peak in inflation,” James Knightley, chief international economist at ING, told the Financial Times.
 
ok doser

ok doser

lifeguard at the cement pond
annabenedetti said:

Three key indicators showing inflation is poised to ease​


After months of rising prices and tightening purse strings, the price of semiconductor chips, shipping, and fertilizer is receding down to normal levels—indicating that global inflation might be past its peak.

These three supply-side metrics, which have soared over the last year, pushing inflation levels globally to the highest point in 40 years, are now turning around and falling from their pandemic highs.

The price of semiconductors, which has weighed down industries producing anything from PCs to cars to light bulbs, is finally showing signs of easing. The inSpectrum Tech PC DRAM contract price is at half of its July 2018 peak and down 14% from the same time last year, according to Bloomberg data.

Meanwhile, the spot rate for shipping containers, which is used as an indicator for future prices, has declined 26% since its September 2021 all-time high.

And finally, the price of fertilizer, which has soared since Russia invaded Ukraine on Feb. 24, is 24% below its record high in March.

Beyond these metrics, analysts are also expecting the consumer price index (CPI) inflation data for May coming in on Friday to moderate.

Easing shortages and moderating consumer prices offer “hope that we have indeed passed the peak in inflation,” James Knightley, chief international economist at ING, told the Financial Times.
Click to expand...
Sorry the American people aren't buying your gaslighting.





A majority of Americans said they believe the U.S. is headed for another Great Depression, according to the latest Rasmussen survey.

A total of 55% of respondents said another 1930s-like depression was likely over the next few years — the highest finding since 2009, Rasmussen Reports said.

 
M

marke

Well-known member
annabenedetti said:

Three key indicators showing inflation is poised to ease​


After months of rising prices and tightening purse strings, the price of semiconductor chips, shipping, and fertilizer is receding down to normal levels—indicating that global inflation might be past its peak.

These three supply-side metrics, which have soared over the last year, pushing inflation levels globally to the highest point in 40 years, are now turning around and falling from their pandemic highs.

The price of semiconductors, which has weighed down industries producing anything from PCs to cars to light bulbs, is finally showing signs of easing. The inSpectrum Tech PC DRAM contract price is at half of its July 2018 peak and down 14% from the same time last year, according to Bloomberg data.

Meanwhile, the spot rate for shipping containers, which is used as an indicator for future prices, has declined 26% since its September 2021 all-time high.

And finally, the price of fertilizer, which has soared since Russia invaded Ukraine on Feb. 24, is 24% below its record high in March.

Beyond these metrics, analysts are also expecting the consumer price index (CPI) inflation data for May coming in on Friday to moderate.

Easing shortages and moderating consumer prices offer “hope that we have indeed passed the peak in inflation,” James Knightley, chief international economist at ING, told the Financial Times.
Click to expand...
I once paid less than $2/gal for gas under Trump. What I pay under the globalist oil reductionists continues to be more than double that. We need to get the global warming cultists out of government or everyone will become dirt poor in the end with some sort of alien replacement government coming in and picking up the pieces of what is left of our economy.


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G

Gary K

New member
Banned
The Fed has been aiming at inflation rates of 2-3% ever since it has existed. You don't believe me? Look at the sites showing dollar values for the last 100+ years. And we have been in double digit inflation for almost two decades. Look at John William's site shadowstats.com. There is a tab at the top of the page titled Alternate Data. Open it and you will find links to multiple charts showing the numbers the way the government has historically done these calculations.

Right now consumer inflation is around 17%. Do not believe what the government is telling us. They manipulate the numbers constantly by changing the products being tracked.
 
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