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11-10-2021, 02:57 PM
(11-10-2021, 11:36 AM)Hoot Gibson Wrote: How long are Democrats going to stand by and watch Joe Biden and his administration destroy their party? How much are those of you who voted for this idiot willing to pay for your mistake - because you are paying dearly, whether you realize it or acknowledge your lapse in judgment or not. Don't worry, you have VP Kamala Harris and her 28 percent job approval rate ready to set things right. (I should have used the plural form of mistake - one for Joe and one for Kamala.)
At the rate that the rate of inflation is increasing, it will be in Jimmy Carter territory before the 2022 elections.
Quote:U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years
Inflation across a broad swath of products that consumers buy every day was even worse than expected in October, hitting its highest point in more than 30 years, the Labor Department reported Wednesday.
The consumer price index, which is a basket of products ranging from gasoline and health care to groceries and rents, rose 6.2% from a year ago. That compared to the 5.9% Dow Jones estimate.
On a monthly basis, the CPI increased 0.9% against the 0.6% estimate.
Stripping out volatile food and energy prices, so-called core CPI was up 0.6% against the estimate of 0.4%. Annual core inflation ran at a 6.2% pace, compared to the 4% expectation and the highest since November 1990.
Fuel oil prices soared 12.3% for the month, part of a 59.1% increase over the past year. Energy prices overall rose 4.8% in October and are up 30% for the 12-month period.
Used vehicle prices again were a big contributor, rising 2.5% on the month and 26.4% for the year. New vehicle prices were up 1.4% and 9.8% respectively.
Food prices also showed a sizeable bounce, up 0.9% and 5.4% respectively. Within the food category, meat, poultry, fish and eggs collectively rose 1.7% for the month and 11.9% year over year.
The price increases meant that workers fell further behind.
In a separate report, the Labor Department said real wages after inflation fell 0.5% from September to October, the product of a 0.4% increase in average hourly earnings that was more than offset by the CPI surge.
I would guess around 38 months, maybe more if Trump wins the GOP nomination.
Messages In This Thread
How much time does the Biden presidency have left? - by Hoot Gibson - 11-10-2021, 11:36 AM
RE: How much time does the Biden presidency have left? - by The Outsider - 11-10-2021, 02:57 PM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 11-10-2021, 05:44 PM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 11-11-2021, 11:14 AM
RE: How much time does the Biden presidency have left? - by Old School Hound - 11-11-2021, 11:52 AM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 11-11-2021, 12:13 PM
RE: How much time does the Biden presidency have left? - by TD Hounds - 03-07-2022, 02:49 AM
RE: How much time does the Biden presidency have left? - by Old School Hound - 11-11-2021, 02:44 PM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 11-11-2021, 03:16 PM
RE: How much time does the Biden presidency have left? - by Old School Hound - 11-12-2021, 12:56 AM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 11-12-2021, 01:13 AM
RE: How much time does the Biden presidency have left? - by TheRealThing - 11-22-2021, 05:45 PM
RE: How much time does the Biden presidency have left? - by Winston Wolf - 11-22-2021, 04:28 PM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 01-17-2022, 03:01 PM
RE: How much time does the Biden presidency have left? - by jetpilot - 01-17-2022, 05:17 PM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 01-26-2022, 11:48 AM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 02-13-2022, 01:19 PM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 02-24-2022, 03:23 AM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 02-26-2022, 12:50 PM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 03-07-2022, 08:41 PM
RE: How much time does the Biden presidency have left? - by Hoot Gibson - 06-12-2022, 02:27 PM
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