Inflation climbs higher than expected
in June as price index rises 5.4%
CNBC,
by
Jeff Cox
Original Article
Posted By: Garnet,
7/13/2021 2:02:47 PM
Inflation surged in June at its fastest pace in nearly 13 years amid a burst in used vehicle costs and price increases in food and energy, the Labor Department reported Tuesday.
The consumer price index increased 5.4% from a year earlier, the largest jump since August 2008, just before the worst of the financial crisis. Economists surveyed by Dow Jones had been expecting a 5% gain.
Stripping out volatile food and energy prices, the core CPI rose 4.5%, the sharpest move for that measure since September 1991 and well above the estimate of 3.8%.
On a monthly basis, headline and core prices rose 0.9% against 0.5% estimates.
Higher than expected by no one in flyover country that has to feed and clothe their families. The destruction of the peasants has been accelerated under Comrade Xiden.
8 people like this.
Reply 2 - Posted by:
cor-vet 7/13/2021 2:13:08 PM (No. 844471)
I think this is just the beginning. It’s hard to believe we have 'educators' (?) that hate America so badly, that they're teaching people to hate this country and to continue to vote in socialists!
9 people like this.
Reply 3 - Posted by:
Doconc 7/13/2021 2:15:49 PM (No. 844472)
Unexpected only by libs and doofuses
This is the Xiden legacy
Dumbass
13 people like this.
It's lower than expected as far as I'm concerned.
5 people like this.
Reply 5 - Posted by:
Blue-Z-Anna 7/13/2021 2:28:28 PM (No. 844483)
Pay no attention to the prices at the grocery store. Experts have determined that everything is better and cheaper now that you have a government that cares about your health and well-being. Only your Minder knows what you really need and want. Friendly home visits will help assure your quality of life.
Relax.
Enjoy.
Submit.
6 people like this.
Reply 6 - Posted by:
Jerseyden 7/13/2021 2:32:33 PM (No. 844487)
This is the dems and the msm reporting this. I happen to think it’s much worse than this. Remember back to Obama’s time when the GDP was always corrected downward the next month.
6 people like this.
Reply 7 - Posted by:
MickTurn 7/13/2021 2:38:45 PM (No. 844495)
That’s about $2500 per year tax on an average income thanks Joe you jack ass
5 people like this.
Reply 8 - Posted by:
SALady 7/13/2021 2:47:19 PM (No. 844503)
That was lower than I actually expected.
Don't you know that biden's handlers are meeting frantically to find out why it's taking longer than expected to totally destroy our economy!!!
1 person likes this.
Reply 9 - Posted by:
edgar 7/13/2021 2:53:40 PM (No. 844511)
Another "worse than expected" headline. It truly is Obama's third term.
3 people like this.
Reply 10 - Posted by:
joseph1 7/13/2021 3:23:32 PM (No. 844535)
Hurrah for the community organizer, with his henchman at full force operation in creating an influenza of increase without cause the word better known as inflation.(El Stupido.s in action)
1 person likes this.
Reply 11 - Posted by:
formerNYer 7/13/2021 3:27:09 PM (No. 844538)
unexpectedly - Xiden horrible economic decisions has cause prices to raise on EVERYTHING, which caused unexpected inflation, it also cause and unexpected horrible job market.
I sure all of his poor decisions will cause an unexpected recession.
2 people like this.
Reply 12 - Posted by:
kono 7/13/2021 3:32:50 PM (No. 844548)
"fastest pace in nearly 13 years" would be when Obiden got elected and the multiple porkulus bills lined congresscritters' pockets without any meaningful help to the economy.
I want to jump straight to pointing fingers at the Left, except there is another creepy parallel with that TARP / Porkulus con job -- the outgoing Republican signed a hasty Trillion-dollar spending bill, which was too rushed to have been well-accounted-for, before the incoming Democrat injected another, even larger and more wasteful, "stimulus" / "relief" into the economy (with even less honesty and accountability). Those got progressively bigger and more outrageous until the collective outcry across the country finally halted the march over the cliff.
This time we were already over the cliff before trying to stop. But did PDJT really just pull a Dubya-esque move by priming the pump as he left office?
2 people like this.
Reply 13 - Posted by:
DVC 7/13/2021 3:33:21 PM (No. 844549)
Dems could wreck an anvil sitting an a sandbox, bare handed.
2 people like this.
Reply 14 - Posted by:
mobyclik 7/13/2021 3:35:52 PM (No. 844554)
I don't know about this, didn't Premier Xiden brag to we peasants that our July 4th cookouts would be 17 CENTS cheaper than last year? Damn, what do you rich Republicans want? s/
2 people like this.
Reply 15 - Posted by:
skacmar 7/13/2021 3:53:43 PM (No. 844567)
There is no inflation. The numbers are being reported are being taken out of context. It is all Trumps fault, he made prices rise, not Joe Biden. It must be true because the liberal media and social media says so.
0 people like this.
Reply 16 - Posted by:
WhamDBambam 7/13/2021 4:22:15 PM (No. 844607)
“Unexpectedly” higher for ‘Rats and “unexpectedly” lower for Republicans, when they’re in power. Funny how that works.
1 person likes this.
Reply 17 - Posted by:
john56 7/13/2021 4:39:34 PM (No. 844633)
Gee, I'm sure glad that Sleepy, Creep, Crooked President Uncle Joe was able to save us 16 cents on our July 4th hotdogs. Otherwise, it would be really bad. BTW, the inflation rate next month is unexpectedly spiking duets significant increases in the price of art collectables. You know, the Hunter Biden collection goes up for sale.
0 people like this.
Reply 18 - Posted by:
Rather Read 7/13/2021 4:41:58 PM (No. 844638)
For quite some time the local WalMart had milk as a loss leader at .99 a gallon. Now, it's 2.19 a gallon.
2 people like this.
Reply 19 - Posted by:
Dodge Boy 7/13/2021 4:58:15 PM (No. 844657)
A 5% increase in just one month would wake up a retarded sloth. Even cnn's Wolf Blitzcrieg has taken notice.
3 people like this.
Reply 20 - Posted by:
bobmadison 7/13/2021 6:32:25 PM (No. 844750)
BIDENOMICS...on a roll.
2 people like this.
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