Worse Than Expected: Consumer Prices Up
8.3% in April
Breitbart Economy,
by
John Carney
Original Article
Posted By: Imright,
5/11/2022 9:41:09 AM
Inflation retreated in April but remained higher than forecast.The Department of Labor said Wednesday that the Consumer Price Index rose 8.3 percent compared with a year ago. Prices were up 0.3 percent compared with the prior month.This is the eleventh straight month of inflation above 5 percent. Prices rose at an annual rate of 8.5 percent in March. This was the month since September 2021 that the year-over-year inflation figure was not higher than the month earlier.Economists had forecast CPI to rise by 0.2 percent for the month and 8.1 percent compared with a year ago.Core CPI, which excludes food and energy, rose 0.6 percent, well above
And don't forget investment accounts are down 10-15% in just the last few weeks, your money is worth about 20% less (even more less at the gas pump and grocery store) since a few months ago. Let's Go Brandon! WOOOOOWOOOOO!!!!
12 people like this.
Reply 2 - Posted by:
FunOne 5/11/2022 9:52:47 AM (No. 1152162)
Certainly not a problem / concern for the "Big Guy".
I doubt that his 10% flow from China and Ukraine has decreased much at all. But we will still send hundreds of billions of dollars to his friends in Ukraine, and the China virus gave the democrats the cover they needed to stuff those ballot drop boxes.
13 people like this.
Reply 3 - Posted by:
jalo1951 5/11/2022 10:07:51 AM (No. 1152170)
You wish. Obviously you haven't been struggling to put food on the table or make any purchase. Unrestrained printing of money and closing down our natural energy production is YOUR fault. And, yes, I am a MAGA supporter. So what are you going to do about this mess you have made? Time to take ownership. FJB.
12 people like this.
Reply 4 - Posted by:
Ribicon 5/11/2022 10:17:28 AM (No. 1152181)
Unexpectedly, sure. Who could have guessed except anyone with an ounce of sense?
13 people like this.
Reply 5 - Posted by:
weirdone 5/11/2022 10:20:06 AM (No. 1152184)
Press Secretary Jen Psaki claimed "nobody" could have predicted current, record inflation. Perhaps I am clairvoyant
.3 28 2021
Editor:
Never thought I would live to see the day that an ignorant apathetic American population would willingly, adopt and elect, a government dedicated to the following proposition.
We the People of the United States, in Order to destroy a perfect Union, forego Justice, accept domestic violence, defund the common defense, promote the general Welfare State and secure perpetual debt to ourselves and our Posterity, do relinquish and destroy the Constitution for the United States of America.
We are now ruled, as opposed to governed, by a senile President and a radical Socialist Congress that has ignored the Constitution and rules by Executive order.
The time has come to defund the government. Those of us paying the bills must stand up and take back our country, if it is not already too late.
“The best way to destroy the capitalist system is to debauch the currency,” Vladimir Lenin, leader of the 1917 Russian Revolution
Today the presses are running 24/7 in order to fund the Government, the money supply has increased by 25% since the first of January, and the dollar, backed by nothing, is falling in value. Can hyperinflation be far behind?
10 people like this.
Reply 6 - Posted by:
swarfer 5/11/2022 10:47:36 AM (No. 1152203)
In the past year food has increased 15% - 20% alone. Virtually all other goods and services are up at least 10% not to mention gas. I suspect a typical couple is spending the equivalent of a extra car payment every month. This wealth is gone, vanished. Gas and home prices may go down, but nothing else will. These are permanent. As the years go by, this will amount to an enormous sum of wealth. The more money the government artificially circulates will continue the cycle. Inflate wages, inflate prices, bailout, handout, investment loses, repeat, forcing ordinary working people into third world status. The current crisis has laid bare how disastrous our government economic policy has been over the last 50 years. The wealthiest Democratic country in the world destroyed its economy faster than the emperors of Ancient Rome.
7 people like this.
Reply 7 - Posted by:
Clinger 5/11/2022 10:54:50 AM (No. 1152213)
Worse than who expected? Those who live paycheck to paycheck spending 100% of their earnings on luxuries like gas to get to work are not the least but surprised.
8 people like this.
Reply 8 - Posted by:
Delilah 5/11/2022 11:15:32 AM (No. 1152227)
It's much higher for this senior. I went to Wendy's for a Four for Four lunch yesterday and found out that it is now Four for FIVE$ instead. That's 25% higher.
5 people like this.
Reply 9 - Posted by:
red1066 5/11/2022 11:15:58 AM (No. 1152228)
Inflation is at records levels, and Congress just decided to borrow 40 billion more they state is for Ukraine, but who knows where it will end up. Probably to pay for more protests during the summer and fall.
5 people like this.
Reply 10 - Posted by:
formerNYer 5/11/2022 11:57:18 AM (No. 1152287)
Worse than expected? By whom? the corporate media? I expect prices to get even worse.
4 people like this.
Reply 11 - Posted by:
DVC 5/11/2022 11:59:53 AM (No. 1152291)
NO ---
Exactly as predicted by many, here and in many other venues.
3 people like this.
Reply 12 - Posted by:
GoodDeal 5/11/2022 12:06:10 PM (No. 1152301)
Ohhh how unexpectedly unexpected. Of course, these numbers are fake and do not include all possible data. Nothing here to worry about. It's all Putin's fault, and Uncle Pedo Joe has this all under control. Rest assured he will make sure that oil companies will be investigated for price gouging as well as all major grocery stores who are engaging in price-fixing and price gouging.
1 person likes this.
Reply 13 - Posted by:
rytwng 5/11/2022 12:09:08 PM (No. 1152305)
Every day Joke Biden is worse than expected. He is ruining peoples lives.
4 people like this.
Reply 14 - Posted by:
Hugh Akston 5/11/2022 1:04:20 PM (No. 1152365)
And the May numbers will be Worse Than Expected by all the 'experts' with the recent spike in gas and diesel, once those costs impact the price of goods at the point of sale.
1 person likes this.
Reply 15 - Posted by:
JimBob 5/11/2022 2:48:08 PM (No. 1152445)
Prices are up waaay more than 8% for what I normally buy.
Try 25% to 200% (yes, Triple what they were not too long ago.)
Time for the Dementia Hand-Puppet and his crooked Handlers to GO..... and I mean GO AWAY!
0 people like this.
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