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Inflation costing Americans an extra $460
per month, analysis says

Original Article

Posted By: Ribicon, 6/10/2022 9:52:15 PM

White-hot inflation has forced the average American household to cough up an extra $460 per month, as surging prices for food and fuel put family budgets across the nation under strain. Moody’s Analytics senior economist Ryan Sweet calculated the figure based on data released Friday by the Bureau of Labor Statistics that showed the Consumer Price Index had jumped 8.6% in the 12-month period ending May 31–the largest increase since December 1981.(Snip)Americans in the market for a car or truck were out of luck in May, as the BLS found that the price of a new car had increased by 12.6% over 12 months ago.

Comments:

It's all worth it just knowing that the United States of America can once again hold its head high on the world stage.

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Reply 1 - Posted by: formerNYer 6/10/2022 9:59:16 PM (No. 1182389)
Thanks, President Kumquat.
6 people like this.

Reply 2 - Posted by: Sgt. Stubby 6/10/2022 10:34:30 PM (No. 1182411)
Let's Go Brandon.
5 people like this.

Reply 3 - Posted by: wilarrbie 6/10/2022 10:46:32 PM (No. 1182413)
We're just going to have to Trump them harder.
6 people like this.

Reply 4 - Posted by: Scout Finch 6/10/2022 10:50:43 PM (No. 1182416)
So, just like the low median gas prices in the media and the fake polls for Joe’s favorability, I’d put the total monthly cost of inflation at more than $700 or $800 a month. At least.
10 people like this.

Reply 5 - Posted by: downnout 6/10/2022 11:03:08 PM (No. 1182423)
And we have this because of “mean tweets”. A pox on anyone who voted for that corrupt, senile husk occupying the White House.
10 people like this.

Reply 6 - Posted by: proactus 6/10/2022 11:46:29 PM (No. 1182445)
The giant Joe and Jill pictures with Jimmy and Roselyn Carter were a harbinger!
7 people like this.

Reply 7 - Posted by: DVC 6/11/2022 1:25:35 AM (No. 1182483)
Probably more than that, actually. They want to grind the middle class under their heels. Remember, they so loved Hunger Games that they took it as a blueprint for their Great Reset New World Order. First, you destroy the middle class....
5 people like this.

Reply 8 - Posted by: JackBurton 6/11/2022 2:20:31 AM (No. 1182497)
There goes that extra $5000 in average household income we got under Trump.
5 people like this.

Reply 9 - Posted by: varkdriver 6/11/2022 3:56:47 AM (No. 1182508)
Supply and demand. Once sanity returns to the economy, there will an good inventory of new, unsold vehicles. Prices will come down. I am banking on it!
1 person likes this.

Reply 10 - Posted by: WhamDBambam 6/11/2022 6:34:01 AM (No. 1182543)
Let's go Brandon!
1 person likes this.

Reply 11 - Posted by: F15 Gork 6/11/2022 6:58:14 AM (No. 1182563)
We are not coming out the other side of this mess in one piece.....things have passed the tipping point.
7 people like this.

Reply 12 - Posted by: planetgeo 6/11/2022 7:44:52 AM (No. 1182601)
The Democrats always promise to "tax the rich" but always end up making the middle class pay the bill for their goofy programs. Inflation IS their tax plan every time.
5 people like this.

Reply 13 - Posted by: Hugh Akston 6/11/2022 8:23:18 AM (No. 1182644)
i don't 'like' #11's comment, but I certainly agree with it.
2 people like this.

Reply 14 - Posted by: JHHolliday 6/11/2022 9:15:01 AM (No. 1182717)
We are facing a steep recession at the very least. I am reasonably comfortable in my retirement but we are cutting back everywhere we can. We haven’t bought a nice steak in months and cancelled our vacation. I suspect a lot of people in our situation are doing the same. This doesn’t bode well for the economy.
1 person likes this.

Reply 15 - Posted by: nwcudagal 6/11/2022 9:49:53 AM (No. 1182770)
The tax value of.my home just increased by 49.9%. I don't have a mortgage, but I'll be making monthly tax payments to my county.
1 person likes this.

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