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Inflation rose 8.6% in May, highest since 1981

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Posted By: Imright, 6/10/2022 9:22:40 AM

Inflation accelerated further in May, with prices rising 8.6% from a year ago for the fastest increase since December 1981, the Bureau of Labor Statistics reported Friday. The consumer price index, a wide-ranging measure of goods and services prices, increased even more than the 8.3% Dow Jones estimate. Excluding volatile food and energy prices, so-called core CPI was up 6%, slightly higher than the 5.9% estimate. On a monthly basis, headline CPI was up 1% while core rose 0.6%, compared to respective estimates of 0.7% and 0.5%.

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Reply 1 - Posted by: reefdiver 6/10/2022 9:30:01 AM (No. 1181630)
This seems to be part of the planned destruction of this country as founded.
7 people like this.

Reply 2 - Posted by: MDConservative 6/10/2022 9:37:59 AM (No. 1181642)
Ask your favorite candidate this question: Which does (s)he support...8.6 percent inflation...or 8.6 percent interest rates? Then wait for the non-answer. The pols don't have an answer because this is painful and will continue to be painful until the next Ronald Reagan teams with the next Paul Volcker and forces the pain to wring inflation out of our fiat-dollar economy. That means a recession.
5 people like this.

Reply 3 - Posted by: LC Chihuahua 6/10/2022 9:48:56 AM (No. 1181652)
Biden did this! Just remember, destruction is a form of transformation too.
5 people like this.

Reply 4 - Posted by: bad-hair 6/10/2022 9:52:00 AM (No. 1181659)
Did you like Carter ? If you were born after Carter look up 18% mortgages. If you liked Carter you are MARRIED to Biden. No divorce for 2 and a half YEARS
1 person likes this.

Reply 5 - Posted by: RussZilla 6/10/2022 10:31:34 AM (No. 1181720)
Nonsense! Consumer prices for gasoline and basic food are astronomical. More like double since FJB stole the election.
3 people like this.

Reply 6 - Posted by: Rather Read 6/10/2022 10:55:35 AM (No. 1181751)
Don't I know it. Gas up. Groceries up. Utility bills up. I have a vacation right now and can't go anywhere. Thanks so much Brandon.
3 people like this.

Reply 7 - Posted by: Bur Oak 6/10/2022 11:20:16 AM (No. 1181787)
You can count on the CPI under estimating inflation by a large factor. Real inflation faced by the poor and middle class is on the northside of 10%, maybe even 15%.
2 people like this.

Reply 8 - Posted by: DVC 6/10/2022 11:34:03 AM (No. 1181810)
And 1981 was a very bad year, I remember it well.
3 people like this.

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