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Fed’s Favorite Gauge of Inflation Surges
to New 40 Year High

Original Article

Posted By: Black Conservative Voice, 7/30/2022 7:18:08 AM

A key measure of inflation showed prices soaring by more than expected in June. The personal consumption expenditure price index rose by 6.8 percent compared with 12 months earlier, an acceleration of inflation from the 6.3 percent annual gain in May, according to data released Friday by the Bureau of Economic Analysis. Economists had expected a slightly lower reading of 6.6 percent. This is the biggest year-0ver-year gain since January of 1982.

Comments:

When are they going to IMPEACH this guy? Hasn't he done enough damage to this country, what are they waiting for. ??? He and his sidekick need to go or we won't have a country left at all! I was alive and working in 1982, I can honestly say that the situation is worse now than then. These reports aren't as accurate as you would think. The numbers are being manipulated, just like the man in the photo keeps lying to us as he stands up there and tells us the economy is fine.

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Reply 1 - Posted by: Krause 7/30/2022 7:20:59 AM (No. 1232584)
So that means they have to spend more money, you know, to get it back down.
3 people like this.

Reply 2 - Posted by: Strike3 7/30/2022 7:47:25 AM (No. 1232607)
I hope Americans have followed the Venezuela story because this country is beginning to sound much the same, including the insane dictator who is ruining everything through evil, deliberate destruction. The only difference is we will probably find a better grade of good in the dumpsters.
2 people like this.

Reply 3 - Posted by: Strike3 7/30/2022 7:49:07 AM (No. 1232609)
"food"
0 people like this.

Reply 4 - Posted by: franq 7/30/2022 8:17:31 AM (No. 1232652)
We are spending more to get less in every area of life. The percentage will be carefully hidden and manipulated by "the most transparent administration ever™".
3 people like this.

Reply 5 - Posted by: nwcudagal 7/30/2022 9:03:36 AM (No. 1232702)
Definition of recession has become a shell game. Every day there seems to be a new term for our dwindling prosperity.
2 people like this.

Reply 6 - Posted by: bpl40 7/30/2022 9:14:09 AM (No. 1232712)
We all know how much. If we have more than two neurons firing simultaneously, we know why. The question is what are we going to do about it. Trump knew the key to growth with low inflation is energy self sufficiency. So he took the series of decisions and actions to achieve that and the result was the strongest economy in memory with 1.9% inflation. The America hating Marxists behind the demented puppet they foisted on us knew that. So they made a beeline towards energy and by proxy gasoline and natural gas. The result is this 9.1% horror we are experiencing. The solution is in plain sight. Only if we have the wisdom and the courage.
2 people like this.

Reply 7 - Posted by: Luandir 7/30/2022 2:17:29 PM (No. 1232969)
Joe was right about one thing: the numbers reported for June have changed!
0 people like this.

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