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Tag Archives: consumer price inflation
Fed’s Lowest Lowball Inflation Measure Spikes to Worst-Hottest 31-Year High. Powell Groans and Mutters
Fed’s Lowest Lowball Inflation Measure Spikes to Worst-Hottest 31-Year High. Powell Groans and Mutters But the Fed has now backed off its ridiculous claims and is taking inflation more seriously. The lowest lowball inflation measure that the US government produces, “core PCE,” which excludes the now soaring food and energy prices and understates inflation by […]
Shipping Container Price Surge Will Result in Increased Prices on Consumer Goods
Shipping Container Price Surge Will Result in Increased Prices on Consumer Goods The United Nations Conference on Trade and Development (UNCTAD) announced that we should expect consumer prices to rise 1.5% on average over the next year due to the global shipping crisis. Inflation, fuel increases, and labor shortages are among the many factors that […]
Wheat soars to 9-year peak on supply concerns, strong demand
Wheat soars to 9-year peak on supply concerns, strong demand CHICAGO, Nov 22 (Reuters) – U.S. wheat futures rallied to their highest in nearly nine years on Monday as ill-timed rains in Australia and rising Russian wheat prices stoked concerns about tightening supplies among the world’s top exporters. Corn and soybeans followed wheat higher, with […]
The Futility of Central Bank Policy
THE FUTILITY OF CENTRAL BANK POLICY It is only now becoming clear to the investing public that the purchasing power of their currencies is declining at an accelerating rate. There is no doubt that yesterday’s announcement that the US CPI rose by 6.2%, compared with the longstanding 2% target, came as a wake-up call to […]
Dollar Purchasing Power Plunges. Inflation +6.2%. For Urban Wage Earners +6.9%, Highest in 40 years, Most Monstrously Overstimulated Economy Ever.
Dollar Purchasing Power Plunges. Inflation +6.2%. For Urban Wage Earners +6.9%, Highest in 40 years, Most Monstrously Overstimulated Economy Ever. Fed still printing money and repressing “real” interest rates to negative 6%, new vehicle prices spike by most since 1975, housing CPI jumps, food & energy soar. The broadest Consumer Price Index (CPI-U) spiked 0.9% in October […]
Two Big Myths About Why Energy Prices Are Rising
Two Big Myths About Why Energy Prices Are Rising Photo: Bridget Bennett/Bloomberg via Getty Images The global economic recovery is running low on fuel. Chinese factories have been flickering on and off as Beijing rations electricity. Britons have been parking in petrol lines as their nation’s pumps run dry. Americans have turned on their president as spiking gas prices eat their […]
Inflationary Storm Forces Unilever To Raise Prices Fastest In Seven Years
Inflationary Storm Forces Unilever To Raise Prices Fastest In Seven Years Rising consumer prices are not going away. The latest example of this is from British multinational consumer goods company Unilever PLC who announced Thursday soaring commodity prices had forced it to raise prices the most in years. The multinational consumer goods company that produces […]
Core Consumer Prices Surge At Fastest Rate Since 1992
Core Consumer Prices Surge At Fastest Rate Since 1992 With the world’s eyes having moved on from China’s rip-roaring PPI (and post-data decision to unleash price controls), this morning’s CPI print has been heralded as the arbiter of “is it transitory or not” with some (BofA) even suggesting we are nearing a period of “transitory hyperinflation.” […]
Wrong… Again
Wrong… Again The Federal Reserve met last week and voted to keep interest rates unchanged. What a shock! The Fed also gave an upbeat forecast of economic growth, predicting that the U.S. economy will grow 6.5% this year, its highest rate in nearly 40 years. Its December 2020 forecast projected 4.2% growth. The Fed also […]
House Price Inflation in CPI is of Course Complete Baloney, but it Accounts for 1/4 of Total CPI
House Price Inflation in CPI is of Course Complete Baloney, but it Accounts for 1/4 of Total CPI With actual house price inflation based on market data, overall CPI would have jumped by 3.7%. Lifting the cover on the deception to keep CPI low. For most Americans, housing costs are the largest item in their […]
The Dollar’s Purchasing Power Drops 2.9% in May from Year Ago, Fastest Drop since Nov 2011
The Dollar’s Purchasing Power Drops 2.9% in May from Year Ago, Fastest Drop since Nov 2011 Even as “hedonic quality adjustments” perform miracles to repress surging new and used vehicle inflation. Consumer price inflation, as measured by the Consumer Price Index, released this morning by the Bureau of Labor Statistics, jumped by 2.8% in May […]
Food: What’s In Your Basket? How Fast Are Prices Rising?
Food: What’s In Your Basket? How Fast Are Prices Rising? The BLS says the CPI rose 2.1% in December from a year ago. Food rose 1.6%. I called the BLS and filled in some numbers. In CPI Up 0.1 Percent: How Much is the CPI Understated? I disputed the BLS’s year-over-year overall inflation figure of […]
Weekly Commentary: End of an Era
Weekly Commentary: End of an Era Of the diverse strains of inflation, asset inflation is by far the most dangerous. A bout of consumer price inflation would be generally recognized as problematic and rectified through a tightening of monetary conditions. On the other hand, asset price inflation is both celebrated and venerated. There is simply […]
The Path to Inflation: “Helicopter Money”
The Path to Inflation: “Helicopter Money” The general view in inflation is dead, essentially forever. Maybe. Maybe not. We all know real-world inflation for big-ticket expenses is far above the official rate of around 2% annually. Yet conventional economists are virtually unanimous that deflation is the danger and inflation is a “good thing” we need […]
