Consumer prices rise 0.5% in January (0.5% x 12 means on track for >6% per year)

Economy
1

CNBC

Consumer prices rise 0.5% in January, higher than expected as annual rate rises to 3%

Inflation perked up more than anticipated in January, providing further incentive for the Federal Reserve to hold the line on interest rates.

The consumer price index, a broad measure of costs in goods and services across the U.S. economy, accelerated a seasonally adjusted 0.5% for the month, putting the annual inflation rate at 3%, the Bureau of Labor Statistics reported Wednesday. They were higher than the respective Dow Jones estimates for 0.3% and 2.9%. The annual rate was 0.1 percentage point higher than December.

Excluding volatile food and energy prices, CPI rose 0.4% on the month, putting the 12-month inflation rate at 3.3%. . . .

2

Funny things happen when the Fed prints up more money
or when it reduces interest rates so banks lend more

That money gets used to buy stuff. The increased demand for stuff means the price of that stuff goes up.

3

6% of 250 working days per year means:
You can have an additional 3-week vacation
Or you cnango to work, and get nothing except the money to pay for inflation.

6% of ~42 working years means:
You can retire at 65,
Or work for nothing except to pay inflation and retire at 67 and a half.

4

so NOW we’re great again?

I was told that people were very upset about the price of eggs and that’s why they voted for trump.

1 Like
5

Shelter inflation _____ 4.4%
Transportation Services _____8.8%

6

Yabbut … some things were down.

7

Anyone who paid more than $1.75 to watch that game got ripped off.