Inflation the largest 12-month increase since the period ending February 1982
the staff of the Ridgewood blog
Ridgewood NJ, the Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5 percent before seasonal adjustment. Increases in the indexes for food, electricity, and shelter were the largest contributors to the seasonally adjusted all items increase. The food index rose 0.9 percent in January following a 0.5-percent increase in December.
The energy index also increased 0.9 percent over the month, with an increase in the electricity index being partially offset by declines in the gasoline index and the natural gas index. The index for all items less food and energy rose 0.6 percent in January, the same increase as in December. This was the seventh time in the last 10 months it has increased at least 0.5 percent. Along with the index for shelter, the indexes for household furnishings and operations, used cars and trucks, medical care, and apparel were among many indexes that increased over the month.
The all items index rose 7.5 percent for the 12 months ending January, the largest 12-month increase since the period ending February 1982. The all items less food and energy index rose 6.0 percent, the largest 12-month change since the period ending August 1982. The energy index rose 27.0 percent over the last year, and the food index increased 7.0 percent.
During an 1861 speech in Pittsburgh, Abraham Lincoln addressed a supportive and vocal crowd who were more than willing to laugh at his jokes — especially this one, which poked fun at the chattering political class in general.
“I am rather inclined to silence, and whether that be wise or not, it is at least more unusual nowadays to find a man who can hold his tongue than to find one who cannot.”
https://www.redbubble.com/i/t-shirt/Lincoln-Tee-by-foodstampnation/12059369.SWO0S?asc=u
7.5%? Prices on most quality goods at least doubled, with many going as high as 3x.
What else did people expect when the Fed printed trillions of dollars?
Double Line did a great prediction of this : https://www.youtube.com/watch?v=4Jb_ukcutAM
Midterms can’t get here fast enough.
-impeach Biden and the AG
Nice. If you put 100K into an instrument paying 2% annually, you will have 18K after 30 years.
My god – this has gotten out of hand quickly. Gimme my Stimmey!
Who could have imagined putting trillions of printed money in the system would have such an effect. If only someone would have predicted this…….
This guy joe is done. He looks like he’s going too worse then crater.