The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
No, inflation isn’t going away. No, inflation isn’t transitory. And, sorry, no, CNN, and some blog readers inflation isn’t good for you
the staff of the Ridgewood blog
Ridgewood NJ, the chart shows the Biden inflation effect. Since this time last year inflation is up roughly 7%. The November pace on an annualized basis is close to 10. Half of Americans were born after 1980, so never in their lifetimes have they experienced this kind of sticker shock.
“Obamacare plan customers should brace for sticker shock when the administration posts insurers’ preliminary rate requests for 2017 this week.
Health plans are asking for sharp price increases, after suffering big losses on exchanges in the last two years. Regulators caution that these are preliminary requests and final rates could a lot different.
Insurers cite rising drug costs and patients who utilize a lot of medical services for the price-hike requests, which range from 17 percent in New York, and more than 20 percent in Virginia, to 30 percent rate increase requests from Oregon’s largest insurers ” Joe Killian
Bertha Coombs | @BerthaCoombs
Obamacare plan customers should brace for sticker shock when the administration posts insurers’ preliminary rate requests for 2017 this week.
Health plans are asking for sharp price increases, after suffering big losses on exchanges in the last two years. Regulators caution that these are preliminary requests and final rates could a lot different.
Insurers cite rising drug costs and patients who utilize a lot of medical services for the price-hike requests, which range from 17 percent in New York, and more than 20 percent in Virginia, to 30 percent rate increase requests from Oregon’s largest insurers.
USDA warns of sticker shock on U.S. beef as grilling season starts
By Ros Krasny
Nigeria inflation rises to 7.9 pct in April: statistics bureau Reuters
Moroccan inflation steady at annual 0.4 percent in April Reuters
Consumer prices post biggest gain in 10 monthsReuters
UK inflation rises for first time in 10 months in AprilReuters
Producer price gain offers cautionary note on inflation Reuters
WASHINGTON (Reuters) – The Department of Agriculture has warned of sticker shock facing home chefs on the eve of the Memorial Day holiday weekend, the unofficial start of the U.S. summer grilling season
The agency said conditions in California could have “large and lasting effects on U.S. fruit, vegetable, dairy and egg prices,” as the most populous U.S. state struggles through what officials are calling a catastrophic drought.
The consumer price index (CPI) for U.S. beef and veal is up almost 10 percent so far in 2014, reflecting the fastest increase in retail beef prices since the end of 2003. Prices, even after adjusting for inflation, are at record highs.
https://news.yahoo.com/u-faces-higher-food-price-inflation-2014-led-141513395–business.html;_ylt=AwrBJR.oaX9TjhMAxynQtDMD