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Consumer prices surge 5%, fastest pace since 2008

Consumer prices surge 5%, fastest pace since 2008

Headline consumer prices in the US rose 5% year over year in May 2021, the fastest pace since August 2008 and higher than Wall Street expectations. The 3.8% rise in the core inflation rate, which excludes food and energy prices, was the sharpest increase in nearly three decades. Surging used car prices helped drive much of the inflation gains.

Levine
Levine
Beijing Biden
Beijing Biden 1 weeks

Dementia boy in just 6 months has brought us right back to Jimmy Carter days. But muh orange man says mean things.

Jeff Fisher
Jeff Fisher 1 weeks

I saw this coming up a year ago and the stress of figuring it out gave me shingles. Not just the US but the entire world engaged in hyper spending adding 40-50% to the money supply in a matter of months. Usually it takes a few years for hyper spending to translate into hyper inflation. Pucker up to a global economic collapse coming soon

JBurg
JBurg 1 weeks

People will blame the covid checks, without realizing that the VAST majority of stimulus money didn’t go to people like you and me, they went to billion dollar companies and banks. At one point, the Fed was printing a trillion dollars a DAY to give to the banks. Now the banks will throw the rest of us under the bus.

Rocky
Rocky 1 weeks

Thanks a lot Biden and your economy destroying policies and massive spending. I can't say enough bad things about the choices made at the top in this country.🤦🏽‍♂️

Tish Tosh
Tish Tosh 1 weeks

HOWS THAT "STIMULUS CHECK" LOOKING NOW YA BUNCH OF CHUMPS??? 😠😡😠😡😠😡 ITS ALMOST LIKE SMART PEOPLE TRIED TO WARN YOU.

Noah PaulOG
Noah PaulOG 1 weeks

Where are all those commenters praising Biden for the stock market gains that denied it being due to inflation?

Dewey
Dewey 1 weeks

The economic carnage being inflicted upon the American people by this abject failure a Scumbag Joe and his neo-Nazi Democrats will have a devastating effect next year in the midterms… No administration has done this much damage this fast to Main St., America

Yankee
Yankee 1 weeks

That's quite a price to pay for not liking someone's tweets . Anyone but Trump they say . The good news is these leftist douchbags have to pay just like the rest of us .

J
J 1 weeks

The commentary has no remote idea about economic and what has happened to the world supply chains. But go ahead blame one man for the entire world economy. Americans lol

david dindu
david dindu 1 weeks

Another stimulus should do the trick. Forced lockdown till 100% vaccination is another to consider

butch mccloskey
butch mccloskey 1 weeks

It’s supply side economics artificially keeping supply low so there’s a shock w/ any raise in demand.

jjthesavage
jjthesavage 1 weeks

Yeah, this might be a serious issue but we also seem to just rely on market perception more than figures now. I cashed out 65% of my portfolio, going to wait on a correction/crash.

James
James 1 weeks

This is about supply chains. Look at the cost of wood. The shut downs, lack of labor, and miscalculation of markets.

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Odion 6 days

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Seekster
Seekster 1 weeks

No surprise there.

Arthur
Arthur 1 weeks

Thanks pervy ole joe!

Darin
Darin 1 weeks

I wonder how this could have possibly happened? Sometimes printing free money does this.

Shmule
Shmule 1 weeks

Thanks, Biden.

Julian
Julian 1 weeks

Don’t worry, the criminals at the Fed say there is nothing to worry about

Phoenix
Phoenix 1 weeks

It’s a great time to trade USD for Bitcoin.

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Consumer prices surge 5%, fastest pace since 2008

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