Inflation hits 40-year high as CPI rises 8.6% in May

Phantasmal said:
Did Biden lock down China?

Can Biden force oil companies to increase production?

Did Biden cause Putin to invade Russia? What exactly could Biden have done to alleviate these problems? I’d like to hear conservative solutions to these problems, thanks.
Click to expand...

They are so desperate now. Their evil party in shambles... more 1/6 hearings happening.. a couple of horrible mass shootings where Republicans showed their ass...

Boy.. the Talican is in trouble!! We might set a new precedent and hold power after the mid-terms.. perhaps even increase our numbers. Don't get me wrong.. I'm not gonna give the Dems credit.. I credit the Republicans - their satanic cabal in shambles.. they self-destructed right in front of us.

Thanks for saving our country by your political party killing itself, Talican!!!
 
dukkha said:
U.S. consumer prices accelerated in May at the fastest rate since 1981, as Americans grapple with a surge in the cost of gas, food, and shelter, data showed Friday.

The Bureau of Labor Statistics' May Consumer Price Index (CPI) showed a year-over-year increase of 8.6% last month, up from 8.3% in April. Economists were expecting an 8.3% increase in May, according to estimates compiled by Bloomberg.

The biggest contributors to the latest jump in inflation were shelter, gasoline, and food, according to the BLS. The energy index rose 3.9% month-on-month in May, with the gasoline index rising 4.1%. Compared to the prior year, energy prices in May were up 34.6%, the most since September 2005.

Meanwhile, the food index rose 1.2% from April to May and 10.1% over the prior year, the largest jump since March 1981.
https://finance.yahoo.com/news/may-inflation-data-june-10-2022-212834308.html
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Assholes harping on inflation in America to which tRump and his lawlessly hacked in COVID-19 insurgency got the ball rolling on stresses against the global economy. Inflation just did not start when President Biden was lawfully elected but a issue that festered during those four years with a lawlessly hacked in and un-American tyrant and Putin's b!tch tRump and his shit squad at the then contaminated White House going on a rampage against the entire world and its economy. Actually its amazing how things came along at eventually giving the 45 devil in the White House the unobstructed and majority's 2020 boot!:

The Global Inflation Outlook

The International Monetary Fund has said that it expects inflation pressures to be significant around the world in 2022. Inflation is predicted to be worse in developing economies, where price increases are projected to reach 8.7 percent on average over the course of this year. In developed nations, this number was put at 5.7 percent by the IMF.

After the invasion of Ukraine by Russia in February, the organization revised their inflation projections upwards – by 1.8 percent for developed countries and 2.8 percent for developing nations. This shows that even before the war in Ukraine disrupted global energy and food supplies, inflation projections had already been quite high as supply chains overstretched by restocking needs after the end of major Covid-19 lockdowns had already caused inflation to rise to levels not seen since the aftermath of the Great Recession. Because many developing nations are experiencing economic growth, inflation is generally higher on average in this group of countries. But this doesn't mean that inflation cannot hit non-industrialized countries hard if it happens at a time when their economies are struggling.

Countries experiencing conflict, upheaval or major economic problems in 2022 are expected to see inflation rates far above the global average of 7.4 percent. Among them are Venezuela, Sudan, Zimbabwe, Turkey, Yemen and Argentina. Almost 80 countries – from the developed and the developing world - are projected to see inflation above 5 percent but below 10 percent. This is more than the around 60 which are expected to keep inflation below the 5-percent mark."
The International Monetary Fund has said that it expects inflation pressures to be significant around the world in 2022. Inflation is predicted to be worse in developing economies, where price increases are projected to reach 8.7 percent on average over the course of this year. In developed nations, this number was put at 5.7 percent by the IMF."

https://www.statista.com/chart/27480/projected-annual-inflation-by-country/
 
We need to go after the corporations that are bragging about their PRICE GOUGING right in their corporate earnings calls




That will help trim inflation
 
LurchAddams said:
Thank you for bringing this up! Can you believe what trump did with his tarriffs and threatening foreign countries. He broke our supply chain and destroyed the great economy Obama gave us!

You must be really angry with Donald J. Trump and his crime family for screwing America.
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Trump didn't shut down the economy. Democrats did.
 
LurchAddams said:
trump put out billions in covid aid. we all got checks, remembrer? I got two because I have kids.

Did you complain about the covid aid under twump? Why not?
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Democrats put out billions in 'covid aid'. Trump only signed it because it was attached to a necessary spending bill. Trump does not have authority to spend money. Only the House does.
 
dukkha said:
U.S. consumer prices accelerated in May at the fastest rate since 1981, as Americans grapple with a surge in the cost of gas, food, and shelter, data showed Friday.

The Bureau of Labor Statistics' May Consumer Price Index (CPI) showed a year-over-year increase of 8.6% last month, up from 8.3% in April. Economists were expecting an 8.3% increase in May, according to estimates compiled by Bloomberg.

The biggest contributors to the latest jump in inflation were shelter, gasoline, and food, according to the BLS. The energy index rose 3.9% month-on-month in May, with the gasoline index rising 4.1%. Compared to the prior year, energy prices in May were up 34.6%, the most since September 2005.

Meanwhile, the food index rose 1.2% from April to May and 10.1% over the prior year, the largest jump since March 1981.
https://finance.yahoo.com/news/may-inflation-data-june-10-2022-212834308.html
Click to expand...



It's Putin's/Trump's/The GOP's/Corporations'/the American Peoples' faults.
 
LurchAddams said:
They are so desperate now. Their evil party in shambles... more 1/6 hearings happening.. a couple of horrible mass shootings where Republicans showed their ass...
Click to expand...
You are describing Democrats. Inversion fallacy.
LurchAddams said:
Boy.. the Talican is in trouble!! We might set a new precedent and hold power after the mid-terms.. perhaps even increase our numbers. Don't get me wrong.. I'm not gonna give the Dems credit.. I credit the Republicans - their satanic cabal in shambles.. they self-destructed right in front of us.
Click to expand...
You are describing Democrats. Inversion fallacy.
LurchAddams said:
Thanks for saving our country by your political party killing itself, Talican!!!
Click to expand...
Very little is saved.
 
gemini104104 said:
Assholes harping on inflation in America to which tRump and his lawlessly hacked in COVID-19 insurgency got the ball rolling on stresses against the global economy. Inflation just did not start when President Biden was lawfully elected but a issue that festered during those four years with a lawlessly hacked in and un-American tyrant and Putin's b!tch tRump and his shit squad at the then contaminated White House going on a rampage against the entire world and its economy. Actually its amazing how things came along at eventually giving the 45 devil in the White House the unobstructed and majority's 2020 boot!:

The Global Inflation Outlook

The International Monetary Fund has said that it expects inflation pressures to be significant around the world in 2022. Inflation is predicted to be worse in developing economies, where price increases are projected to reach 8.7 percent on average over the course of this year. In developed nations, this number was put at 5.7 percent by the IMF.

After the invasion of Ukraine by Russia in February, the organization revised their inflation projections upwards – by 1.8 percent for developed countries and 2.8 percent for developing nations. This shows that even before the war in Ukraine disrupted global energy and food supplies, inflation projections had already been quite high as supply chains overstretched by restocking needs after the end of major Covid-19 lockdowns had already caused inflation to rise to levels not seen since the aftermath of the Great Recession. Because many developing nations are experiencing economic growth, inflation is generally higher on average in this group of countries. But this doesn't mean that inflation cannot hit non-industrialized countries hard if it happens at a time when their economies are struggling.

Countries experiencing conflict, upheaval or major economic problems in 2022 are expected to see inflation rates far above the global average of 7.4 percent. Among them are Venezuela, Sudan, Zimbabwe, Turkey, Yemen and Argentina. Almost 80 countries – from the developed and the developing world - are projected to see inflation above 5 percent but below 10 percent. This is more than the around 60 which are expected to keep inflation below the 5-percent mark."
The International Monetary Fund has said that it expects inflation pressures to be significant around the world in 2022. Inflation is predicted to be worse in developing economies, where price increases are projected to reach 8.7 percent on average over the course of this year. In developed nations, this number was put at 5.7 percent by the IMF."

https://www.statista.com/chart/27480/projected-annual-inflation-by-country/
Click to expand...

More propaganda from the Ministry of Truth.
 
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