Inflation soars 8.3% in April, hovering near 40-year high

[ExpressLane]

Inflation cooled on an annual basis for the first time in months in April, but rose more than expected as supply chain constraints, the Russian war in Ukraine and strong consumer demand continued to keep consumer prices running near a 40-year-high.

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in April from a year ago, below the 8.5% year-over-year surge recorded in March. Prices jumped 0.3% in the one-month period from March.

"This is another upward inflation surprise and suggests that the deceleration is going to be painstakingly slow," said Seema Shah, chief strategist at Principal Global Investors. "The focus will soon start shifting from where inflation peaked to where it plateaus, and we fear that it will plateau at an uncomfortably high level for the Fed."
https://www.foxbusiness.com/economy/april-2022-consumer-price-index-inflation
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Great news! The lowest inflation since last MONTH'S 8.5%. It went from 8.5% to 8.3% because gas went down a little bit. But in May gas has shot back up to the highest average price for regular ever. Next months numbers should be great <sarcasm>. Thanks Biden.

Oh and inflation was at 7.9% before Putin invaded Ukraine so yes he has had some effect but not the devastating effect that Joe has had.

 

[anatta]

Inflation cooled on an annual basis for the first time in months in April, but rose more than expected as supply chain constraints, the Russian war in Ukraine and strong consumer demand continued to keep consumer prices running near a 40-year-high.

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in April from a year ago, below the 8.5% year-over-year surge recorded in March. Prices jumped 0.3% in the one-month period from March.

"This is another upward inflation surprise and suggests that the deceleration is going to be painstakingly slow," said Seema Shah, chief strategist at Principal Global Investors. "The focus will soon start shifting from where inflation peaked to where it plateaus, and we fear that it will plateau at an uncomfortably high level for the Fed."
https://www.foxbusiness.com/economy/april-2022-consumer-price-index-inflation
===================================


Great news! The lowest inflation since last MONTH'S 8.5%. It went from 8.5% to 8.3% because gas went down a little bit. But in May gas has shot back up to the highest average price for regular ever. Next months numbers should be great <sarcasm>. Thanks Biden.

Oh and inflation was at 7.9% before Putin invaded Ukraine so yes he has had some effect but not the devastating effect that Joe has had.

i am convalesing from cataract surgery complications - soIhavent been out of the house for a week
But i saw prices literally rising every day at the grocery store -it aint no "Putin price hike"

 

[Lionfish]

 

[Lionfish]

 

[Celticguy]

remember kids, THIS inflation number EXCLUDES food and energy. The real inflation number is 16.5%.

 

[Hawkeye10]

They are lying it is a lot higher than 8.3%.

 

[archives]

This is like watching/listening to Fox News, echoing the obvious, like no one knows prices are escalating

 

[Phantasmal]

What do Republicans plan to do about it? I keep asking how they would solve this that would be different from the Democrats?

 

[archives]

They are lying it is a lot higher than 8.3%.

80%, I mean if you are going to make up numbers, go big

Humorous how during the Obama years the right echoed endlessly that the Gov’t was lying with the economic reports, and then, miraculously, no criticism throughout the Trump era, and as soon as Biden arises, the Government is lying again, says it all

 

[BartenderElite]

What do Republicans plan to do about it? I keep asking how they would solve this that would be different from the Democrats?

In their world, Trump would have prevented the Ukraine War, stopped inflation and cured cancer.

 

[Hawkeye10]

80%, I mean if you are going to make up numbers, go big

Humorous how during the Obama years the right echoed endlessly that the Gov’t was lying with the economic reports, and then, miraculously, no criticism throughout the Trump era, and as soon as Biden arises, the Government is lying again, says it all

It is stunning to me that the Elites seemed to have figured that they could continue to lie constantly with no consequences.

 

[BartenderElite]

Inflation cooled on an annual basis for the first time in months in April, but rose more than expected as supply chain constraints, the Russian war in Ukraine and strong consumer demand continued to keep consumer prices running near a 40-year-high.

The Labor Department said Wednesday that the consumer price index, a broad measure of the price for everyday goods including gasoline, groceries and rents, rose 8.3% in April from a year ago, below the 8.5% year-over-year surge recorded in March. Prices jumped 0.3% in the one-month period from March.

"This is another upward inflation surprise and suggests that the deceleration is going to be painstakingly slow," said Seema Shah, chief strategist at Principal Global Investors. "The focus will soon start shifting from where inflation peaked to where it plateaus, and we fear that it will plateau at an uncomfortably high level for the Fed."
https://www.foxbusiness.com/economy/april-2022-consumer-price-index-inflation
===================================


Great news! The lowest inflation since last MONTH'S 8.5%. It went from 8.5% to 8.3% because gas went down a little bit. But in May gas has shot back up to the highest average price for regular ever. Next months numbers should be great <sarcasm>. Thanks Biden.

Oh and inflation was at 7.9% before Putin invaded Ukraine so yes he has had some effect but not the devastating effect that Joe has had.

You get that inflation has been a global issue, correct?

"Oh, but it's higher in America!" We're not the highest, and the differences aren't very significant. There were obviously global factors that led to this, largely pandemic & supply-related.

 

[archives]

It is stunning to me that the Elites seemed to have figured that they could continue to lie constantly with no consequences.

So there were no “elites” during the Trump era?

 

[Lionfish]

What do Republicans plan to do about it? I keep asking how they would solve this that would be different from the Democrats?

Solved with a few strokes of the president's pen. All Brandon had to do when he entered the White House was NOTHING!!!

Just go back and look at all Brandon reversed. The inflation started that day and it was predicted by literally everyone with a modicum of intelligence.

Don't start a complete refute because you are either too ignorant to understand or too stubborn to admit the fact I am correct and I refuse to get into long conversations with raging lefties.

 

[BartenderElite]

Solved with a few strokes of the president's pen. All Brandon had to do when he entered the White House was NOTHING!!!

Just go back and look at all Brandon reversed. The inflation started that day and it was predicted by literally everyone with a modicum of intelligence.

Don't start a complete refute because you are either too ignorant to understand or too stubborn to admit the fact I am correct and I refuse to get into long conversations with raging lefties.

So, how is inflation global?

Because of "Brandon"?

 

[archives]

Solved with a few strokes of the president's pen. All Brandon had to do when he entered the White House was NOTHING!!!

Just go back and look at all Brandon reversed. The inflation started that day and it was predicted by literally everyone with a modicum of intelligence.

Don't start a complete refute because you are either too ignorant to understand or too stubborn to admit the fact I am correct and I refuse to get into long conversations with raging lefties.

So explain to us what “few strokes of the pen” would have prevented inflation

 

[Phantasmal]

In their world, Trump would have prevented the Ukraine War, stopped inflation and cured cancer.

Yet, he flopped at COVID…and it doesn’t matter what Trump would have done, what matters is what would they do now. If they wish to replace the Democrats, show me why I should vote for them!

 

[Phantasmal]

So there were no “elites” during the Trump era?

Trump is an elite. Common people don’t populate Mara lardo, only temporarily and only if Trump can use them, otherwise he’s embarrassed by them.

 

[anatta]

You get that inflation has been a global issue, correct?

"Oh, but it's higher in America!" We're not the highest, and the differences aren't very significant. There were obviously global factors that led to this, largely pandemic & supply-related.

we are 3rd highest of developed nations
How is it Trump managed to get millions of jobs back with no (2%) inflation and Brandon gets in and it blows up?

 

[Lionfish]

So explain to us what “few strokes of the pen” would have prevented inflation

Count the number of executive orders Brandon signed during his first week in office and reverse every one he signed. Then have that fucking idiot gather all the energy producers, and car manufacturers and tell them he made a yuge mistake in telling them he was going to put them all out of business by mandating a 40 mpg average in three years or shutting down coal plants, and not even looking at small nuclear plants like what gives France 70% of their required energy.
Less than a year ago this moron in the WH stopped a mine in northern MN that had the potential of providing millions of tons of nickel and copper. These green new deal people have their heads up their ass and Brandon is told he must follow their lead as opposed to logical long term thinking.

I get many of the malcontent lefties hated Trump and I was never a fan of how he went about business BUT, that fucker had this country running like a Rolex Yacht-Master and that was in the face of the democrats doing everything in their power to bring him down, all to no avail and much of it now found to be bullshit.