March 2022. CPI. / Inflation is at 8.5%

[OfTheCross]

Don't panic.

Consumer Price Index Summary - 2022 M03 Results

It is always worthwhile to keep things in context, but today’s 30-year-olds have never seen inflation as high as it is running right now.



Today’s inflation figures could be the highest since 1981 - Poynter

To provide historical context, the figure below shows the inflation rate, measured as the annual change in the personal consumption expenditure (PCE) price index, since January 1960. As we can see, year-over-year inflation was 6.4% in February 2022, the most recent date available as of publication. When inflation is measured by the increase in the consumer price index (CPI), we obtain even higher figures: 7.9% year-over-year in February 2022.1 We have to go back 40 years for inflation rates to be this high.

PCE Annual Inflation

Though initially deemed a short-lived phenomenon and largely the product of a relatively narrow group of goods and services, high inflation has proved persistent and generalized.2 As such, it has become a growing concern for policymakers, analysts and the public.

2021: The Year of High Inflation

 

[greenvale]

My energy bills have went up for sure. Also noticing the prices in my grocery bills spiking. I know some of it is just gouging but still. Philadelphia for reference

 

[OfTheCross]

My energy bills have went up for sure. Also noticing the prices in my grocery bills spiking. I know some of it is just gouging but still. Philadelphia for reference

Energy costs are really the only one that should concern anyone. People can adjust their shopping habits for more other things.

Looking at this historically, though, it's going to be at least a year til CPI normalizes to ~2%.

Hell, China is doing lockdowns as we speak...the supply chain shyt is going to be an issue for like 2 years probably

 

[Geek Nasty]

Biden needs to nut up and announce a price gouging czar with prosecutorial power like Truman [sic] did. shyt would stop in a minute.

 

[Payday23]

Biden needs to nut up and announce a price gouging czar with prosecutorial power like Truman [sic] did. shyt would stop in a minute.

He won't. He can't hurt his party's donors

 

[OfTheCross]

Gold Analysis – The Federal Reserve will speed up its monetary policy to lower inflation