03/10/2022
πͺππ¬ ππ¦ ππ‘ππππ§ππ’π‘ πͺππ¬ π¨π£?
In today's inflation report, consumer prices jumped to 7.9% over the past year. That's the highest reading since 1982.
As shown in the top chart, designated by the red dashed line, the Fed's long-run target for inflation is 2%. Inflation is nearly quadruple that figure.
A picture (chart) is worth a thousand words. So, first, the big picture β , , and all other have increased by 25.6%, 7.9%, and 6.4%., respectively in 12 months.
During which, new and used car prices skyrocketed by 12.4% and 42.2%. Beef, veal, roast, bacon, and sausage have risen by over 17%. Citrus fruits by 16.2%. Fish, poultry, eggs, and meat by 13%. Gas at the pump costs 38% more this time last year, and diesel pushers pay over 40%.
The pundits were calling this inflation ramp . With being cut off from the rest of the world, I have my fingers crossed that doesn't turn into .
Is coming? What about ? Are wages keeping up? Nope. and only grew by 5%.
1db.com
,
