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re: CPI increase came in at 4.2% vs expected 3.6%.

Posted on 5/12/21 at 9:59 am to
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 5/12/21 at 9:59 am to
it went up 0.9% month over month

in 2021 we have risen by 0.3%, 0.4%, 0.6%, and 0.8%.

that annualizes to a rise of 6%, nearly 3x over the target

this is just getting started... and if the 0.9% continues we will see over 20% inflation on the year
Posted by Auburn1968
NYC
Member since Mar 2019
19775 posts
Posted on 5/12/21 at 3:50 pm to
quote:

it went up 0.9% month over month

in 2021 we have risen by 0.3%, 0.4%, 0.6%, and 0.8%.

that annualizes to a rise of 6%, nearly 3x over the target

this is just getting started... and if the 0.9% continues we will see over 20% inflation on the year


Ah... Carter's stagflation. I remember it well.
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