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Started By
Message
Inflation rose 0.6% in May -- more than expected
Posted on 6/10/21 at 11:33 am
Posted on 6/10/21 at 11:33 am
quote:
BREAKING: Inflation rose 0.6% May -- more than expected and following a 0.8% rise in April and 0.6% in March
Prices are up 5% in the past year -- the largest increase since 2008.
It's not just food and energy costs going up. CPI ex food&energy is +3.8% -- highest since 1992
quote:
Used car & truck prices up another 7.3% in May (and a whopping 30% from last year)
Transportation also up 1.5% in May (and 11% from last yr)
quote:
What costs more now?
It's murky to compare to May 2020, but people still feel these increases.
Car rental 110% (y/y)
Gas 56%
Used cars 30%
Laundry appliances 27%
Airfares 24%
Auto insurance 17%
Moving 16%
Bacon 13%
Bikes 10%
Hotels 10%
Furniture 9%
Whole milk 7.2%
Clothes 6%
LINK
23
Posted on 6/10/21 at 11:33 am to RLDSC FAN
Cool
Posted on 6/10/21 at 11:33 am to RLDSC FAN
quote:
Inflation rose 0.6% in May -- more than expected
And this is after changing the formula so inflation doesn't look so catastrophically bad.
Posted on 6/10/21 at 11:35 am to RLDSC FAN
quote:
Airfares 24%
Car rental 110%
Are people really expecting a big boost and comeback for the travel industry?
Seems unlikely with these high prices.
This post was edited on 6/10/21 at 11:40 am
Posted on 6/10/21 at 11:36 am to RLDSC FAN
But no mean tweets
Posted on 6/10/21 at 11:38 am to RLDSC FAN
yay, liberalism!
Posted on 6/10/21 at 11:43 am to RLDSC FAN
Posted on 6/10/21 at 11:49 am to GeauxTigersGo
quote:
GeauxTigersGo
quote:
Cool
WTF is wrong with you? Are you too dense to understand what this means?
Posted on 6/10/21 at 11:50 am to RLDSC FAN
Posted on 6/10/21 at 11:51 am to Rex Feral
quote:
WTF is wrong with you? Are you too dense to understand what this means?
People working the line at McDonalds don't really care
Posted on 6/10/21 at 11:56 am to RLDSC FAN
quote:
Bacon 13%
This shite is unacceptable.
Posted on 6/10/21 at 11:57 am to RLDSC FAN
I'm not saying don't worry about inflation, because it is a big issue, but a lot of the things on that list can be attributed to supply line disruptions and supply/demand. The used car market is responsible for nearly 1/3 of the increase, and that is a direct result of the chip shortage.
Posted on 6/10/21 at 11:59 am to BottomlandBrew
Meh, most of that is discretionary and will moderate.
Posted on 6/10/21 at 12:00 pm to RLDSC FAN
Posted on 6/10/21 at 12:00 pm to RLDSC FAN
quote:
Car rental 110% (y/y)
Supply issue
quote:
Used cars 30%
Supply issue
Posted on 6/10/21 at 12:01 pm to TDTOM
quote:
Meh, most of that is discretionary and will moderate.
Bacon, sir, is not "discretionary".
Posted on 6/10/21 at 12:02 pm to Rex Feral
quote:
WTF is wrong with you? Are you too dense to understand what this means?
Why don't you explain it to us
Posted on 6/10/21 at 12:05 pm to BottomlandBrew
The only worrisome aspect of the last two prints are the energy costs.
Posted on 6/10/21 at 12:05 pm to LegendInMyMind
quote:
Bacon, sir, is not "discretionary".
Fact. Second most important block of the food pyramid, under coffee and next to smoked salmon.
Posted on 6/10/21 at 12:05 pm to Mingo Was His NameO
Have you priced appliances lately? I was about to pull the trigger on new kitchen appliances....of the four items I chose, they had all increased 16-33% within the LAST MONTH. Eat my shorts!
This post was edited on 6/10/21 at 12:08 pm
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