The Consumer Price Index, which measures an allotment of goods as well as energy and housing costs, rose 4.2% from a year earlier. This means that the average prices on those items covered in their analysis increased in price 4.2 cents on the dollar. The CPI does NOT include gas nor food.
Am I missing something here? I mean, if the government is tracking prices which consumers are paying I’m fairly certain that GAS and FOOD are major expenses that consumers pay.
4.2% over the past 12 months?
I don’t think so.
We are approaching $30 trillion in Federal debt and with trillions to be added. The government continues to manipulate the bond market and downplay the economic impact of stimulus packages and Federal unemployment payments. There are supply shortages across many industries and prices are skyrocketing for raw materials. Used cars and trucks are on the increase and prices for campers and trailers are shooting upwards.
It’s an understatement that things are not good.
Could this be the beginning of the end? Many think so. Many are selling off everything and buying land out in the country, putting a tiny home or camper on it- and planning to wait out the storm.
It’s interesting that over the past few decades that economic collapse has been the main focus of my preps. When playing scenarios of what may happen and how almost everyone starts with massive government spending and the beginning of the end with inflation. Inflation.
Go get the popcorn and get ready to see the show. It’s going to be interesting.
Rourke
I suppose they want to delay raising interest rates since we can’t meet the payments at this point so they lie about inflation like they lie about everything else? I can tell you that homes in Florida are going for above the asking prices with bidding wars between blue state morons who are trying to escape the results of their own stupidity.