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Inflation dropped more sharply than economists predicted in November, giving U.S. consumers long-awaited relief and bolstering President Donald Trump’s argument that the price surge that began under the previous administration has finally been reversed.
The Department of Labor reported Wednesday that the consumer price index rose 2.7 percent year-over-year.
The figure is down from three percent in September and well below the 3.1 percent economists expected.
The figure is down from three percent in September and well below the 3.1 percent economists expected.
Although I hate to throw cold water on good news, that $2000 per person free money from the US Treasury (income limits apply) will probably be inflationary.
my stocks will go up (e.g. AAPL) as people line up at the Apple Store.
I have Apple stock as well, but I do not think AAPL will see much more price appreciation.
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https://patrick.net/post/1344548/2022-04-11-putin-s-price-hike-failing-administrati
Frankly, I prefer my spaceship to have big tits and not fake inflated ones.
EDIT - numbers drop:
America goes back to the 80s: Surging gas prices and higher rents push inflation to 41-year high of 8.5% as White House blames it on Putin invading Ukraine
The consumer price index rose 8.5% in March from a year ago, the fastest increase since December 1981
Housing costs, which make up about a third of the index, have escalated and show no signs of cooling
Gasoline prices soared 49% in March from a year ago as the war in Ukraine rocked energy markets
Biden's administration tried to get ahead of the dire inflation news by blaming Russian leader Vladimir Putin
But Republicans place the blame for soaring prices on 'Democrats' reckless spending and failed policies'
https://www.dailymail.co.uk/news/article-10711311/Inflation-soars-new-41-year-high-8-5.html?source=patrick.net