CPI jumps 5% in May of 2021, fastest since 2008

[oyarde]

Chicken feed is up 33 percent so the price of chicken will mirror that .

 

[oyarde]

Inflation is taking off. I noticed some small grocery items have really gone up. $1 up to $3. $2.25 up to $2.50. $1.99 up to $3.99, etc.

They really screw the poorest people the most.

At the rate we are going by Christmas the 2 dollar items will be 6 .

 

[Matt Collins]

 

[devil21]

Chicken feed is up 33 percent so the price of chicken will mirror that .

I was shocked at fresh chicken prices at the store the other day. Beef already high and pork climbing also but chicken has jumped big time over the last month. Must be coincidence that meat prices are rising faster than other products....yeah that's it, coincidence. Definitely not the plant-based diet (and eventually bugs) agenda.

 

[oyarde]

I think what is most shocking is it is still going up . They are doomed to suffer a 15 percent loss most likely on the ol 401K while costs rise up to 50 percent over 2018 levels and everyone will act all surprised.

 

[ClaytonB]

...

 

[oyarde]

Trade deficit on goods rises nearly another one percent in August. Food exports of course down .Ten yr treasuries up to 1 1/2 , inflation expected to continue .

 

[oyarde]

Nat Gas 5.87 . Going to be a cold winter for the peasants . Chritmas has been cancelled . One yr oil forecast of 86.00 does not include new dem taxes.

 

[CaptUSA]

Sorry, Peasants

Tax the rich, right??!

National rent growth continues to accelerate at an alarming pace. While prices were generally static during 2020, they’ve risen dramatically in 2021. Relative to March 2020, the median one-bedroom rent nationally is up 10.7 percent, while two-bedrooms are up even more at 13.1 percent.

https://www.zumper.com/blog/rental-price-data/

 

[oyarde]

Biden approval rating is 31 percent in Iowa . That seems a little high . We'll see after a cold winter with 3 1/3 dollar gas , 6 dollar nat gas and no Christmas gifts for the poor how that plays out . biden already below Trumps lowest in the state.

 

[Matt Collins]

 

[oyarde]

Fauci says it is too early to cancel Christmas. Thats code for he plans to make that announcement later.

 

[oyarde]

Feds next scheduled meetings look to be Nov 2 & 3 , Dec 14 & 15. Not expecting much from them .

 

[oyarde]

Inflation out of control now. West Texas Light Sweet Crude 78.93 ( up 1.7 percent ) , Brent Crude 82.56 ( up 1.3 percent ) One year oil forecast 90.00 , Heating Oil 2 1/2 , Nat Gas 6 1/3 ( up 8.7 percent ), Wholesale gasoline up 2.1 percent to 2.36. Looking like a cold winter in New England.

 

[oyarde]

One yr oil forecast hits 91.00 as Brent Crude breaks well over 80 to 82.39 , West Texas Light Sweet Crude should make 80 tomorrow at 79.35 now . Wholesale gasoline up to 2.37 . That means 3.40 at the pump soon I'd surmise . Gold looks like the only bargain left . Gas could be 4 by Christmas , deisel will be.

 

[oyarde]

High inflation looks like a lock the rest of this calendar yr.

 

[ClaytonB]

High inflation looks like a lock the rest of this calendar yr.

 

[Occam's Banana]

 

[ClaytonB]

 

[Occam's Banana]

Bloomberg headline (story behind paywall):

Transitory Inflation? The Fed Should Strive to Make It Permanent
America Needs Higher, Longer-Lasting Inflation
The benefits of moderately rising prices and wages outweigh the costs
https://www.bloomberg.com/opinion/a...on-the-fed-should-strive-to-make-it-permanent
Karl W. Smith (11 October 2021)