Jimmy Carter’s “Mystery Index” should be brought back to the topic table.
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If you don’t remember the gas lines, the 20% home mortgage interest rates, and stagflation, it’s time to open your history books and take another look. This is what created the misery.
And what’s horrible is that the latest data releases show numbers that bring to accelerate inflation!
According to the report published by Zero Hedge,
“Inflation’s still accelerating as headline CPI soared 5.0% YoY, hotter than the +4.7% expected. That is the highest level of inflation since Aug 2008. But it is core CPI that is the huge outlier, soaring 3.8% YoY – the hottest level of inflation since 1992…
In addition, here are some numbers that show exactly how much is Joe Biden and his administration actually ruining our economy.
“Consumer Price Index Core s.a. (May) printed at 275.72.
Continuing Jobless Claims (May 28) printed at 3.499M vs 3.602M consensus estimate.
Consumer Price Index (MoM) (May) printed at 0.6% vs 0.4% estimate.
Consumer Price Index n.s.a. (MoM) (May) printed at 269.195 vs 268.473 estimate.
Initial Jobless Claims (Jun 4) printed at 376k vs 370k estimate.
Consumer Price Index ex Food & Energy (MoM) (May) printed at 0.7% vs 0.4% estimate.
Initial Jobless Claims 4-week average (Jun 4) printed at 402.5k.
Consumer Price Index (YoY) (May) printed at 5% vs 4.7% estimate.
Consumer Price Index ex Food & Energy (YoY) (May) printed at 3.8% vs 3.4% estimate.”
Have you already felt it and how?