Inflation now at 9.1% in the USA

[OneMoreRep]

Consumer Price Index (CPI) clocked in at 9.1%.

Let's see the carnage this will bring to the stock and crypto markets. Also, get ready folks as this means the Federal Reserve will have to continue to increase their Federal Reserve Rates and Moody's will likely soon have to announce that we are officially in a recession given that Q1/Q2 GDP were negative.

"1"

[Gym-Rat]

But Joe said we're doing GREAT!!!!

[El Diablo Blanco]

Bullshit number.  Inflation is way higher but the gov won't admit it. Let's do some basic math.

Gas is up 100%, Housing is up 50%, rent is up 70%, food is up over 50%.  How the fuck does this average out to 9.1%?

Don't forget the US dollar that used to be 1.30 USD to 1 Euro is now 1-1.  So yeah. 9% my ass.

[MAXX]

The wisdom of Biden. Print more money and we will erase poverty

[karasan]

Bullshit number.  Inflation is way higher but the gov won't admit it. Let's do some basic math.

Gas is up 100%, Housing is up 50%, rent is up 70%, food is up over 50%.  How the fuck does this average out to 9.1%?

Don't forget the US dollar that used to be 1.30 USD to 1 Euro is now 1-1.  So yeah. 9% my ass.

Amen to that...
Home ownership is lower than 2008,
Average household debt is way higher
Middle class is globally f*cked
Wondering when will music stop...
Good thing is Matt C will last longest tthanks to his 1200 kcal doomsday diet.

[FitnessFrenzy]

Saw a survey where they predict around 5 percent inflation next year in America. That does not change the fact that it is way too high now, and 5 percent is also too high

[OAK]

This is horrible news.

Thanks Putin!

🙁

[Rambone]

This is horrible news.

Thanks Putin!

🙁

0/10 trolling effort, gimmick.

[OneMoreRep]

Bullshit number.  Inflation is way higher but the gov won't admit it. Let's do some basic math.

Gas is up 100%, Housing is up 50%, rent is up 70%, food is up over 50%.  How the fuck does this average out to 9.1%?

Don't forget the US dollar that used to be 1.30 USD to 1 Euro is now 1-1.  So yeah. 9% my ass.

Your suspicion as to 9.1% being low is not wrong.

Back in the early 1980s, calculated CPI was based on comparisons of a fixed basket of goods and services that was averaged over 2 periods. They called it the cost of goods index. But then, congress decided that they should instead concentrate on the "cost to maintain a certain standard of living". This is what led to our present day CPI reflecting more of a cost of living as an index. As a result of this change, there have been numerous revisions over the last 30-40 years which changes the relative weighing of distinct items in the proverbial basket. These changes and the resultant difference distinct items have in terms of their value/weight is what has led to us underreporting actual inflation (CPI).

It's been a game of manipulation. If you use the same formula employed to calculate inflation as they did in the early 1980s (formula used for the cost of goods index - COGI), you would likely end up with a CPI that is closer to 18-20%.

"1"

[OAK]

0/10 trolling effort, gimmick.

You don’t think the war in Ukraine is a major factor in inflation around the world?

Please give us your opinion.

I didn’t realize you were an expert on macroeconomics as well.

🙄

[Thin Lizzy]

But Joe said we're doing GREAT!!!!

I recall Getbig’s own Straw Man saying it was dumb to ask about inflation.



Biden calls Peter Doocy 'stupid son of a bitch' for inflation question

https://nypost.com/2022/01/24/biden-calls-peter-doocy-stupid-son-of-a-bitch-for-inflation-question/

[Soul Crusher]

You don’t think the war in Ukraine is a major factor in inflation around the world?

Please give us your opinion.

I didn’t realize you were an expert on macroeconomics as well.

🙄

GTFO w your nonsense.  Wear your mask and STFU

[Gym-Rat]

GTFO w your nonsense.  Wear your mask and STFU

Careful, he'll post a libturd created meme 

[OAK]

Spot on!

[IroNat]

Biden is a great man.

Inflation is good for you like the vax.

[OAK]

Biden is a great man.

Inflation is good for you like the vax.

I hate Joe Biden.

He’s a better leader than Trump though.

[Soul Crusher]

I hate Joe Biden.

He’s a better leader than Trump though.

More fake BS.  The labor rate and amount of people working is still less than before the scamdemic that liberal POS in many states forced lock downs. 

[Thin Lizzy]

Prices were rising well before the Ukraine war but yeah let’s blame a regional conflict for worldwide inflation.

[Coach is Back!]

You don’t think the war in Ukraine is a major factor in inflation around the world?

Please give us your opinion.

I didn’t realize you were an expert on macroeconomics as well.

🙄

Stop...just stop. Biden is making Carter look like Reagan about now. This was predicted loooong before this war.

[OAK]

Stop...just stop. Biden is making Carter look like Reagan about now.

I agree.

Biden is an idiot.

But Putin’s war is the number one driver of inflation.

[El Diablo Blanco]

I hate Joe Biden.

He’s a better leader than Trump though.

It's not a high bar for Joe.

[G_Thang]

I hate Joe Biden.

He’s a better leader than Trump though.

FOH!

Under Trump Black women actually overtook Asians in university enrollment and were the fastest growing small business sector.

So Cognitive Dissonance is getting credit for people who went back to work after the pandemic when their companies reopened their doors like restaurants and cinemas.

[funk51]

I hate Joe Biden.

He’s a better leader than Trump though.

     

   

   we should have cloned this guy. someone who was actually worthy of our respect. unlike the last two turds.

[El Diablo Blanco]

This world has gone fucking nuts.  Now Cuban cigars are jumping up in price anywhere from 400% to 800%.  A box of Cohibas I could have bought a couple years ago for $400 will now be about $2500.  WTF!!!

This world has gone to pure shit.


While rumors have been circulating around the industry, today it’s official—Cuban cigars are about to get more expensive the world over. According to Cuban cigar distributor Habanos S.A., all of its brands will see an increase in prices in every global region. Cohiba and Trinidad in particular will have the largest jump, as they will now be priced in accordance with the Hong Kong market, which is one of the most expensive in the world. Bigger Cohibas will sell for $100 each, Behikes far more, and boxes will no longer be priced in the hundreds of dollars, but in the thousands.

[Thin Lizzy]

Stop...just stop. Biden is making Carter look like Reagan about now. This was predicted loooong before this war.

What’s so detestable about him is that he always passes the buck. It never stops with him.

He’s every stereotype of a sleazy politician wrapped in a shit filled diaper.