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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsU.S. Inflation Accelerates to Six-Year High, Eroding Wages
The consumer price index rose 0.2 percent from the previous month and 2.8 percent from a year earlier, matching estimates, a Labor Department report showed Tuesday. The annual gain was the biggest since February 2012 and follows a 2.5 percent increase in April. Excluding food and energy, the core gauge was up 0.2 percent from the prior month and 2.2 percent from May 2017, also matching the median estimates of economists.
The pickup in headline inflation partly reflects gains in fuel prices, though the annual gain in the core measure -- seen by officials as a better gauge of underlying inflation trends -- was the most since February 2017. While the Fed is widely projected to raise borrowing costs this week for the sixth time in 18 months, the path of inflation will figure into policy makers thinking on the pace of increases for the second half and in 2019.
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https://www.bloomberg.com/news/articles/2018-06-12/u-s-inflation-at-six-year-high-eating-away-at-wage-increases
How does inflation build up ? Slowly than suddenly
Zoonart
(11,922 posts)Here in NY State, last week at BJ's wholesale, I paid almost a dollar more for many items... especially produce. Produce that was out of season a few months ago was one dollar more than in season now. That is the exact inverse of supply and demand.
Fred Sanders
(23,946 posts)is the exact opposite of what those idiot economists would advise, but then Shitler has the likes of Larry Kudlow for his comfort and the billionaires and maga-corporations are never satisfied.
Watch Shitler boast about wage gains, but no mention of real wage growth, which is now negligible.
Feds are acting too late, get ready for the inflation 🚂 runaway.
And when the dollar crashes because the world will decide having Trump in charge of the world reserve currency is not a good idea...it will be a plane crash.