Headline; Inflation in April accelerated at its fastest pace in more than 12 years The increase in the annual headline CPI rate was the fastest since September 2008, while the monthly gain in core inflation was the largest since 1981. https://www.cnbc.com/2021/05/12/consumer-price-index-april-2021.html ''Used car and truck prices, which are seen as a key inflation indicator, surged 21%, including a 10% increase in April alone. Shelter, another key CPI component, was up 2.1% year over year and 0.4% for the month'' BLS full explanation, April 2021 and previous months.......Google; BLS Consumer Price Index Release, Month/Year. ------------------------- NOW, let's be rational....... On this site, I recently noticed that there are several ''self-acclaimed'' inflation experts, and I'm not. HOWEVER, critical thinking is a learned skill, and like a musical instrument, practicing makes you better. --------------------- Let's begin.......ONE STEP AT A TIME Critical thinkers are people who constantly ask themselves questions, and due to said process, I discovered this eye-opener; U.S. PERSONAL SAVING RATE Question; How come my personal savings steadily increased since last February? Answer; Because PRIOR/DURING/AFTER the First, Second, and Third WAVE, I mostly stayed home, and mainly bought essentials. Personal saving as a percentage of disposable personal income (DPI) .......self-explanatory https://tradingeconomics.com/united-states/personal-savings MAIN REASON; April, 2020 U.S. savings rate hits record 33% as coronavirus causes Americans to stockpile cash, curb spending Jan 2021 Consumers had money to burn in December, but seemingly nowhere to spend it. March 2020 Economic impact payments associated with the American Rescue Plan Act of 2021, which was enacted on March 11, 2021, were distributed in March. https://www.bea.gov/news/2021/personal-income-and-outlays-march-2021 ------------------------- I'll be back!
Personal Savings Rate......Summary Feb/Mar/Apr.....PSR increased, and we all know why Apr20/Jan21/Mar21......PSR increased during the months when Relief Checks were directly deposited in recipient's accounts May/June/Jul/Aug......PSR decreased mainly due to; Memorial Long, restrictions were eased, cabin fever, people letting their guard down, etc. Nov/Dec/..........PSR increased mainly due to; Holiday shoppers significantly spent way less, pademic worries, limited family gatherings, etc. --------------- NEXT.....Correlations; Personal Savings rate Inflation GDP/V-shape recovery Vaccinations Business re-opening Other
How can you put biden's inflation and the word rational in one sentence...that's completely irrational
Yup. Recipe for shortages. WELCOME BACK, CARTER: Inflation in March: 0.9%, highest since April 1982 (note a monthly rate of 0.9% is 10.8% annualized). Avg. price gallon of regular gas: $2.99, highest since November 2014. Used Car prices: up 12.4% in last year. New car prices up 7.0%. Median home price: up 18.4% over year. April jobs report: 266,000 new jobs, vs. predicted 1 million. Stagflation, anyone? Ugh.
For your info, I have yet to investigate the so-called ''Targetted relief checks''. All I know is the last two ''one time relief checks'' were distributed to approx. 260 citizens, (220 milllion adults and 40 million children). For example; If said targetted relief checks reduced the number of recipients from 260M to 255M, then WTF?
My mistake.....wanted to respond to; ''he wants to spend money paying people to not do anything... AND I'm currently working on the number of people who ''were/are paid to do nothing'' in quotation.
If I understand your thesis, this inflation is simply a function of demand, and will clear up once the current supply chain crisis clears up, correct?
Bought a brand new Dodge Nov 2019, and from March 2020 to Feb 2021, it mainly sat in my garage.....Retired, and I’ve self-isolated for nearly a year......Type 2 Diabetes. I recently travelled near 4,000 miles, and I had to replace a speed sensor, and there was also a problem with my right mirror. In Maine, I bought a gooseneck trailer, and a load of galvanized steel pipes for fencing purposes.....I have several cousins in Maine who owns businesses, such as a steel supplier. Point being, no travel, no demand for diesel, a speed sensor, a mechanician, hotel rooms, restaurant food, gooseneck trailers, and a load of galvanized steel pipes. Prices increase when supply decreases; A majority of consumers enters/exits the same revolving doors so to speak, thus, after a second dose of vaccine, how many consumers felt free and secure to travel? I surely wasn’t the only traveller. Prices decrease when supply increases; Best time to buy an air conditioning system is in the winter, a snow shovel in the Summer. Common saying; I wait after the holidays to buy my Christmas wrapping paper.
Ohr biggest corporations excluding financial institutions have been reporting record setting profits going back as far as the 1950's according to Bloomberg Financial. They are profiteering off the supposed inflation.
