Thread: Consumer Price Index (CPI)

Originally Posted by Bullitt

I have no idea why I'm paying the same as a 65 year old diabetic.

Sorry if that post got off topic. To clarify here, there should be incentives for people to maintain a healthy lifestyle. Sure, there are underlying health conditions, but when you pay a flat rate no matter what, where's the incentive to stop unhealthy behaviors such as smoking? In the end we all pay for it. My health care costs are going up 10% from 2020 to 2022. That's a big hit.

U.S. consumer prices jump 6.2% in October, the biggest inflation surge in more than 30 years

The consumer price index surged 6.2% from a year ago in October, the most since December 1990.

Core inflation, stripping out food and energy, increased 4.6%, the fastest gain since November of the same year.

Energy, shelter and vehicle costs led the gains, which more than wiped out the wage increases that workers received for the month.

https://www.cnbc.com/2021/11/10/cons...x-october.html

Inflation surged 6.8% in November, even more than expected, to fastest rate since 1982

Inflation rose 6.8% from a year ago in November, slightly higher than estimates according to the consumer price index released Friday.

Excluding food and energy, the CPI increased 4.9%, in line with expectations.

Surging prices for food, energy and shelter accounted for much of the gains.

https://www.cnbc.com/2021/12/10/cons...mber-2021.html

Ah, October was the Good Ole' Days. Inflation was only at 6.2% rather than accelerating to 6.8%.

Gotta reach back to the days of Reagan/Volker to get a number like that.

A Fed Rate of 18% to beat inflation!!!

What, me worry???

Why, my cost of living increase will be around 2.7%!!!

Inflation rises 7% over the past year, highest since 1982

The consumer price index, an inflation gauge that measures costs across dozens of items, rose 7% in December from a year earlier, the fastest pace since June 1982.

That was in line, however, with economist estimates, and stock market futures rose after the release.

Excluding food and energy, so-called core CPI was up 5.5% on the year, the biggest growth since February 1991.

https://www.cnbc.com/2022/01/12/cpi-december-2021-.html

Inflation rises 7.5% over the past year, even more than expected and the highest since 1982

The consumer price index for all items rose 0.6% in January, driving up annual inflation by 7.5%.

That marked the biggest gain since February 1982 and was even higher than the Wall Street estimate.

Core inflation rose 6%, which also was a notch higher than expectations.

Real earnings for workers increased just 0.1% on the month when accounting for inflation.

Weekly jobless claims declined to 223,000, below the 230,000 estimate.

https://www.cnbc.com/2022/02/10/janu...-expected.html

All this talk about how workers had momentum in getting pay raises and it all came out to a .1% increase in real wages.

Inflation rose 7.9% in February, as food and energy costs push prices to highest in more than 40 years

The consumer price index for February rose 7.9% from a year ago, the highest level since January 1982.

Excluding food and energy, both of which moved sharply higher during the month, core inflation still rose 6.4%, in line with expectations but the highest since August 1982.

Gas, groceries and shelter were the biggest contributors to the CPI gain. Auto prices eased.

Worker paychecks fell further behind, as inflation-adjusted earnings fell 0.8% in February, contributing to a 2.6% decline over the past year.

https://www.cnbc.com/2022/03/10/cpi-...ary-2022-.html

It is expected to rise further so next month's number may not be better.

Consumer prices rose 8.5% in March, slightly hotter than expected and the highest since 1981

Headline CPI in March rose by 8.5% from a year ago, the fastest annual gain since December 1981 and one-tenth of a percentage point above the estimate.

Surging food, energy and shelter costs helped account for the gain.

Real worker earnings fell by another 0.8% during the month as the cost of living outpaced otherwise strong pay gains.

https://www.cnbc.com/2022/04/12/cons...-expected.html

U.S. Inflation Eased in April to 8.3% Annual Rate

Inflation rate fell for first time in eight months as energy prices moderated

U.S. consumer inflation eased in April to an 8.3% annual rate, taking a slight edge off the steepest run of price increases in four decades as energy prices moderated.

The Labor Department’s consumer-price index reading last month marked the first decline in eight months, down from an 8.5% annual rate in March. The CPI measures what consumers pay for goods and services.

https://www.wsj.com/articles/us-infl...hare_permalink