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-   -   Inflation now at 40-year high...pay no attention to that though... (http://www.paceadvantage.com/forum/showthread.php?t=170937)

PaceAdvantage 06-10-2022 06:29 PM

Inflation now at 40-year high...pay no attention to that though...
 
Jan 6 hearings are definitely where it's at!

https://www.cnbc.com/2022/06/10/cons...-may-2022.html

Quote:

The consumer price index rose 8.6% in May from a year ago, the highest increase since December 1981. Core inflation excluding food and energy rose 6%. Both were higher than expected.

Surging food, gas and energy prices all contributed to the gain, with fuel oil up 106.7% over the past year.

Shelter costs, which comprise about one-third of the CPI, rose at the fastest 12-month pace in 31 years.

The rise in inflation meant workers lost more ground in May, with real wages declining 0.6% from April and 3% on a 12-month basis.
Let's go Brandon!

Greyfox 06-10-2022 06:36 PM

Inflation is so bad, a truckload of Americans were caught sneaking into Mexico! :D

Inner Dirt 06-10-2022 06:38 PM

As I have said numerous times, sign me up for that 8.6% inflation. My business supplies are up a hell of a lot more than that. I can't pass it on either as damn near all my currently active customers cater to hobbyists.

Zydeco 06-10-2022 07:18 PM

Let's go Brandon!

Tom 06-10-2022 08:14 PM

Oscar Meyer baloney, $5.99 this past winter, $8.69 today.
Must be 8.6% each freaking slice!

tbwinner 06-10-2022 11:05 PM

Just make the minimum wage $15 and all will be fine.

Just make the minimum wage $20 and all will be fine.

Just make the minimum wage $30 and all will be fine.

Mostpost will be in soon to let us know inflation right now is a GOOD thing.

Meanwhile, in the non-taxpayer-supported-retiree world, people are suffering and can't make ends meet. The next few months will be extra rough.

davew 06-10-2022 11:20 PM

People will die this summer from heat stroke and freeze next winter.



thx Joe

Dave Schwartz 06-10-2022 11:23 PM

Quote:

Originally Posted by tbwinner (Post 2810219)
Just make the minimum wage $15 and all will be fine.

Just make the minimum wage $20 and all will be fine.

Just make the minimum wage $30 and all will be fine.

Mostpost will be in soon to let us know inflation right now is a GOOD thing.

Meanwhile, in the non-taxpayer-supported-retiree world, people are suffering and can't make ends meet. The next few months will be extra rough.

Very astute. :ThmbUp::ThmbUp:

The people who have worked a lifetime are being screwed on everything from Social Security --- WHICH IS NOT BEING ON THE DOLE --- to paying their own student loans.

Hey... old white folk have to die, right?

Inner Dirt 06-11-2022 12:09 AM

Quote:

Originally Posted by Tom (Post 2810194)
Oscar Meyer baloney, $5.99 this past winter, $8.69 today.
Must be 8.6% each freaking slice!


Damn! I like baloney and grilled cheese. The last package of baloney was $6.99 I bought two weeks ago and thought WTF, $7 for a package of baloney.
I did not know that was cheap.

BIG RED 06-11-2022 12:33 AM

Quote:

Originally Posted by tbwinner (Post 2810219)

Meanwhile, in the non-taxpayer-supported-retiree world, people are suffering and can't make ends meet. The next few months will be extra rough.

I hear that :bang:

Inner Dirt 06-11-2022 02:11 AM

Quote:

Originally Posted by davew (Post 2810224)
People will die this summer from heat stroke and freeze next winter.



thx Joe


What I pay for electricity is one of the few things that had no price increase in the last year, heating oil was up 25%.

tucker6 06-11-2022 06:20 AM

What are you people griping about? Inflation is a high class problem. Just like Brandon and company said about supply chain issues.

Has anyone noticed that not one of these transitory, high class problems is going away?

rastajenk 06-11-2022 07:02 AM

My elliptical cross-trainer is still on a ship in Long Beach harbor, I think. :rant:

:)

davew 06-11-2022 07:07 AM

Quote:

Originally Posted by Inner Dirt (Post 2810256)
What I pay for electricity is one of the few things that had no price increase in the last year, heating oil was up 25%.

see what it is in the fall

classhandicapper 06-11-2022 09:39 AM

I read yesterday that the average American’s monthly bills are going to rise between 400-450 per month. Considering most were already heavily in debt and living week to week, I think we have a serious problem.


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