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Wednesday, August 18, 2021

Inflation Hits 5.3 Percent in July

The unadjusted consumer price index as measured by the Bureau of Labor Statistics was 5.28 percent for the month of July, slightly lower than June at 5.32 percent, but still measuring the highest inflation on record since July 2008, when it hit nearly 5.5 percent. 

The latest numbers come as Congress has easily passed another gargantuan $1.2 trillion infrastructure spending plan that included $550 billion of new spending. Interest rates have already reacted as 10-year treasuries came off a near-term low of 1.17 percent on Aug. 2 to 1.36 percent as of Aug. 12, slightly increasing inflation expectations. 
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7 comments:

  1. bogsidebunnyAugust 18, 2021 at 9:19 AM

    The Democrat/Socialist's "destroy the American Capitalist economy" plan proceeds apace.

    ReplyDelete
  2. CavguyAugust 18, 2021 at 9:20 AM

    The shitter is that infrastructure bill. Every RINO that voted for it needs to Fing GO!!! We need more business men and farmers in congress. Hell I’d run but I’m too old and move all the time. No real home now, just the RV.

    Saber 7

    ReplyDelete
  3. DanAugust 18, 2021 at 3:36 PM

    Pretty sure 5.3% is an UNDERESTIMATE.....

    ReplyDelete
    Replies
    1. Fa Cube ItchesAugust 18, 2021 at 6:32 PM

      By a wide margin, at that.

      Delete
  4. Henk VandenberghAugust 18, 2021 at 3:37 PM

    By the time $15 minimum wage goes in effect it will be worth $7.25

    Is this why democrats no longer are willing to teach math in high school?

    ReplyDelete
  5. AnonymousAugust 18, 2021 at 8:16 PM

    Who could ever have thought that printing trillion$ year after year would devalue the currency. Well, at least the womyn got to feel good about all the grievance mascot pets they could nurture. Free stuff for everyone. Free stuff for the world.
    -grrrr

    ReplyDelete
  6. LargeMargeAugust 19, 2021 at 12:18 PM

    "...excluding fuel and food..."
    Choosing data to fit the fabricated agenda.

    ReplyDelete

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