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If anyone believes that the current inflation rate is 8.6% then you better wake up fast. It is much higher than that.
Food is over 10%. Do the folks in DC think we should switch to electric food too?
Joe F. —. I was thinking the same thing. That inflation is actually much higher
than what has been reported.
I miss mean Tweets….This is getting ridiculous…
Not to worry, inflation is only transitory and if it does drag on for a bit then we can blame Russia and/or spend our way out and/or blame it on the messaging.
If it weren’t such a serious situation it would actually be pretty funny.
‘Hope all you folks who voted for Biden & Company (and their handlers) are happy.
Don’t worry – we are
Bob P. — Agreec! The Biden Administration and the Dems have screwed things
up royally.
Here’s what a lot people don’t get.
1). Most Republicans come from the business world running businesses or
even owning businesses.
2). Many Dems come from an activist background not understanding
how the economy works or is suppose to work.
There is a big difference in philosophy between the two.
Current Worldwide Inflation Rates:
US 8.6%
Germany 7.9%
Mexico 7.65%
Italy 6.9%
Canada 6.8%
S. Korea 5.4%
France 5.2%
Australia 5.1%
Japan 2.5%
Saudi Arabia 2.3%
China 2.1%
Obviously all of these nations are affected by Putin’s invasion and Covid; in fact most of them were much more impacted. But they don’t have the US’s biggest problem…
Dominik, so what you’re showing that it IS a worldwide problem, not all Uncle Joe’s fault. At least report ALL the facts, not just the ones that support your opinion. https://tradingeconomics.com/country-list/inflation-rate shows Spain at 8.7%, Netherlands 8.8, UK, 9.0, Brazil 11.73, Russia 17.1, Argentina 58, and Turkey 73.5. I grant that the last 4 are not exactly worthy of comparison, but Japan, SA, and China are also outliners on the other end for many reasons. So, that leaves the USA, for *this* month when doing a *YOY comparison*, at 0.7% to 2%, or 3% higher than comparable advanced economies, and a touch lower than a few. It would be more accurate to review the trend on a monthly basis over a 6-12 month time period, and, better yet, to gauge the trend. Neither of us have done that research. The fed is tapping pretty hard on the brakes and that will tamp down inflation. Also, our recovery has been much stronger than most of these countries, including very strong job growth, and that is not a bad thing.