USD Inflation surges to 8.5% on an annual basis, highest since 1981 (according to newly released CPI Report)

> The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.2 percent in March on a seasonally adjusted basis after rising 0.8 percent in February, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment.
> Increases in the indexes for gasoline, shelter, and food were the largest contributors to the seasonally adjusted all items increase. The gasoline index rose 18.3 percent in March and accounted for over half of the all items monthly increase; other energy component indexes also increased. The food index rose 1.0 percent and the food at home index rose 1.5 percent.
> The index for all items less food and energy rose 0.3 percent in March following a 0.5-percent increase the prior month. The shelter index was by far the biggest factor in the increase, with a broad set of other indexes also contributing, including those for airline fares, household furnishings and operations, medical care, and motor vehicle insurance. In contrast, the index for used cars and trucks fell 3.8 percent over the month.
>The all items index continued to accelerate, rising 8.5 percent for the 12 months ending March, the largest 12-month increase since the period ending December 1981. The all items less food and energy index rose 6.5 percent, the largest 12-month change since the period ending August 1982. The energy index rose 32.0 percent over the last year, and the food index increased 8.8 percent, the largest 12-month increase since the period ending May 1981.



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  1. Inflation is likely 15+% and meanwhile rates have never been lower in real terms.

    C’mon fed, hike by 5-10% in one go and be done with it. The only companies that get destroyed are the ones who deserve it.

  2. You should also note that they also regularly change the way they calculate inflation from time to time based on what outcome they are looking for.

    That basket of goods that they base their calculation on are loosely defined. The real inflation is the expansion of the money supply which is way more than the official inflation numbers.

  3. What’s funny is that “Core CPI” metrics don’t include food and energy prices in them because of their volatility.

    So the real world ‘felt’ inflation is provably a lot higher.

  4. I feel inflation is now highly correlated with how often high skilled / high demand workers keep jumping between positions and jobs. This has created a disastrous turnover rate in the recent years and lowered the quality and services of many companies (at least in tech where I know more about it).

    I had to literally beg for a 7% salary increase a few years back while my position and responsibilities increased. I ended up quitting and looking for a lower position in another company, and ended up with a much higher salary (all this in USD btw, god forbid my salary was in any other more volatile fiat currency).

    Crazy times we live in.

  5. They get those numbers because people stop buying $50 steak that was $20 and purchase ramen that has gone up 8.5%. They lie about statistics by not putting what’s in the consumer basket.

  6. “We want inflation to run a little bit higher than its been averaging in the last quarter century… its all transitory.”

    • ⁠April 28th, 2021.

    “Everything’s fine… it’s working the way we expected it to.”

    • ⁠Jerome Powell July 28, 2021. August 27, 2021. September 22, 2021. October 22, 2021. November 3, 2021. November 22, 2021.

    “The word ‘transitory’ has different meanings to different people. Its a confusing word that needs to be retired.”

    • ⁠Jerome Powell November 30th, 2021.

    “We’re always just going to do what we think is right for the economy and for the people we serve.”

    • ⁠Jerome Powell December 15th, 2021.

    “The old system was in place for decades and then suddenly it was revealed as insufficient… We do take the need to protect our credibility with the public very seriously.”

    • ⁠Jerome Powell January 11th, 2022.

    “I’d say that the inflation situation is about the same or slightly worse… It hasn’t gotten better and that’s been the pattern… What we’re learning is it’s just taking much longer, and that raises the risk that high inflation will be more persistent.”

    • ⁠Jerome Powell January 26th, 2022.

    “The inflation that we are experiencing is just nothing that we have experienced in decades… All the things we did during the pandemic, we turned our dials as hard as we could… Part of what we did and what congress did is the reason why inflation is so high.”

    • ⁠Jerome Powell March 2nd, 2022.

    “These higher prices have real effects on people’s well-being and it takes a toll on everyone. If you’re at the lower end of the income spectrum it’s very hard because you are spending most of your money on necessities, but it’s punishing for everyone… We can’t blame the framework. It was a sudden, unexpected burst of inflation and then it was the reaction to it, and it was what it was.”

    • ⁠Jerome Powell March 16th, 2022.

    “The rise in inflation has been much greater and more persistent than forecasters generally expected… We’re not expecting near-term progress on inflation.”

    • ⁠Jerome Powell March 21st, 2022.

  7. And meanwhile Biden’s bitch ass is going after my high interest crypto savings account. What the actual fuck? (And I voted for that bastard)

    Are there any alternatives that I can do to get the 7% return I currently get on my stable coin with Celsius? I apparently can’t add anything to that earn account after April 15th now.

    Edit: typos

  8. So the noobs and sheep on here are going to tell you how awful this is.

    It isn’t.

    The rate of increase seems to be decreasing.

    Stockmarket futures have reacted positively (so far).

    Remember, it’s not about the numbers.

    It’s about the expectation.

    There is a small sigh of relief in the market that is not worse.

  9. CPI IS NOT INFLATION. Stop saying it this way. You’re buying their lies.

    Real inflation in much higher and based off actual metrics, not manipulated equations that get revamped every year.

  10. Inflation has reached 8.5%, but in reality, the figures seem much worse on a daily basis. The real reason is that the calculation method was changed in 1980 to hide the reality. If we take the calculation method of the time, we would already be well above 15%.

    In the face of this rampant inflation, Bitcoin is our only option. Now more than ever.

What do you think?

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