US Core Consumer Prices Explode Higher At Fastest Pace Since 1981

Via ZeroHedge

After March’s blowout 0.6% MoM surge in headline CPI, analysts expected a modest slowdown MoM, but surge YoY due to the base-effect comps from April 2020’s collapse. However, it appears analyst massively underestimated as headline CPI surged 0.8% MoM (4 times the +0.2% expected) and exploded 4.2% YoY. That is the biggest YoY jump since Sept 2008 (and biggest MoM jump since June 2008)

Source: Bloomberg

Core CPI was expected to rise by the most this millennia, but it was hotter than that. The index for all items less food and energy rose 3.0% over the past 12 months; this was its largest 12-month increase since January 1996… and the MoM jump of 0.92% is the biggest since 1981

Source: Bloomberg

Energy and Core Services dominated the surge…

Services prices soared 4.4% YoY – the highest since 1991…

Under the hood, everything was extremely hot…

A 10.0-percent increase in the index for used cars and trucks was the largest contributor, but many indexes increased substantially.

The index for lodging away from home rose sharply, increasing 7.6 percent. Rent inflation slowed again, from 1.83% Y/Y to 1.80%, but, shelter inflation rebounded strongly from 1.70% to 2.11%…

The index for airline fares also rose sharply in April, increasing 10.2 percent. The indexes for recreation and for household furnishings and operations each increased 0.9 percent in April after rising 0.4 percent in March. The motor vehicle insurance index continued to rise, increasing 2.5 percent in April. The index for car and truck rentals increased sharply in April, rising 16.2 percent.

The index for communication rose 0.4 percent in April after being unchanged in March. The apparel index rose 0.3 percent in April after declining in each of the 2 prior months. The indexes for education, alcoholic beverages, personal care, and tobacco also increased in April.

The medical care index rose 0.1 percent in April, the same increase as in March. The index for prescription drugs rose 0.5 percent and the index for hospital services increased 0.2 percent. The index for physicians’ services, however, declined 0.3 percent in April after rising in each of the last 3 months.

As a reminder though, there is nothing to see here, Fed is focused on jobs, not inflation which is “transitory”… forget about your crumbling cost of living… as real wages crash…

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hardscrabble farmer
hardscrabble farmer

This is fine.

Mygirl....maybe

comment image?w=600&h=274

Anonymous
Anonymous

No it is not! Rule 72 says at this rate any $’s you have you will lose half its purchasing power in the time a new born child reaches 8 years old. This is a fact if limited to this yearly rate. Biden on news at 8 saying they will print the difference
But it is way worse than that because they “Thai Massage” all of this and there will be NO happy ending.
Rope Time or starve
They have reached can kicking Field and they Know it!… How

Not a peep from all of the Peeps both side who love the free bees in their ow accounts

m
m

Minor correction:
The value of US Dollar has been halving every 8 years (a/k/a the annual inflation is 9%) since 2009 already.
It is much worse now, since April 2020…

Iska Waran
Iska Waran

We just need to dig up Paul Volcker and put him back in charge.

Overthecliff
Overthecliff

What you wrote is bad. However,it is going to be much quicker and worse. Not much we can do to fix it. Hang on! It’s going to be a rough ride.

Stucky

Charts! Yay!! Like I need a fucken chart to tell me shit is getting more expensive by the week.

Like I need a fucken douchebag TV person to tell me the weather right outside my back door.

Like I need Dr. Stinkfinger poking around my asshole looking for cancer.

Like I need the most deceptive company in the world telling me 50 times a day I can get 13 fucken servings of fruits and veggies in a goddamned pill weighing 4 grams.

Too much useless info in this world.

DirtpersonSteve
DirtpersonSteve

There’s 2 ways this can go.

1. If Grandpa Badfinger wasn’t actually elected the natives will get restless quickly.

2. If he did win, the people who didn’t like mean tweets are full of regret everytime they get gas and groceries.

Two years ago I told my son to “remember this time” because the economy was the best since I was too young to appreciate. This morning I told him everyone with a job has taken a 4% paycut over the last year.

Put in those terms it really bothered him since he is freshly out of college with a good job and paying his bills while watching others live off stimmies.

DirtpersonSteve
DirtpersonSteve

Last night at the dinner table I said, “Today at work I found out I’m getting a 4% payout. Probably more depending on the next few months”

My wife almost choked, followed by “They cant do that!” and a few other things. I explained to her and my daughter that’s what inflation does.

My daughter chuckled at my wife’s over reaction. I said, “What are you laughing at. It’s even worse for you. You are already making less at that minimum wage first job at the ice cream shop two weeks ago.”

She didn’t think that it was funny that she now makes less than when she started.

DirtpersonSteve
DirtpersonSteve

*Stupid autocorrect made paycut into payout. I’m sure TBP is smart enough to already know that.

ICE-9
ICE-9

I think I have figured out what TPTB are doing. They are going to drive inflation and therefore prices through the roof but at the same time kill off tens of millions, if not hundreds of millions, with the mRNA immune suppression operating system, thus triggering a simultaneous massive deflation due to decreasing demand and velocity of money. They think they can thus balance hyper-inflation with hyper-deflation and that will keep the corrupt system running a couple more decades. It will be a global, coordinated effort that like all globalist projects, is doomed to fail (from our perspective). Buckle up.

Ginger
Ginger

You are right, this is just the beginning.
A constant state of anxiety and fear, a mental war. The economy had just started opening up so just cut out the way to get to work. In Raleigh NC 74% of the gas stations are out, yet just this morning the tv was saying only 14%. This is happening in fourteen states along the Eastern seaboard so no little matter. Imagine being on I-95 without any fuel.
Stress will kill.

Overthecliff
Overthecliff

The beginning of the beginning.

Mary Christine

In case you forgot what the 70’s and early 80’s was like. Today this would be rayciss because all the car wash guys are black. With special love for those who hate disco.

Btw, in case you are interested in a comparison price of gas then and now. In 76′ gas was .59, inflation adjusted it compares to 2.77 today.

https://www.dollartimes.com/inflation/items/price-of-a-gallon-of-gas-in-1976

BL
BL

Welcome to Amerikazuela. I have been stocking up again this week just to top off the larder.

Two if by sea. Three if from within thee.
Two if by sea. Three if from within thee.

Somebody run back to town and get a shitload of dimes.

Two if by sea. Three if from within thee.
Two if by sea. Three if from within thee.

Almighty DJIA took a kick in the nuts today.
MOAR PLZ

tr4head

Barely a scratch. When rates rise market collapses like 2000.

Thersites
Thersites

Back in the 30s whether the Republican Hoover or the Democrat Roosevelt, their policies only drove the recession deeper and longer till it became a great depression. When we finally emerged Roosevelt was hailed as some type of father figure who brought us through.

Expect the same thing again, the more Biden messes things up, the more people will clamor that he double down and do more. Don’t think a market crash will bring forth some type of national repentance from federal intervention.

It is funny to remember reading how the media back in Roosevelts day hid the fact the president was a cripple. The authors treated the deception as an anomaly that could never happen again in this “information age”. The presidency of Dementia Joe reveals again, the more things appear to change, the more they stay the same.

Stucky

Gestapo Cunt Gov Whitless is trying to shut down a pipeline in MI. If she succeeds it will mean higher prices and fuel shortages for Ontario and Quebec and propane shortages in Michigan,

.
.
https://www.theorganicprepper.com/michigan-pipeline/

falconflight
falconflight

The corner that the West has backed its people into is growing ever tighter. I Can’t Breath

falconflight
falconflight

Let’s Roll…

Anc
Anc

Increasing the money supply is inflation. Atleast the pre-1970(ish) dictionaries defined it that way. We always seem surprised that printing $ creates inflation. The Austrian economists have been explaining this for over 100 years. Maybe one day we’ll learn from our past mistakes Before we repeat them!

Anonymous
Anonymous

All I care about is the price of good single malt scotch has gone down since Ted Kennedy died.
P.S. Sven Hendrich is the bomb!

Anonymous
Anonymous
Thunderbird
Thunderbird

Inflation is going to wipe out the fast food industry. Already people do not want to work in that becoming toxic environment where customers are rude.

Harrington Richardson: Sans Remorse
Harrington Richardson: Sans Remorse

Robots.

John Doe
John Doe

Would you like some inflation with that pay check? How about 9/10’s of what you used to earn? Don’t worry, it’s only transitory (and the first course of many). We’re from the government and we would never lie to you….

Thunderbird
Thunderbird

We are watching the incompetence of the people we elected and allowed to run all the institutions in government that affect our lives. Reasonable people would fire them. But I am thinking the majority of people in society are not reasonable. That is why so many are sucked into the many lies in our society. They are too lazy to hear and consider the other side of the story.

Now we are headed for collapse and our leadership is like Nero watching Rome burn. But all is not doom. We are watching the exit of a past order. What is coming is not what many think is a planned reset. The disorder coming will not be manageable. It will be the collapse of the previous order. Meaning a new order is coming but not what the propaganda is saying.

This generation is not the generation that lived through the revolution. Many generations toiled the land and started businesses that are now brands of the global corporations. This generation is eating the seed corn of our future because they have no sweat in what made this country rich. So like the well that has run dry our well has run dry. Our leaders used to plan for the future. That is why we have Lake Powell, Hover Dam, the Interstate highway system and much more. They planned for an increasing population. So now our leaders tell us we have to live with less because they are incapable of planning for future generations. This proves their incompetence to lead the nation and state.

Harrington Richardson: Sans Remorse
Harrington Richardson: Sans Remorse

Look at what is being uncovered in the Arizona recount/audit/canvassing. No one elected these thieving fuques. Our Legislative and Executive Branches are illegitimate.

JEFFREY L KLUMP

There are those who want to point the finger at Joe Biden, but that is nonsense. He has only been in office since January. What we are seeing right now is 4 years of Trump’s trade war with our largest creditor, China, and massive printing and spending since the first phase of the financial collapse in 2008. Watch out when Biden’s stimmy’s circulate through the economy. For more on that, go to => https://howtomakemoneyonline582493527.wordpress.com/2021/05/12/the-fourth-turning-where-are-we-right-now/

m
m

Suspicious URL domain detected.
Is this now the blog version of “I earned $9000 last week orking fro home”?

Yes it is.

tr4head

This was written some time ago and a few here may remember as was posted on TBP …….

Another Big Lie – Free Markets

m
m

But did the Zimbabwean stock market ever go down?  (nominally)

Iska Waran
Iska Waran

Go long wheelbarrows.

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