Even the liars at the BLS can’t cover-up the raging inflation in gasoline, natural gas, rent, medical expenses, and food. I thought Janet was waiting for a little inflation before raising rates. I guess she’ll need a new excuse not to raise rates as the CPI is rising at an annualized rate of 4.8% according to the bullshit artists at the BLS. It’s over 10% for people living in the real world.
Submitted by Tyler Durden on 05/17/2016 08:41 -0400
Headline CPI rose 0.4% MoM (above +0.3% exp) for the biggest jump since Feb 2013 but sadly at the same time, price-adjusted hourly wages slid 0.1% in April.
Following a small drop in March, from 8 year highs, Core (ex food and energy) Consumer Prices rose 2.1% YoY (as expected) abesent the effect of Gasoline’s huge 8.1% MoM surge.
Of course this is probably transitory but we note that rent inflation remains at 3.7% YoY – its highest since 2008 and definitively not transitory.
Continue reading “Consumer Prices Jump Most In Over 3 Years Amid Rising Gasoline, Rent Inflation”
