Demand for mortgages has crashed to a multi-decade low last week as prospective homebuyers contend with surging inflation and rising interest rates, data released on Wednesday showed.
Yesterday’s report on the Consumer Price Index (CPI) was horrible.  Today’s results for the PPI are just as bad.  Yesterday’s inflation as measured by the CPI was horrible.  Biden’s inflation is at a 40-year high.  Not since 1981 have we seen such high inflation. BIDEN ECONOMY: Inflation Explodes to 9.1% – The Largest 12-Month Increase… The post BIDEN ECONOMY: PPI Inflation Index Out Today – Highest Since March All-Time High appeared first on The Gateway Pundit .
8:00 AM — Jul 14th 2022
US Q1 GDP Revisions Scream Stagflation The third look at Q1 GDP appears to confirm the worsening picture of the US economy that is now evident in sentiment surveys nationwide. Growth was revised even lower to -1.6% Annualized QoQ (from -1.5%)... Personal Consumption growth collapsed from +3.1% to just +1.8% - weakest since the COVID lockdown collapse... And finally, inflation - GDP Price Index - rose from +8.1% to +8.2% - the highest since June 1981 ... So - stagflation it is... not exactly what The Fed wants to see. Tyler Durden Wed, 06/29/2022 - 08:38
Producer prices continue to rise at a near-record pace, further undercutting the notion that we’ve reached “peak inflation.” The Producer Price Index (PPI) rose 0.8% month-on-month, according to the May data released by the Bureau of Labor Statistics. That was double the 0.4% gain in April. On yearly basis, wholesale prices were up 10.8%. That […] The post Producer Prices Continue to Rise at Near-Record Pace Further Undercutting the Notion of Peak Inflation first appeared on SchiffGold .
LONDON—The euro’s losses deepened on Tuesday after data showing eurozone inflation hit a record high in May, but expectations the European Central Bank will soon hike rates kept the single currency on track for its best monthly performance in a year. Rising inflation is usually considered a precursor to tighter monetary policy. The ECB is […]
$18 For A Michelob Ultra: 'Beer-Flation' Hits PGA Championship This week's beer prices at the 2022 PGA Championship at Southern Hills Country Club in Tulsa, Oklahoma, shocked many who attended the event (and even players) and sparked just as much buzz as Tiger Woods.  After spending hundreds of dollars for a basic ticket to walk around the course, watching players tee off or sink a putt (or miss a crucial putt), many craved a refreshing cold beer. However, 'beer-flation' hit the PGA as it costs $18 for a Michelob Ultra and $19 for a Stella Artois.  Pro-golfer Justin Thomas, who [...]
5:40 PM — May 19th 2022
The U.S. trade goods deficit rose to a record high in March, according to a Commerce Department report on April 27, as the value of imports dwarfed that of exports, reflecting skyrocketing inflation. Last month showed solid increases in retail and wholesale inventories, which may somewhat ease the effect of the trade deficit on domestic GDP […]
Surging inflation is still weighing heavily on U.S. small businesses – some 40% of which are planning to increase prices by 10% or more to offset their rising expenses.
The Food and Agriculture Organization of the United Nations reported last week that the international food price index hit an all-time high in February. Food prices are up 24% from one year ago. And it’s only going to get worse. The FAO Food Price Index* (FFPI) averaged 140.7 points in February 2022, up 5.3 points… The post Food Price Index Hits All-Time High in February — Up 24% From One Year Ago — And It’s Going Higher appeared first on The Gateway Pundit .
The prices of products manufactured in the U.S. central Atlantic region rose in January at the fastest annual pace recorded in data that stretches back twenty-five years, according to a survey from the Federal Reserve Bank of Richmond released Tuesday. The Fifth District Survey of Manufacturing Activity found that prices charged by manufacturers for their […] The post Inflation Explodes to Record-Breaking High in Richmond Fed Survey appeared first on Populist Press ©2022 .
A new survey by Goldman Sachs paints a picture of U.S. small businesses struggling under the weight of surging prices, hiring woes, supply chain dislocations, and an Omicron-driven fourth wave of infections. The survey, released on Jan. 24 and based on a poll of 1,466 small businesses, shows that 76 percent of respondents said inflation […]
Supermarkets, restaurants and off-licences are all experiencing shortages of popular wines including burgundy and sauvignon blanc.
Inflation hit a four-decade high in December, forcing Americans to pay steeper prices for everyday items such as groceries and gas, the feds said Wednesday.
"I Told You So" - Larry Summers Gloats About Being Right On Inflation Nearly one year ago, Larry Summers, the esteemed former Clinton advisor, was met with a flurry of attacks from his fellow Democrats after he warned that the new administration's plans to massively expand social spending on top of the massive COVID-inspired stimulus programs would cause inflationary pressures to skyrocket. At the time, the Biden Administration and its allies dismissed Summers' concerns. But as it turns out, Summers' predictions that inflation would run hotter than 5% by the end of 2021 were cons [...]
U.S. consumer prices rose 5.7% over the past year, the fastest pace in 39 years as a surge in inflation battered Americans as the holiday shopping season was getting under way
General Mills informed its retail customers that prices would rise on hundreds of its items throughout dozens of its brands in mid-January, according to a report.
Customers will see the price increase by March 2022, the company said.
The average cost of a classic Thanksgiving feast for 10 rose 14 percent, according to the Farm Bureau. This is the highest cost in the 36 years of Farm Bureau surveys.
Ultimately, inflation is the result of too much money pursuing too few goods. That's what is happening now.
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