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Thread: A key U.S. inflation gauge rose 3.1% year over year, higher than expected

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    A key U.S. inflation gauge rose 3.1% year over year, higher than expected

    Another indicator that what I have been posting about inflation- that it is rising, is true. Remember, about 63% of Americans live paycheck to paycheck. They can't afford inflation.


    A key U.S. inflation gauge rose 3.1% year over year, higher than expected

    A key inflation indicator rose a faster-than-expected 3.1% in April as price pressures built in the rapidly expanding U.S. economy, the Commerce Department reported Friday.

    The core personal consumption expenditures index was forecast to increase 2.9% after rising 1.9% in March. Federal Reserve officials consider the measure to be the best gauge for inflation, though they watch a number of metrics.




    As part of its price stability mandate, the Fed considers 2% to be healthy, though it is committed to letting the level average higher than usual in the interest of promoting full employment.


    The index captures price movements across a variety of goods and services and is generally considered a wider-ranging measure for inflation as it captures changes in consumer behavior and has a broader scope than the Labor Department’s consumer price index. The CPI accelerated 4.2% in April.


    Over the past month, core PCE rose 0.7 %, also quicker than the expected 0.6%.


    Including volatile food and energy prices, the headline PCE index jumped 3.6% year over year and 0.6% from March.


    That increase in inflation came with a sharp deceleration in personal income, which declined 13.1%. But that actually was less than the 14% estimate. Personal income had surged 20.9% in March following the latest round of government stimulus checks.
    Read the rest of the article at the link.
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  2. The Following 3 Users Say Thank You to Peter1469 For This Useful Post:

    Collateral Damage (05-28-2021),Just AnotherPerson (05-28-2021),MMC (05-28-2021)

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    History does not long Entrust the care of Freedom, to the Weak or Timid!!!!! Dwight D. Eisenhower ~

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    Waiting for those who feel FMW should keep up with inflation..... who is the winner?

    The tax man.....
    "I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations." -- James Madison

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    carolina73's Avatar Senior Member
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    Everyone knows the inflation number is a lie.

    It is under Biden and was under Trump, Bush, Clinton because of the use of New Product Bias adjustments. A team of government officials decide that a product that does nothing new for you has increased value. Government loves the lower interest rates because it keeps interest rates & borrowing costs lower, reduces COLAS and increases to employees and creates illusions that government is controlling prices.

    3.1% inflation is a dramatic understatement.

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    MMC (05-28-2021),Peter1469 (05-28-2021)

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