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Inflation Alert! In July, the purchasing power of $100 in January 2000 dropped to $55.20 (-$.20 from June). Recall, CPI tracks the loss of purchasing power of your dollars & thereby the purchasing power of your hard earned labor. Folks are 2.1% worse off in terms of real value over the past year! August 14, 2023 8:43 am
In June, folks earned a bit more in, spent more, causing PCE, excluding food and energy (the Fed’s barometer for if inflation is still growing) to jump up .2% for the month and 4.1% year-over-year. Still more than DOUBLE the Fed’s target of 2%! July 28, 2023 3:44 pm
The purchasing power of the dollar continues to VANISH! In May, the purchasing power of $100 in January 2000 is now $55.60 (down $.10 from April). Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. June 14, 2023 10:37 pmJune 14, 2023 8:25 am
If your pay hasn’t gone up 15.3% since Brandon was installed, his rampant inflation is eating into your hard earned income June 2, 2023 12:58 am