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Let’s examine the inflation and price changes since 2020. According to the U.S. Bureau of Labor Statistics, prices for all items have increased by 20.23% from 2020 to 2024. On average, this translates to an annual inflation rate of 4.71% during that period1. Specifically, here are some notable …
(Bloomberg) — The US housing market — long crippled by an inventory drought — is finally starting to see listings rise. But now, in many places, the buyers just aren’t showing up. Sellers are grappling with the fact that higher-for-longer …
by confoundedinterest17 Not so Sweet Home Chicago! After unexpectedly slumping last month to 37.9, the Chicago PMI index cratered even more unexpectedly in May, when it defied hopes of a rebound to 41.5, and instead tumbled even more, sliding to a cycle …
A new migrant crisis is brewing in the United States. Unlike the one at the southern border, this one will be all over the country. Evictions are rising rapidly as millions of Americans face soaring rent increases driven by inflation, …
via Mike Shedlock When the price cut headline hit this morning, one might have expected bond yields would drop. Instead, they continued their May trend of higher yields. Walgreens chart courtesy of Stockcharts.Com Walgreens Joins the Price Cutting Parade CNN …
by confoundedinterest17 Housing in the US is simply unaffordable. Home prices in Biden’s America are up 34.5% even though mortgage rates are up 157%. Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest …
Coffee making another run for all-time highs pic.twitter.com/wjNgaIknez — Barchart (@Barchart) May 29, 2024 Back in December – February not a single bank on Wall Street was close to the current market forecasts of just 1 rate cut in 2024 …
Authored by Matthew Lysiak via The Epoch Times (emphasis ours), Beef prices skyrocketed to a new record high this Memorial Day weekend as industry experts warn costs could continue to rise even higher if current regulatory and economic conditions remain unchanged. …
Fast food prices have skyrocketed under the Biden administration, outpacing grocery bills and gas prices, according to Axios. Since before the pandemic, prices have surged by 31%, while average hourly earnings have only climbed 25%. It’s the cost of living …
California’s gas tax will increase by 2 cents starting July 1, according to a recent notice by the California Department of Tax and Fee Administration. This comes as prices have already been on the rise. Sign up for our Newsletters …
1) Austin's housing market is a cautionary tale about what can happen in "boomtowns". Everyone moves in. The prices surge. Builders start pulling too many permits. And then, sooner than you know, the market flips. And inventory gets dumped onto …
In a stunning turn, what was once a quick, affordable meal has transformed into a financial luxury for most Americans. Key List: 78% view fast food as a luxury due to high prices 62% eating fast food less often because …
Target and Aldi have recently announced big price cut campaigns Walmart and Kroger have improved their own-label offerings Think Target – which this morning reported another drop in its sales – and other supermarkets are lowering grocery prices just to …
by confoundedinterest17 You know “Green Joe” is desperate for re-election when he approves the release of 1 million barrels of gasoline from the Northeast Reserve in an attempt to lower gasoline prices. Jennifer Granholm, US energy Overlord, said it is to …
BEIJING – China’s home prices fell at a faster pace in April, underscoring why the government is stepping up efforts to tackle the years-long property crisis. New-home prices in 70 cities, excluding state-subsidised housing, slid 0.58 per cent from March, …
China 🇨🇳 is trading Silver near $35.25 a Troy ounce today. pic.twitter.com/Y1egW53MYx — Peter Spina ⚒ GoldSeek | SilverSeek (@goldseek) May 20, 2024 if it trades “limit up”, it means it has hit the level the exchange stops trading — …
Copper prices surge to an unprecedented high of $5.08 per pound, marking a staggering 30% increase year-to-date and fueling concerns of rampant inflation. This new record surpasses the previous peak observed in March 2022, coinciding with the fastest inflation rate …
Average monthly prices for regular-grade retail gasoline in the U.S. could increase by more than $0.10/gal if refinery output is lower than expected, according to an analysis published by the U.S. Energy Information Administration (EIA). In the EIA’s May Short-Term Energy …
China and India are stockpiling copper supply way above trend… pic.twitter.com/qlkTfgItxF — Jason Burack (@JasonEBurack) May 14, 2024 Marie Antoinette (I mean Jay Powell): "Inflation is re-accelerating, but at least immigration is preventing wages from keeping up with inflation. Let …
by confoundedinterest17 Will The Fed keep on printing?? Ahead of tomorrow’s CPI, traders are eyeing this morning’s Producer Prices for any hints that the disinflation trend will return…or not. The answer is “not!” April Producer Prices rose 0.5% MoM (vs …
via Mike Shedlock Rents were not falling as reported recently by Apartment List. Nor are Apt List estimates correct now. Let’s discuss what’s really happening and why Truflation is wrong as well. Data courtesy of Apartment List, chart by Mish …
#recession … #GFC2 China #Consumer edition https://t.co/LFlIfgMRwb pic.twitter.com/NkpL5pBgUd — Invariant Perspective (@InvariantPersp1) May 11, 2024 🇨🇳 #China Consumer #Inflation Rises, Factory Price Drop Continues – Bloomberghttps://t.co/V5KF35Tuil pic.twitter.com/7GT29WWWIZ — Christophe Barraud🛢🐳 (@C_Barraud) May 11, 2024 China’s consumer inflation quickened in April, …
Today Bank of Canada warned the public of a possible sharp correction in asset prices & systemic risk to the banking system 🤪pic.twitter.com/cKJPDeZ1X0 https://t.co/l7L3hjeD46 — Financelot (@FinanceLancelot) May 10, 2024 The Bank of Canada Governor called Trudeau's $61 billion spending …
President Biden Is Ready to Use the SPR Again If Needed. President Biden will use crude oil from the strategic petroleum reserve should the need arise, energy adviser Amos Hochstein has said, noting there was enough oil in the reserve. …
By Mish Shedlock of MishTalk The lie of the day is from the EPA: Carbon capture will pay for itself (thanks to IRA subsidies). No, it won’t even with subsidies. Expect blackouts and a higher price for electricity. Suite of Standards to …
Gas prices under last 4 presidents Bush, Obama, Trump and Biden. pic.twitter.com/ktrf1JPCLv — Citizen Free Press (@CitizenFreePres) April 17, 2024
Fast food menu prices purportedly outpace inflation since 2014, but skepticism arises due to perceived inaccuracies in CPI data manipulation. Affordability strains are evident, with a significant portion of Americans sacrificing meals, vacations, and medical treatments to meet housing costs. …
