The U.S. Federal Reserve’s preferred gauge to track inflation climbed 4.9% in April from the previous year, close to the highest level since 1983.
A key measure of annual inflation that is closely watched by the Federal Reserve continued to run hot in April… The personal consumption expenditures price index, which measures costs that consumers pay for a variety of different items, showed that core prices – which exclude the more volatile measurements of food and energy – soared 4.9% in the year through April, according to the Bureau of Economic Analysis.
That measurement is the Fed’s preferred gauge to track inflation; it marks the 13th consecutive month the gauge has been above the central bank’s target range of 2%. Still, it was slightly below March’s measurement of 5.2%, and is down from the 39-year high of 5.3% that was recorded in February.
n the one-month period between March and April, core prices soared 0.3%, suggesting that prices are leveling off, but are not yet falling. The slowdown in inflation in April largely stemmed from a drop in the price of gasoline and other energy sources. Gas prices soared in March as a result of the Russian invasion of Ukraine, then cooled off slightly in April. Prices have since returned to the highest level on record.
Including food and energy, the inflation gauge jumped 6.3% in April from the previous year, holding steady near last month’s measurement of 6.6%, which was the fastest pace since 1981… The data is further evidence of a spike in prices illustrated by a separate measure – the consumer price index – which showed inflation rose by 8.3% in April from the previous year, which is also near a 40-year high.
MacDailyNews Take: Some records are better left unbroken.
In good news for Apple investors, AAPL shares are up 3.68% (+$5.29) to $149.07 in late session trading.
‘Tis best to get a handle on inflation, if you know how, while you still can. – MacDailyNews, May 11, 2021
Earlier this year, Interactive Brokers founder Thomas Peterffy said, “Inflation is 7% — 1% or 2% [in interest rate hikes] doesn’t mean anything. If they really wanted to stop inflation, they would have to raise rates to 4%, 5%, 6%.”
Inflation is repudiation. — Calvin Coolidge
When a business or an individual spends more than it makes, it goes bankrupt. When government does it, it sends you the bill. And when government does it for 40 years, the bill comes in two ways: higher taxes and inflation. Make no mistake about it, inflation is a tax and not by accident. — Ronald Reagan
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Gee, it’s so shocking that an establishment puppet beholden to China who was installed via 3am drop box stuffing in key Democrat districts in six swing states has no idea what he’s doing.
Get ready for The Reagan Revolution II, rolling across America this November!
Gee, it’s so shocking that an bitter puppet beholden to Drumph who was rightly voted out via court-confirmed election that in a LANDSLIDE has nothing better to do than whine about Democrats. He has no idea what he’s doing.
Get ready for The MDN Summer of FUD, rolling across an obscure corner of the internet while intelligent people move on!
By the way, latest measures indicate inflation is already peaking.
You just keep whining about China on your made-in-China electronics, hypocrite.
Polite response: Not very brite ar yer?
Factual response: You are a fscking idiot
Says someone who doesn’t know what a fact is….
Is there a reason you and your alter ego ruin this site with divisive US political garbage? Stick to Macs.
Corporate profits at a 50 year high.
Which makes a person wonder why this site shills for Apple under a hailstorm of Google ads. Trying so hard to promote dumb consumerism (plus heaping doses of bipolar political/ hate speech) instead of reporting on all the things people are creating with Macs. Forgot the mission, editors?
The mission is the fsck with people like you, traitor
Just two months ago, USDA had egg inflation at 2.5%-3.5% range, year over year.
Now it predicts egg prices increasing by 19.5 to 20.5% (from where those prices are now). More than double the two previous increases COMBINED. Hope you don’t like eating food.
Americans, the most obese society on the planet, hasn’t seen expensive food since WW2. In unfortunate corners of the world, food budgets take upwards of 50% of the family income. So you put that in perspective next time you drive your megatruck past the billboard advertising $5 value meals at the burger palace.
We should be glad prices are skyrocketing? Thankful? Relieved? As long as Americans’ food budget stays under 50% we should consider ourselves lucky? What does that do to middle and lower income America? We should shut up and take it? Maybe we should all sell our megatrucks? Hope that the $5 value meals don’t increase to $10? Is this what we should aspire to? By the way, a dime doesn’t buy a dozen anymore. A dozen dimes doesn’t buy anything, either
Are you saying that inflation and a possible recession is a good way to address obesity? Driving a “megatruck” is, in some way, bad? What do you suggest people drive? Because Americans “haven’t seen expensive food since WW2”, we shouldn’t mind when prices skyrocket? We should be thankful that our food budget “isn’t 50% of the family income”? Is this your logic?
“With costs for ground beef and chicken breasts at all-time highs, consumers have few alternatives to switch to different proteins — so some may skip them entirely.” Michael Hirtzer – Bloomberg Finance
Yep, multiple people driving around with surgical gloves on to vote at 2:00am is totally normal. Nothing to see here
You can vote one star (multiple times), but people still drove around in rubber gloves at 2:00am putting ballots in multiple drop boxes day after day (or is that… night after night?). The same vehicles and individuals were captured by more than one security camera on more than one occaision at more than one drop box. Maybe you are fine with that and, because we live in the land of the free, you are entitled to your opinion. Isn’t that wonderful?! However, some people are more than just a little concerned about it
Just the tip of the ice berg
So, this an obscure corner of the internet? Intelligent people have moved on? Hmmm… you are still here. So, are you… unintelligent?
Science, facts and data don’t move on and your stupid to say it. Heck archaeologist this very day are collecting and processing data from samples millions of years old and ready to work up new theories as new data paints a clearer picture. For you to equate facts, data and truth based on an arbitrary clock that’s less then two years old as a sign of intelligence shows your either stupid of malevolent. The real question is how is it ok for both Al gore and Hillary to claim their elections where stolen and be taken serious but the last election is considered untouchable?
Landslide? 🤣🤣🤣🤣🤣
Courts? You mean most courts by Democrat appointments that refused to HEAR and RULE on 99% of voter fraud cases?
Pity all you have is Democrat talking points you believe with no skepticism or critical thinking.
Yes Firsty, Reagan Revolution II begins November 2022…
You never stop – More BS… I will never stop calling it out
Because you are the BS expert.
What exact BS are you calling out Blue City Joe? Obviously you are incapable of articulating FACTS to support your drive by accusation. Typical, when it comes to Leftists, denigrate and retreat is all they have.
Worthless, you have called out NOTHING…
Trump-appointed judges have shut down all Trump’s accusations of election fraud. Why is this? Why can Guiliani and Trump’s other lawyers claim fraud outside a courtroom but become mute when standing in one? Why was Trump planting the seeds of election fraud prior to the election taking place? Why did Trump fail to say that he would concede if he lost a fair election? Perhaps because he would never concede regardless of the outcome and he was planning a traitorous coup in case he lost. THERE IS NO CREDIBLE EVIDENCE THAT SUFFICIENT FRAUD TOOK PLACE TO OVERTURN THE ELECTION! Consequently, why does GoeB keep blindly following The Big Lie?
“THERE IS NO CREDIBLE EVIDENCE THAT SUFFICIENT FRAUD TOOK PLACE TO OVERTURN THE ELECTION! ”
Partially correct.
The drop box voting FRAUD was so WIDESPREAD all over the country in hundreds of locations it was IMPOSSIBLE to DOCUMENT AN ACCURATE NUMBER TO PROVE IN COURT!!! Not to mention voting stopped in the middle of the night, suitcases pulled from underneath tables full of votes, Republican poll watchers BANNED from monitoring counting and hundreds of filed Election Day complaints that went NOWHERE.
Just yesterday the Supreme Court stopped Pennsylvania state elections office from counting ballots that were improperly filled out and missing information violating the law making them INVALID. Guess which Democrat Court in PA approved counting illegal ballots before the Supreme Court stepped in?
The voting FRAUD was so widespread, it is indeed possible, it was more than enough to STEAL THE ELECTION. We never had drop boxes before, so which party pushed them endlessly with Covid ruse and which party EXPLOITED them? Answer: DEMOCRATS YOU SUPPORT!!!
If you have not watched “2,000 Mules” then you are a non critical thinker led by the nose believing Democrat party lies telling you a PARTIAL story favorable to themselves insatiable thirst for POWER.
Obviously Country Joe SUPPORTS FRADULENT BALLOTS and the Democrat Party DESTROYING FREE and FAIR ELECTIONS.
Oh BTW and worthy of repeating: Worthless, you have called out NOTHING…
Hey First Then, that sounds like a leaf from that nincompoop AppleBS’s playbook. Such traitors need to be put in a transporter accident with Biden much like The Fly.
I was skeptical of 2000 mules, kinda from the camp that there was not enough wide spreed illegal voter fraud to swing the election. But 2000 mules was a jaw dropping documentary that simply plays CTV footage and uses common tracking of cell phone data. The amount of organized corruption is mind blowing. Regardless of party or political affiliation this information is beyond disturbing and apparently they fever to shut down and dialogue about possible voter fraud is telling.
Do yourself a favor watch the documentary with an open mind then do the follow up research to build your own independent point of view.
US politician Ronald Reagan served as the 40th U.S. President 40 years ago from 1981 to 1989. A member of the Republican Party, he began the destruction of worker unions when he fired the air controllers’ union, replacing them with hacks while promoting corporate unions. Inflation during his jovial presidency rose quite high. He kicked out of the hospitals indigents and the feeble, cynically casting them into the street to integrate them into society which led, during the Trump admin., to a huge rise in homeless and indigents sleeping in public doorways and sidewalks and in tents all along the Los Angeles river bike trails which slow Joe is attempting to fix but feebly.
In 1989 Reagan kicked people out of hosptials and they, 35 years later, became homeless in mostly lib run states and cities… under Trump? Now Brandon is trying to fix something from the Reagan era? Are Reagan and Trump repsonsible for the needles, sh-t and all-you-can-shoplift-free-stuff in San FranSICKO, too? Is this your position? There could be no other causes? Are you sure?
Exactly what are Joe and his lefty friends in California and the city of LA doing to fix the homeless problem? How many MILLLION$ they are spending (and have spent) to clean things up? Oh, do tell!
They ain’t doin’ Jack. They just commie a-holes lording’ it up over us. Ain’t nobody got time for thay-yet!!!!
Deleted MDN from my bookmarks two years ago… decided to check and see if anything had changed. Nope, still a toxic Trump shilling shithole.
Doesn’t look like checking back ever again is needed. Not a Mac site anymore… the editors are lost in Q land chasing politics.