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United States Headlines News

Consumer prices rose 5% for the 12 months ending in May, the Labor Department says. That's the sharpest increase in nearly 13 years, as the economy rebounds from the pandemic recession.

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And they should be falling due to technology and automation... FakeInflation

Yeah cause they know them Biden kiddy checks are about to be sent out. The love of money is the root of all evil.

Interesting how ChipotleOfical are claiming a $15 wage is too expensive and are intent on passing that along to their customers. Meanwhile….

I just traded in my 2017 tacoma with 66k miles last month. I bought it in 2017 brand new with all the bells and whistles, for 37k flat. I got 29k for the trade in. They are now selling it for 36,980.

Economy just went through a once in century event why is this headline lacking basic context?

5% my ass....

Demand happening while much of production is still effected will of course lead to price increases. Once the world economy gets back online over the next few years price increases will return to normal

Give workers raises to reflect this.

FramedJoker

That's actually only about 2.5 points above normal. Explains why bond funds are in the toilet. Not even keeping up with inflation.

Supply chain disruption is causing this issue. Once that gets repaired, prices should stabilize or even drop slightly.

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