Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries CPI, commodity charts By: Center of the Universe November 12, 2021 at 11:19 AM EST Quite a few price increases, which the media now calls ‘inflation’ even though inflation is a continuous increase in the price level: The annual inflation rate in the US surged to 6.2% in October of 2021, the highest since November of 1990 and above forecasts of 5.8%. Upward pressure was broad-based, with energy costs recording […] The post CPI, commodity charts appeared first on Mosler Economics / Modern Monetary Theory . Quite a few price increases, which the media now calls ‘inflation’ even though inflation is a continuous increase in the price level:The annual inflation rate in the US surged to 6.2% in October of 2021, the highest since November of 1990 and above forecasts of 5.8%. Upward pressure was broad-based, with energy costs recording the biggest gain (30% vs 24.8% in September), namely gasoline (49.6%). Inflation also increased for shelter (3.5% vs 3.2%); food (5.3% vs 4.6%, the highest since January of 2009), namely food at home (5.4% vs 4.5%); new vehicles (9.8% vs 8.7%); used cars and trucks (26.4% percent vs 24.4%); transportation services (4.5% vs 4.4%); apparel (4.3% vs 3.4%); and medical care services (1.7% vs 0.9%). The monthly rate increased to 0.9% from 0.4% in September, also higher than forecasts of 0.6%, boosted by higher cost of energy, shelter, food, used cars and trucks, and new vehicles. source: U.S. Bureau of Labor StatisticsThe longer term chart show how so far it’s just a one time blip up: Quite a few commodities are also looking like it’s been a one time blip up:Oil prices, however are set by Saudi Arabia working closely with Russia, so at least for the medium term the price is an entirely political decision:https://www.dtnpf.com/agriculture/web/AG/news/world-policy/article/2021/11/08/oil-futures-gain-saudi-osp-hike-usShareThe post CPI, commodity charts appeared first on Mosler Economics / Modern Monetary Theory. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
CPI, commodity charts By: Center of the Universe November 12, 2021 at 11:19 AM EST Quite a few price increases, which the media now calls ‘inflation’ even though inflation is a continuous increase in the price level: The annual inflation rate in the US surged to 6.2% in October of 2021, the highest since November of 1990 and above forecasts of 5.8%. Upward pressure was broad-based, with energy costs recording […] The post CPI, commodity charts appeared first on Mosler Economics / Modern Monetary Theory . Quite a few price increases, which the media now calls ‘inflation’ even though inflation is a continuous increase in the price level:The annual inflation rate in the US surged to 6.2% in October of 2021, the highest since November of 1990 and above forecasts of 5.8%. Upward pressure was broad-based, with energy costs recording the biggest gain (30% vs 24.8% in September), namely gasoline (49.6%). Inflation also increased for shelter (3.5% vs 3.2%); food (5.3% vs 4.6%, the highest since January of 2009), namely food at home (5.4% vs 4.5%); new vehicles (9.8% vs 8.7%); used cars and trucks (26.4% percent vs 24.4%); transportation services (4.5% vs 4.4%); apparel (4.3% vs 3.4%); and medical care services (1.7% vs 0.9%). The monthly rate increased to 0.9% from 0.4% in September, also higher than forecasts of 0.6%, boosted by higher cost of energy, shelter, food, used cars and trucks, and new vehicles. source: U.S. Bureau of Labor StatisticsThe longer term chart show how so far it’s just a one time blip up: Quite a few commodities are also looking like it’s been a one time blip up:Oil prices, however are set by Saudi Arabia working closely with Russia, so at least for the medium term the price is an entirely political decision:https://www.dtnpf.com/agriculture/web/AG/news/world-policy/article/2021/11/08/oil-futures-gain-saudi-osp-hike-usShareThe post CPI, commodity charts appeared first on Mosler Economics / Modern Monetary Theory.