US consumer prices have seen the fastest increase in almost 40 years-economy
US consumer prices have seen the fastest increase in almost 40 years-economy
The data on the consumer price index (CPI) published on Friday show that prices in the United States rose 6.8 % in the United States compared to 12 months ago. It is the biggest increase in almost forty years, and the US politicians quickly deviate from saying that inflation is temporary.
inflation accelerates in the United States
Inflation is still ugly in America, since the costs for goods and services continue to increase by the end of 2021. On Friday, the Bureau of Labor Statistics, a unity of the US Ministry of Labor, published the Consumer Prize Index (CPI) of the November agency, and the statistics look terrible. Basically, the VPI is a measure of the shopping cart that urban households regularly consume. The key figure rose as strongly than ever for almost forty years and rose by 6.8 %compared to the same period in 2020.
Consumer prices in the United States have experienced the fastest increase in almost forty years. CPI diagram of the Bureau of Labor Statistics via Bloomberg. Of course, economists and analysts around the world had something to say about America's increasing inflation. The journalist and "market crazy" Holger Zschäpitz discussed the latest CPI report of the Bureau of Labor Statistics:
"OUTSCH! US inflation jumps to 6.8% in [November], corresponds to the expectations of the economists", Zschäpitz said . "The measured value has shown the fastest price growth since 1982 when Ronald Reagan was president. Inflation accelerated in autumn because the offer crisis and strong expenses have heated up the price increases."
US budgets have also paid 0.8 % more for consumer goods and services since October, according to the latest CPI report. sven henrich , the founder of nortmantradroder.com told his 323,800 Twitter-Follower "As long as you do not need cars, food or energy 6.8 %. " In a recently Blog entry The market analyst criticizes the Fed chair jerome powell have recorded.
"What a colossal, embarrassing mistake," said Henrich. "Once again a Fed chairman denies reality. As Ben Bernanke explained in 2007 that subprime was contained and there was no threat to the economy, the continuing inflation is suddenly a risk to the economy when it was supposedly not all year round, while the data clearly claimed it." The analyst added:
The Fed not only misunderstood inflation, but also made politics completely wrong in the broader sense, and I find it very confirmed here: You have exaggerated it completely on the liquidity front, as you have printed as crazy into an inflationary environment whose existence denied it.
grant Thornton economy: "This is an inflation that will not be insignificant in the foreseeable future"
Diane Swonk, chief economist at Grant Thornton, recently spoken Post, Rachel Siegel, and said inflation could let up, but this special case could be problematic. "Yes, inflation can let go, but what? Swon stressed. "This is an inflation that will probably not be insignificant in the foreseeable future, and that's a problem."
A long-time critic of the Federal Reserve, Peter Schiff Central bank will only heat the fire more. "Perhaps the reason why investors believe that the Fed can heal the worst inflation in US history by lifting interest rates slightly over zero." [IS] Because you know that even a tiny rate hike will bring the economy into collapse that you assume that it kills inflation. But in reality it will extend his life ", Schiff said on Friday.
What do you think of an increase in US inflation at a pace like since 1982? Let us know your opinion on this topic in the comments below.
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