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JohnSJ

(92,526 posts)
Wed Nov 10, 2021, 11:15 AM Nov 2021

The inflation numbers based on the CPI were very high. Highest since 1990. Unfortunately,

this was inevitable with the mishandling of the pandemic, and trump's trade wars

It is reflected the most in food and energy prices, the prices consumers are most effected by

That will be our biggest challenges for the midterns

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The inflation numbers based on the CPI were very high. Highest since 1990. Unfortunately, (Original Post) JohnSJ Nov 2021 OP
Well that's all corporate media gonna cover . . . Lovie777 Nov 2021 #1
Wages go up inflation eats it up. Nobody really doc03 Nov 2021 #2
no doubt about. Interest rates are most likely going to go up, but I am not sure if that will JohnSJ Nov 2021 #4
What was last-year's inflation numbers at this time? Justice matters. Nov 2021 #3
Inflation has to do with purchasing power, and this was the highest increase since 1990 JohnSJ Nov 2021 #5
It is bad IbogaProject Nov 2021 #6
Regardless, that is how it will be painted, and we need to address quickly JohnSJ Nov 2021 #7

Lovie777

(12,407 posts)
1. Well that's all corporate media gonna cover . . .
Wed Nov 10, 2021, 11:21 AM
Nov 2021

If this was under you know who he'll claim fake news . ..

At least President Biden lives in reality and will try to fix this.

P.S. this is global

doc03

(35,454 posts)
2. Wages go up inflation eats it up. Nobody really
Wed Nov 10, 2021, 11:26 AM
Nov 2021

gains. The people on fixed income are the real losers.

JohnSJ

(92,526 posts)
4. no doubt about. Interest rates are most likely going to go up, but I am not sure if that will
Wed Nov 10, 2021, 11:29 AM
Nov 2021

solve this


Justice matters.

(6,955 posts)
3. What was last-year's inflation numbers at this time?
Wed Nov 10, 2021, 11:28 AM
Nov 2021
Overall demand was very low due to lockdowns everywhere.

Consumers stayed home for some time, so when lockdowns ended, overall demand grew.

JohnSJ

(92,526 posts)
5. Inflation has to do with purchasing power, and this was the highest increase since 1990
Wed Nov 10, 2021, 11:37 AM
Nov 2021

It spiked 6.2% in October, from last year and its fastest rate since 1990

While comparing it due to lockdowns may seem unfair, the fact is prices in food and energy are considerably more than they were before the pandemic

IbogaProject

(2,858 posts)
6. It is bad
Wed Nov 10, 2021, 11:37 AM
Nov 2021

There is a rush to restock deleted inventories. That plus the supply chain chaos are rising prices. Also international disruptions from TFG'S tariffs have moved some international supplies away from us. But somehow it is our fault.

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