According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) 報告, 私たち. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists thought May’s CPI data would be the record peak.
US Inflation Continues to Print Perpetual New Highs
Inflation continues to climb higher in America as the CPI numbers for June show another monthly increase. “Over the last 12 月, the all items index increased 9.1 percent before seasonal adjustment,” the Bureau of Labor Statistics 報告 notes. “The increase was broad-based, with the indexes for gasoline, shelter, and food being the largest contributors.” The inflation increase in June was yet another record-setting spike as it rose at the fastest pace since November 1981.
After the CPI report was published, 私たち. president Joe Biden’s administration 対処 the subject. The White House also claimed that the data is already out of date and the CPI report does not reflect “the full impact of nearly 30 days of decreases in gas prices.” In fact, the White House says that “core inflation” has dropped for the third month in a row.
“Importantly, today’s report shows that what economists call annual ‘core inflation’ came down for the third month in a row, and is the first month since last year where the annual ‘core’ inflation rate is below six percent,” Biden’s statement detailed on Wednesday.
According to Bloomberg, the news publication surveyed a number of economists and they expected the CPI data for June to come in at 8.8%. With a massive inflation print, it is now assumed that the U.S. Federal Reserve will have to be “even more aggressive.” In addition to the CPI numbers that came in on Wednesday morning, the day before, the Bureau of Labor Statistics 報告 on an image that had shown “fake” CPI data. The fake CPI number that was seen on social media 言った the CPI data would come in at 10.2%.
Stocks, Gold, and Crypto Markets Shudder After US Inflation Report Published
After the real report was released, the stock market saw significant losses as the Dow Jones Industrial Average shed 400 points. Every major stock index is down and the price of bitcoin (BTC) slipped from the $19,900 region to a July 13 の低 $18,906 ユニットあたり. Precious metals also dropped in value as silver dipped by 0.58%, and gold slid by 0.41% 水曜日に.
Inflation adjusted earnings have been negative during 88% of Biden’s presidency.
Next month, real earnings will be down for a 16th consecutive month: the longest stretch on record pic.twitter.com/JO0v7ju04S
— zerohedge (@zerohedge) 7月 13, 2022
While the real CPI numbers were discussed on Wednesday morning, many people tried to assimilate what the numbers would be without food and gasoline added to the equation. でも, critics of these kinds of statements explained how they were foolish.
“Anyone saying ‘If you remove food and fuel from the CPI, inflation really isn’t that bad,’ try to live without food and gas for a month and let me know how that goes,” Washington Times columnist Tim Young 書きました Twitter上で.
What do you think about the record-setting CPI data that was published on Wednesday? 以下のコメントセクションで、このテーマについてのあなたの考えを教えてください.
画像クレジット: シャッターストック, Pixabay, ウィキ・コモンズ
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