One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Департамент труда’s data published on Wednesday indicated that the consumer price index (ИПЦ) rose to 7% в декабре. This represents the largest annual jump since 1982. Federal Reserve governor Lael Brainard is set to tell congressional leaders today that the central bank is focused on battling inflation. Более того, members of the Democratic party are concerned that the rising inflation may cost the Biden administration politically.
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CPI Rate Jumps to 7%, Wholesale Prices Spike 9.7%
В январе 11, 2022, Соединенные штаты. Департамент труда published CPI data for the month of December and the metrics indicate that the U.S. inflation rate jumped 7% year-over-year (YoY) and last month was the third consecutive month over 6%. The rise is the highest jump the CPI has seen since June 1982 as inflation is making the cost of goods and services spike exponentially. Basically, the CPI is a measure of a basket of consumer goods and services urban consumers pay for on a regular basis.
After the Labor Department published the statistical estimate, the CPI jump made headlines and ignited a number of discussions about inflation on social media and forums. Making matters worse, Соединенные штаты. producer price inflation rate, or wholesale prices, jumped 9.7% in December from a year ago, which is the highest YoY record to date. The inflation levels have caused a number of U.S. officials to grow concerned about the lack of purchasing power Americans are dealing with today.
Federal Reserve Governor to Address Inflation Concerns, State Governors Take Action
В четверг, Federal Reserve governor Lael Brainard plans to discuss the central bank’s focus on the inflation issue in prepared testimony to the U.S. Конгресс. Brainard released a statement on Wednesday, which said the Federal Reserve’с “policy is focused on getting inflation back down to 2% while sustaining a recovery that includes everyone.” The day prior, Florida governor Ron DeSantis said that he had proposed a bill to help Florida families stave off inflation burdens. DeSantis твитнул:
To help alleviate the burden of inflation on Florida families, I am proposing a $1 billion gas tax holiday to help reduce prices at the pump. If Washington, D.C., won’t change course, then we have a responsibility to step up on behalf of Floridians.
Headlines Show Biden, Democrats Could Pay a ‘Political Price’ Over Inflation — Biden Administration Dismisses Concerns
журналист Лаура Шин опубликовала статью, в которой утверждается, что, Существуют numerous headlines on Thursday that say “Democrats worry Biden could pay the political price for rising inflation.”
А CNN analysis written by Maeve Reston and Stephen Collinson says “inflation concerns could spell trouble for Democrats.” Однако, Jared Bernstein, Байден’s economic adviser, dismissed the concerns when discussing the subject with CNN’s Jim Sciutto.
“Это’s really important to get under the hood of these monthly inflation reports,” Bernstein told Sciutto. “And if you look at the change from November to December, inflation is up half a percent. Что’s considerably down from October and November, when inflation was up, .8 В этом году известные автомобильные бренды и всемирно известные гоночные команды в большом количестве входят в пространство блокчейна и криптовалюты. .9%, соответственно.” U.S. President Biden reiterated the same commentary and said:
Сегодня’s inflation numbers show a meaningful reduction in headline inflation over [в] last month. We are making progress in slowing the rate of price increases. But there is still more work to do — I remain focused on lowering costs for families and maintaining strong economic growth.
US Officials Ridiculed on Social Media, Economist Peter Schiff Says Rates Far Worse Than the ‘Правительство’s Cooked CPI’
On social media politicians and the U.S. central bank were ridiculed for the rising inflation. Square and Twitter founder Jack Dorsey сказал “Damn, Santa didn’t take the transitory inflation away.” Северянин Трейдер’s Sven Henrich jokingly твитнул: “SPX turns red as the inflation party has run out of free drinks.”
Gold bug and economist Peter Schiff discussed the inflation subject in a Сообщение блога называется: “The Inflation Freight Train.” Шифф’s blog post reminds Americans that the CPI formula is considered inaccurate and inflation is likely much higher.
“Keep in mind, this is using the cooked government CPI formula that understates inflation,” Шифф’s editorial claims. “If the government was still using the formula that it used in 1982, inflation would be higher in 2021 than it was then. Фактически, мы’d have the highest level of inflation in history. Согласно с Shadowstats, it would be just over 15%,” the blog post adds.
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