Should be able to see them here: https://www.bls.gov/news.release/cpi.nr0.htm
We'll see how hard they're going to push the "wages have to come down right now" thing.
1% in May vs 0.3% in April lol. lmao.
Should be able to see them here: https://www.bls.gov/news.release/cpi.nr0.htm
We'll see how hard they're going to push the "wages have to come down right now" thing.
1% in May vs 0.3% in April lol. lmao.
hard to do with food, oil, and rent.
It's a term that is used mostly for gas. There's a point where the only thing people are going to do is commute or essentials. With food they will start buying pff brand.
that's already happened - I posted a thread a few days ago about families skipping meals. 65+% are already trying to buy cheaper food. people are looking at their commutes and wondering if they make enough to balance out the price of gas it takes to get to work. consumer debt is at all time highs as people try to pay for the increases in essentials, savings account balances are at all-time lows, and non-essential spending seems to have plummeted YTD. and prices are still going up because the actual issue is a supply-side shortage and it's driven by the plummeting rate of profit - businesses need goods that they can hand to laborers to produce commodities for sale. as the prices of those inputs goes up, sustaining profits means raising prices. when demand drops, prices can't follow them because the fixed costs of production have risen too far - businesses must find other places to cut costs, including layoffs. this is stagflation - total value produced drops even as prices continue to rise.