Consumer Price Index Summary - 2022 M06 Results
www.bls.gov

The Consumer Price Index for All Urban Consumers (CPI-U) increased 1.3 percent in June on a seasonally adjusted basis after rising 1.0 percent in May, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 9.1 percent before seasonal adjustment.

It keeps going up. People were talking about peak inflation back in May. Lol.

  • Lymbic_System [none/use name]
    ·
    2 years ago

    Calling it now we gonna get stagflation, the fed can't actually reduce inflation they are actively destroying the economy, they drank the coolaid ideology wise they think rasing intrest rates reduces inflation. :farquaad-point:

    • betelgeuse [comrade/them]
      ·
      2 years ago

      But Reaganomics fixed stagflation. If we gave rich people all the money and did austerity, then it's impossible to get stagflation! Milton Friedman and Thomas Sowell said so!

    • cawsby [he/him]
      ·
      2 years ago

      The fed can cool inflation lickety-split with a ~2% rate hike. This might crash the stock market by 10-15% though.

      So they are going to half ass us into a long run recession.

    • adultswim_antifa [he/him]
      ·
      2 years ago

      If they succeed in reducing inflation by raising interest rates, it'll be by destroying the economy and the inflation will come back if/when the economy recovers. Inadequate output needs investment and that won't be fixed with low demand and high interest rates.