If you believe it's transitory, I have a bridge in Brooklyn to sell to you. pic.twitter.com/kfE0ZC34hK
— Ben Rickert (@Ben__Rickert) January 26, 2022
Breakdown of CPI #inflation component increases from @pewresearch shows that gas prices have risen most … used cars and rentals right behind with solid double-digit gains
@BLS_gov pic.twitter.com/hr2pzna6yg— Liz Ann Sonders (@LizAnnSonders) January 26, 2022
This is going to impact the consumer spending pic.twitter.com/8542MjyheB
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) January 26, 2022
Inflation Explodes to Record-Breaking High
The prices of products manufactured in the U.S. central Atlantic region rose in January at the fastest annual pace recorded in data that stretches back twenty-five years, according to a survey from the Federal Reserve Bank of Richmond released Tuesday.
The Fifth District Survey of Manufacturing Activity found that prices charged by manufacturers for their goods were up 11.27 percent compared with a year ago, the biggest year-over-year surge of inflation on record in survey data going back to 1997.
The prices paid for materials and components used to manufacture products also jumped at a record pace, soaring 14.3 percent. That is also the highest ever inflation reading recorded in the survey.
Both measures show inflation re-accelerating in January. In December, the prices received gauge showed 8.26 percent inflation and …
Inflation is a "hidden tax" that continually robs us all of our wealth.
— conspiracybot (@conspiracyb0t) January 26, 2022