Why Is Everything I Consume Going Up By >10% When The Inflation Rate Is “Only” 6.3% YoY? (Under Biden, Gasoline Is UP 55%, Foodstuffs UP 47%, Electricity UP 957%, Rents UP 12.5% YoY)

Sharing is Caring!

by confoundedinterest17

According to the BLS, US core inflation is 6.3% and headline inflation is 8.3% YoY. But everything I consume seems to be going up at a much faster rate?

Under Biden, regular gasoline price is UP 55%, CRB Foodstuffs UP 47%, rents UP 12.5% YoY and electricity is UP 957%.

And as The Fed continues to signal monetary tightening, the spread between 30Y FNCL Par Coupon and the 10-year Treasury yield keeps growing.

In case you watched the Buffalo Bills play the Miami Dolphins yesterday, you may remember this punt by the Dolphins. It almost perfectly represents what The Federal Reserve and Biden Administration are doing to the American middle class and low-wage workers.

See also  Drivers To See Highest Thanksgiving Gasoline Prices Ever While Diesel-To-Gasoline Spread Soars (Food Prices UP 49% Under Biden, Diesel Prices UP 102%)

 

Trending:
See also  Bursting housing bubbles are going to vaporize trillions in fake wealth created by central bank confetti-money. 2008 redux, but this time the central banks have blown their wads with 14 years of "emergency measures."

Views: 59

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.