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Re: Consumer prices rose 6.2 percent last month from a year ago.

By: Cactus Flower in ALEA | Recommend this post (0)
Wed, 10 Nov 21 4:32 PM | 14 view(s)
Boardmark this board | The Trust Matrix 		Msg. 43887 of 54959
(This msg. is a reply to 43884 by clo2)
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Covid had an impact as it came in, and it is having an impact on the way out.

Inflation is happening everywhere, not just in the US. But unless the expectation of future inflation over the long run sets in, I think it will calm down over the next 6-12 months.

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The above is a reply to the following message:
Consumer prices rose 6.2 percent last month from a year ago.
By: clo2 in ALEA
Wed, 10 Nov 21 3:50 PM 		Msg. 43884 of 54959

The New York Times

BREAKING NEWS

Inflation sped up in October, dashing Washington's hopes that gains would slow down. Consumer prices rose 6.2 percent last month from a year ago.
Wednesday, November 10, 2021 8:45 AM EST

The surge in consumer prices came as fuel costs picked up, supply chains remained under pressure and rents moved higher — bad news for economic policymakers at the Federal Reserve and for President Biden.

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