Check out the price on these filet mignon from Costco ?. Folks this is the beginning of something very nasty. This is not just your normal inflation, but the beginning of the end of meat consumption as we’ve known it. This meat will no longer be for you. You’ll get fake crap. pic.twitter.com/P5DMy8HalV— Canadian Variant (@KevRolfe) July 8, 2021
Meanwhile in NJ the price of Filet Mignon has doubled ..— Larry (@Lowey99) July 2, 2021
$32.99 / lb
USDA CHOICE pic.twitter.com/P0hMHO5wAZ
New figures released today by the Labor Department show that consumer prices in June rose 0.9% from May and 5.4% over the past year — the sharpest 12-month inflation spike since June 2008.https://t.co/PohzEJb80e— KOMO News (@komonews) July 13, 2021
Inflation Is The Highest Its Been In Nearly 13 Years https://t.co/YQqW6gdCfn— NPR Business (@nprbusiness) July 13, 2021
This is excluding food and energy.
Don’t we love our gas prices and grocery prices these days? I’m reminded of it virtually every single day. This is everything else that has gone up over the past three months.
“Prices for goods and services, excluding food and energy, shot up 0.9% in June on a month-over-month basis, according to the Core Consumer Price Index reading published Tuesday morning.
Why it matters: That’s an uptick from May’s monthly change of 0.7%. Economists were expecting an increase of 0.4%.
Including energy and food prices, the headline CPI figure shows a 0.9% monthly increase, compared to a 0.6% uptick in May.
On a yearly basis, June prices shot up 5.4%, compared to the 5% change in May. …
Uncooked beef and veal prices rose 6.4%. …”
“June’s jump in consumer prices was the biggest year-over-year increase for any month since 2008 — a surprising 5.4%, with used cars and trucks responsible for one-third of the surge.
Why it matters: The White House was counting on fleeting inflation. Now, it’s starting to look like it could last. …”
Isn’t the plan to spend like $4 trillion to $6 trillion more on two separate infrastructure bills without raising taxes?