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© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.Driven by consumers, U.S. inflation grows more persistent
By CHRISTOPHER RUGABER WASHINGTON©2024 GPlusMedia Inc.
10 Comments
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YeahRight
But, didn't Biden announce that the US had 0% inflation just a couple of weeks ago?
https://www.youtube.com/watch?v=MfA4i-Oy5ak
Idiot.
kurisupisu
Blame the consumer for higher prices?
Of course….
William Bjornson
"Driven by consumers, U.S. inflation grows more persistent"
“It appears that retailers are now raising prices because they can, not because they have to. Consumer demand is still too strong,” said Aneta Markowska, chief economist at Jefferies, an investment bank, in a research note."
So, this contrast would suggest that 'consumers' are 'responsible' because retailers have an opportunity to gouge them? Sounds like the 'logic' of Capitalism to me...
How is 'inflation' fundamentally different from domestic 'currency devaluation'? Workers drag raises out of Corporate but Corporate raises prices to match the raises and the worker gets nothing but a larger number and no significant improvement in their financial situation and then Corporate benefits more as prices continue to rise and, once again falling behind, workers have to drag raises out of their masters while real profits increase in the interim. And the rich get richer and the poor get poorer. What a con game...
Kaerimashita
Mumbai
Seriously? Wholesale prices already up 9% and that will inevitably filter thru to Retail prices.
fxgai
Meanwhile, the BOJ and government here WANT to have 2% inflation.
Who believes that they can control inflation steady at a rate of 2%, from their cushy chairs in their government offices in Tokyo?
The best degree of inflation, is 0% inflation. That is actual price stability. Wanting more than 0% is being for taxation by stealth.
Kaerimashita
Driven by governmet profligacy and money printing actually. consumers are the ones who suffer.
Sven Asai
My personal guess is, all that inflation is kind of artificially made, just in time when the pandas has slowed down significantly. They just grab the opportunity to cash in quickly all the money reserves people have saved when they couldn’t go out, buy or travel so much. The problem is, it currently seems to work , but that’s of course only short time. Then the people are blank again and the real deflationary crisis will flood away whole branches and economies.
Sven Asai
pandemic of course, not pandas. lol
OnTheTrail
With this statement
And the omission of the continued 100's of billions in new US government (future tax payer) spending, I new this was an AP article before getting to the end.
The current administration and the Fed are working at odds on inflation.