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Prices climbed 7.5% in January up from last year….Inflation…

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THAT IS You spending more for the same damn thing….

The good economy thing don’t a darn thing against prices…..

(Business owners still seeking to get back virus slowdown income)

The hard part?

The Fed raising interest rates that could slow big ticket sales as it seeks to Cool the inflation…

Prices continued their upward march in January, rising by 7.5 percent compared with the same period a year ago, the fastest pace in 40 years.

Inflation was expected to climb relative to last January, when the economy reeled from a winter coronavirus surge with no widespread vaccines. Today’s new high inflation rate reflects all the accumulated price gains, in gasoline and other categories, built up in a tumultuous 2021.

In the shorter term, data released Thursday by the Bureau of Labor Statistics also showed prices rose 0.6 percent in January compared with December, same as the November to December inflation rate, which officials revised upward slightly.

As with previous months, higher prices reached into just about every sector of the economy, leaving households to feel the strain at the deli counter, shopping mall and just about everywhere else.

“I’m worried,” said Diane Swonk, chief economist at Grant Thornton. She expects inflation to begin falling in the next few months but warns that it might be difficult to bring price growth down to pre-pandemic levels…..

…

Compared to 2021, the energy index rose 27 percent, and food rose 7 percent. The cost of food rose in January compared to December, with cereals and baked goods increasing the most. . Fruits and vegetables also edged up.

Several categories posted their largest price increases ever, including frozen and freeze dried prepared foods, cakes, cupcakes and cookies. Prices for vending machines, household furnishings and supplies, tools, household cleaning products, tires, medical services and video and audio services were also costlier than ever….

…

High inflation has left an indelible mark on the economy, including the highest price increases for housing, food and energy that many workers have ever seen. And questions loom about how or whether policymakers will be able to rein prices back in without slowing the recovery or even causing another recession. The answers will have enormous implications for policymakers atthe Federal Reserve and in the Biden administration….

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    • My point…….

      Wouldn’t be surprised if

      Somebody on his his political team is gonna suggest he ‘’cool this’…..

      And the state Democratic people doubling down on a cease fire from Biden

      This unless it’s just Biden himself going of script…..

      • I don’t understand this comment.

        How does Biden “cool this” in regards to inflation?

        And what’s this about a “cease fire?”

        I have no idea what you’re talking about and I doubt anyone else does.

      • That would be “off” script James. And, like everyone else here, I cannot understand what you have written. I think this may be one of the main reasons you have so few people participating in discussions here.

          • James, Maybe you and CG can exchange ideas on how to create a successful blog? From here I sit, you two can learn from each other. Maybe you both can benefit from the other’s experience and suggestions?

            I Hope this was helpful to you both,

  2. I have long given up trying to understand James. He clearly does not make much of an effort to write in a way that at least some people other than Jack will understand. And even Jack struggles often. In some ways, You have to give Jack credit to him for never giving up on trying to understand James.

    • He seems to be getting worse.

      Having read his last comment,apparently he was commenting on something I said in another thread concerning Biden and DeSantis.

      So now, in addition to trying to translate what he’s trying to say one must determine which thread it belongs to.

  3. We really don’t know if James was even replying to you. Sometimes he has replied to me when Ididn’t even say anything.

    I can’t say that bothers me because I don’t can understand him anyway. Maybe he understands what he is trying to say?

    • James seems to take criticism from DSD better that he does from the rest of us.

      Often ,when DSD offers criticism of his mistakes he will “thank” him.

      From the rest of us?Not so much.Indeed he seems to get his back up,won’t admit the mistake and even doubles down on it.

      I think we need to appoint DSD as James’s “keeper.”However since it is a full time job with no financial remuneration I would understand his declining the position.

  4. We don,r Know what James would like. Maybe he is already having secret exchanges with CG on how they both can improve their blogs?

    Or James may prefer that he has numerous “keepers” because he likes the attention? But if James follows DSD’s advice, we will likely all be happy.

  5. Speaking of James, he hasn’t commented in quite a long time for him. Usually, he is the leading poster by a wide margin.

    I assume that James is not up to anything nefarious.

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