Thought you've seen inflation? Just wait! Consumer Prices Soar 6.2%

[John6185]

And all of this inflation is going to force close many fast food joints as well as restaurants putting many out of work, food suppliers will cut back, blah, blah, blah and then. the Democrats will step up with borrowed money and send out stimulus checks again to people who need it and those who don't. And we'll be indebted to the party...maybe.

 

[SlugSlinger]

This is unbelievable and more likely reality compared to the bogus .gov reporting numbers on inflation. A 10.2% increase in rent in 1 month! That is 122.4% increase annualized. Folks I hope you are ready to buckle down for a while!




Rents for single-family homes increased 10.2% nationally in September year over year, up from a 2.6% rise in September of last year, according to a new report from CoreLogic.

Improved job growth and sky-high prices in the for-sale housing market added to already strong demand for single-family rentals fueled by the coronavirus pandemic.

While 93% of consumers said they believe owning a home is a good investment, according to a separate CoreLogic report, competition in the buying market is forcing more potential buyers to remain renters.

The single-family market is particularly hot right now, as people want more space and as the huge millennial generation ages into marriage and parenthood.

"Single-family rental vacancy rates remained near 25-year lows in the third quarter of 2021, pushing annual rent growth to double digits in September," said Molly Boesel, principal economist at CoreLogic. "Rent growth should continue to be robust in the near term, especially as the labor market improves and the demand for larger homes continues."

Rent growth is strong in every price tier, but strongest at the very top:

Lower-priced (75% or less than the regional median): 8.3%, up from 2.4% in September 2020Lower-middle priced (75% to 100% of the regional median): 9.3%, up from 2.3% in September 2020Higher-middle priced (100% to 125% of the regional median): 10.5%, up from 2.4% in September 2020Higher-priced (125% or more than the regional median): 11%, up from 2.8% in September 2020
Some markets are hotter than others. Rent growth was strongest in Miami, with a stunning 25.7% year-over-year gain. Miami also has one of the highest median rents in the country.

Miami was followed by Phoenix and Las Vegas at 19.8% and 15.9%, respectively. Those three markets are seeing more growth as tourism finally begins to return following pandemic restrictions. Austin, Texas, and San Diego rounded out the top five markets for rent growth.

On the bottom, Chicago, Boston, Philadelphia, Washington D.C., and the New York City metropolitan area are seeing the lowest rent growth of under 5% from a year ago.

 

[SlugSlinger]

Biden DENIES The Existence Of The Supply Chain Crisis

He is attempting to gaslight the entire nation.

rumble.com

 

[Louro]

Is that guy an *****, or just plain stupido

 

[SlugSlinger]

Probably won't see this in the main stream media. And the dims just voted to increase the debt limit to $31.4T. Then we can add $5T for the dims build back broke bill.​

​

Wholesale Inflation Rose at Record Annual Rate of 9.6% in November​

The report comes as the Federal Reserve meets to consider changes to monetary policy.

The inflation picture does not get any prettier, as the Labor Department reported on Tuesday that producer prices rose at a record pace in November.

The 0.8% monthly increase was above expectations of a 0.5% increase. The 9.6% annual rate of increase was the highest for the series dating back to 2010 and above forecasts for a 9.2% rise.

The reading on wholesale prices follows last week’s measure of consumer inflation that showed prices rose at an annual rate of 6.8% last month, the fastest pace in nearly 40 years.
The PPI was led by increases in prices for iron and steel scrap, as well as gasoline, fresh fruit and vegetables. Prices for goods rose 1.2% last month, while prices of services rose 0.7%.

The Federal Reserve begins a two-day meeting Tuesday where it will consider increasing its announced plan to reduce by $15 billion a month its $120 billion monthly purchases of Treasuries and mortgage-backed securities. The purchases have been part of the Fed’s aggressive approach to fighting the economic effects of the coronavirus.

Most observers expect the central bank to pare its purchases by $30 billion a month but market watchers will also want to hear what Fed Chair Jerome Powell says about the Fed’s latest economic forecasts and expectations for inflation in 2022 and beyond.

“If we look through the so far short lived Omicron dip, admittedly a leap of faith at this point, we are left with the overriding question of inflation and where it is headed,” Ameriprise Chief Market Strategist David Joy wrote Monday. “This is the primary question the Fed will face this week. It has already begun to taper, and Powell has dropped the transitory qualifier”

“And there is every reason to expect that the pace of tapering will be accelerated,” Joy added. “The Fed is being encouraged to complete taper by March, clearing the way for greater flexibility to raise rates as soon as it sees fit.”

Meanwhile, the NFIB Small Business Optimism Index rose 0.2 points in November to 98.4, but a record 59% of small business owners said they had increased their prices last month. That is the highest reading since 1979.

“As the end of the year nears, the outlook for business conditions is not encouraging to small business owners as lawmakers propose additional mandates and tax increases,” said NFIB Chief Economist Bill Dunkelberg. “Owners are also pessimistic as many continue managing challenges like rampant inflation and supply chain disruptions that are impacting their businesses right now.”

 

[Bocephus123]

How could ant Democrat not see this coming and then to try to blame TRUMP i know who im voting for maybe send a few extra in this time like the brothers across the aisle did last election ( Hey We Found Another Truck Load of Ballots.)

 

[SlugSlinger]

The inflation stuff has made me nervous until I heard this and it scares me.

Lumber prices increased 20% in one day, on the 13th I think he says.

 

[SlugSlinger]

Reality setting in?


**** due to language:

- YouTube

Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.

youtube.com

 

[Timmy59]

Here's a example we can relate to, less than $300 2 years ago.

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[2busy]

Here's a example we can relate to, less than $300 2 years ago.

Smith & Wesson M&p15-22 Sport Or - For Sale - New :: Guns.com

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I'd be hard pressed if someone paid me $300 to own one. I just have no love for the AR platform.