Consumer prices surged more than expected over the past 12 months, indicating a worsening outlook for inflation and cementing the likelihood of substantial interest rate hikes this year.
The consumer price index for January, which measures the costs of dozens of everyday consumer goods, rose 7.5% compared with a year ago, the Labor Department reported Thursday.
That compared with Dow Jones estimates of 7.2% for the closely watched inflation gauge. It was the highest reading since February 1982.
Airfare is certainly getting fun again.
I was planning to fly this route on Sunday, 2/27, but I think I’ll fly on Saturday or Monday instead.
These are one-way fares in Goat Class.
A round trip flight to europe for march is cheaper than that on american…
Yep… I’m pricing SAN-LHR for a weekend in May in another tab, and that’s still pretty close. 
Roundtrip:
i ran EWR to MXP the other day. $450 round trip in late march.
International demand is still very soft.
7.5% eh? 
Do the people who come up with these fakatka numbers even do their own grocery shopping, or at least pay attention to their credit card statements?
I dont know how they come up with the 7.5%
everything around me from groceries to housing, restaurants, utilities not to mention the car pricing has easily increased anywhere between 20 to 50% and I am being conservative.
Law of Averages…a 20% rise in CA doesn’t mean every state is 20% (Considering CA has one of the highest min wage payouts)
….But……I was told I can save $.16 on my 4th of July cookout.
Coupons, coupons, COUPONS! haha
Or drive to the next state over and buy it at the lower rates.
Hehe, of course.
My grocery bills are up 20% (SoCal). I don’t go out to eat, and that excludes my coffee addiction which is completely differnt line item on my budget. Hopefully my landlord keeps my rent the same in June when I re-up. Bitcoin, anyone?
“A great introduction to the use of statistics, and a great refresher for anyone who’s well versed in it.”
-Bill Gates
I was searching for something else when I came upon this Washington Post piece from early 2021.
Our understanding of inflation has changed, our ability to control it has improved and the danger is more remote than we once believed. Yet the hawkishness is reflexive — an immutable instinct, no matter what more than a decade of data says.
Pundits and politicians assume a familiar stance born out of a generational way of economic thinking that no longer holds.
https://www.washingtonpost.com/outlook/2021/03/04/inflation-economy-pandemic-stimulus/
This article aged wonderfully.
7 posts were merged into an existing topic: Off Topic Landfill 5
Well, yes, our understanding changed because our measurement changed. At least that’s the Shadowstat logic.
http://www.shadowstats.com/alternate_data/inflation-charts
I’m at the point I just double whatever I hear. Lol
There is direct IAD-AMS for $377 basic and $527 reg economy.
At least it’s worse in Brazil and Turkey.
Note that this is the change in inflation rate and not the inflation rate itself.
This is obviously more than a quarter behind. I haven’t seen anything more recent.
Source: Inflation has risen worldwide recently with U.S. increase among largest | Pew Research Center
