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General Discussion

speak easy

(9,251 posts) Wed May 12, 2021, 12:59 PM May 2021

1

BLS CPI inflation 4.2% 12 months, 3.2% 14 months.

The headline 4.2% annual inflation rate for April compares today's prices with the economy in full lockdown year ago.

Lockdown temporarily reduced consumer prices in March (-.02) and April (-0.7) 2020.

Compared with February 2020, the CPI is 3.2% higher
(an annual inflation rate of 2.8%)

Source: https://www.bls.gov/cpi/tables/supplemental-files/historical-cpi-u-202104.pdf

6 replies

= new reply since forum marked as read

Highlight:

BLS CPI inflation 4.2% 12 months, 3.2% 14 months. (Original Post) speak easy May 2021 OP

If you adjust to an annual rate, it would be 2.77% compared to Feb. 2020. ( n/t ) Make7 May 2021 #1

Great point! lagomorph777 May 2021 #6

Moscow Mitch just said he met with businessmen and they said inflation was their top concern. Midnight Writer May 2021 #2

And more tax cuts for the rich. lagomorph777 May 2021 #5

Nothing wrong with a 5 percent inflation rate. roamer65 May 2021 #3

Thanks for the clarification. The anti-stimulus machine is in full force. lagomorph777 May 2021 #4

Make7

(8,543 posts)

1. If you adjust to an annual rate, it would be 2.77% compared to Feb. 2020. ( n/t )

Reply to speak easy (Original post)

Wed May 12, 2021, 01:16 PM

May 2021

lagomorph777

(30,613 posts)

6. Great point!

Reply to Make7 (Reply #1)

Wed May 12, 2021, 02:28 PM

May 2021

Midnight Writer

(21,767 posts)

2. Moscow Mitch just said he met with businessmen and they said inflation was their top concern.

Reply to speak easy (Original post)

Wed May 12, 2021, 01:47 PM

May 2021

Second only to people getting unemployment checks.

lagomorph777

(30,613 posts)

5. And more tax cuts for the rich.

Reply to Midnight Writer (Reply #2)

Wed May 12, 2021, 02:27 PM

May 2021

roamer65

(36,745 posts)

3. Nothing wrong with a 5 percent inflation rate.

Reply to speak easy (Original post)

Wed May 12, 2021, 02:18 PM

May 2021

Better than the alternative of a deflationary depression.

lagomorph777

(30,613 posts)

4. Thanks for the clarification. The anti-stimulus machine is in full force.

Reply to speak easy (Original post)

Wed May 12, 2021, 02:27 PM

May 2021

We need to really be on our toes with fact-checking.

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