In the year to June, the Consumer Price Index increased by 9.1%, “the largest 12-month increase since the period ending November 1981.” Back then, the rate was declining from its…
In the year to July, prices rose by 8.5%. This was down from the 9.1% increase in the year to June, but it is a high rate which continues to…
This week I’ve debunked some popular explanations for America’s current bout of inflation and explained what the real cause is: the Federal Reserve’s massive expansion of the money relative to…
Yesterday I looked at popular explanations for America’s current inflationary woes and explained why they weren’t, in fact, its causes. So what did cause it? As I wrote last October,…
In the year to June, the Consumer Price Index rose by 8.5%. What caused this? Let us first eliminate some answers by looking at what didn’t cause this. As I…
In June, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) had risen by 8.6 percent in the year to May. This was “the largest 12-month increase since…
This week, Minnesota Daily reported: The University of Minnesota announced Wednesday via a systemwide email it will increase the student minimum wage to $15 per hour. The change will take…
He superficially understands the “why” but has it all backward on the “what now.” A Pew Research poll last month found that 70% of Americans view inflation as a very big problem…
Two weeks ago, I wrote about how Minnesotans’ per capita Personal Incomes were falling in real terms. The Bureau of Economic Analysis (BEA) released data today for the first quarter…
Writing about the April inflation figures last month, I noted that “gas prices have been ticking up again recently… and this will be reflected in next month’s CPI numbers.” That…
Inflation is at near 40-year highs and a recent poll found that “a quarter of respondents blamed President Biden directly for inflation.” Not surprisingly, with midterms coming up in November,…
What is President Biden’s plan to beat inflation? He tweeted out last week: This was the first time I have encountered the idea that high rates of inflation can be…
The Bureau of Labor Statistics (BLS) released figures for the Consumer Price Index (CPI) in April today. The good news was that the CPI increased by 0.3 percent in April,…
The Bureau of Labor Statistics (BLS) announced last week that, at 8.5 percent from March 2021 to March 2022, inflation was running at its fastest year-on-year rate since December 1981.…
The Bureau of Labor Statistics announced this week that inflation rose by 8.5 percent in the year to March. This is the fastest annual rate of increase since December 1981.…
On Tuesday, the Bureau of Labor Statistics (BLS) announced that inflation was 1.2 percent in March and 8.5 percent over the year (for the Midwest the figures were 1.3 percent and 8.6 percent, respectively).…