Gregory Daco, chief economist at Ernst and Young, shares where Americans are seeing the biggest impacts and if there is an end in sight.
32 thoughts on “Inflation causing prices to rise nearly 7.5% since last year”
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Sad fact is, its pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can't afford to feed their families, things might get ugly.
Apparently everybody is forgetting that many businesses had to increase salaries during the pandemic to get people to work for them. So of course the consumer is going to have to pay for the increase of labor cost.
"Blame Biden for inflation" should be the real title.
"Blame Biden for inflation" should be the real title.
Can’t say we weren’t warned. Almost every credible economist and financial guru outside of politics, told us a year ago this was going to happen.
Can’t say we weren’t warned. Almost every credible economist and financial guru outside of politics, told us a year ago this was going to happen.
Sad fact is, its pretty obvious we are headed for hyperinflation. I think stores better have tight security because when people can't afford to feed their families, things might get ugly.
<<$160,000 just in two weeks Adams Owen you are so amazing.
It's another time to set a goal for the year, one need to set goals and take bold steps in achieving them. Remember success is not obtained overnight, you have to stop procrastinating and try what you have always wanted to improve in you're life and well being. Investment will take you closer to your dreams.
Can’t say we weren’t warned. Almost every credible economist and financial guru outside of politics, told us a year ago this was going to happen.
This is Biden's "Build Back Better" let's go Brandon!
This is Biden's "Build Back Better" let's go Brandon!
If this were just happening in the USA it would be because of domestic policy. But this is happening globally. Food prices are up 30% around the world. The price of oil is up all over the world. Production hasn't kept up with demand as the world emerges of the first global trade travel and economic shutdown in human history. It's easier to cool a hot economy than trying to resuscitate a dead one.
Does this mean prices of what Hunter consumes have also gone up?
"Blame Biden for inflation" should be the real title.
Can’t say we weren’t warned. Almost every credible economist and financial guru outside of politics, told us a year ago this was going to happen.
"Call on the Lord in the day of trouble,
and he will deliver you"
– Psalm 50 : 15
The word "inflation " in the title should be replaced with "GREED" !
I think 7.5% is very optimistic
Thank you joe your doing such s great job
OUCH
BULL every company reporting in future says they are raising prices stop the nonsense or we will hear transitory from you 🤡.🤪🤪🤬🤬🤯🤯🌋🌋🌋🥴🥴
Wow, you have a chief economist on ABC to talk about what's happening with inflation, but you don't ask how we got here? What's causing the information? This is crappy and unprofessional reporting.
Let's go Brandon
Maybe we should have more lockdowns. Perhaps destroy a few billion more tons of perishable food. Anything it takes to avoid a disease with a 99% recovery rate. Even if it means economic collapse and starvation. This is the way.
The middle class and poor people are being crushed by inflation. Free money has been handed out. Remember your house did not increase in value last year by 20%. Your dollar decreased in value by 20%. When money given has no backing (i.e., an hour worked, a product made) something, anything created, that dollar is worthless. The Fed has been pumping trillions of dollars into the economy since the 1999 stock market crash, and then they wonder why inflation is up.
Apparently everybody is forgetting that many businesses had to increase salaries during the pandemic to get people to work for them. So of course the consumer is going to have to pay for the increase of labor cost.
Comments are all A.I. bots
That sounds great ♥️♥️♥️
💟💟💟💟✅
Can’t say we weren’t warned. Almost every credible economist and financial guru outside of politics, told us a year ago this was going to happen.
Sleepy China Joe and the idiot Democrats doing a fantastic job so far👍
Fighting 7.5% inflation (more like 15%) with a 1% Fed funds interest rate is like stopping a forest fire with a bucket of water. Folks prepare accordingly. Make investment in other not to depend on the government for funds