Consumer prices surge 5% annually, most since August 2008

[Guard Dad]

Consumer prices surge 5% annually, most since August 2008

U.S. consumer prices increased in May at the fastest annual rate in nearly 13 years.

www.foxbusiness.com

 

[cptlo]

Only 5%?

 

[J-man]

I'm waiting on the price of masks to start dropping.

 

[Guard Dad]

Only 5%?

Yeah, I was thinking that figure is low

 

[Boss 302]

Yeah, I was thinking that figure is low

We may see an adjusted number in a week or so.

 

[honeybunny]

Gee, I wonder why ???

 

[Guard Dad]

Some of our suppliers are telling us to buckle up, this is only the beginning of the hyperinflation.

 

[J-man]

Some of our suppliers are telling us to buckle up, this is only the beginning of the hyperinflation.

I keep waiting for truckload freight costs to subside but so far no luck. Lanes which we regularly moved for $2-$2.50 per mile a year ago are now costing $4/m or more. I’m just hoping customers don’t go belly up leaving the transportations companies holding the bag as most are unsecured contracts and agreements.

 

[Stonewall]

You ain't seen nothing yet.