released Wednesday by the Labor Department, shooting past expectations one day after inflationary concerns led to the stock market’s worst daily performance in months.... [+]The Wednesday figure marks the highest annualized inflation reading since a 4.9% increase in September 2008.
Among goods that saw the largest price increase, the index for used cars and trucks rose a staggering 10% in April from March, marking the largest one-month increase since the Bureau of Labor Statistics started tracking prices in 1953. Overall prices rose 0.8% from March—far higher than the 0.2% economists were expecting, while the core price index, which excludes volatile energy and food prices, rose 3% over the last year—nearly twice the 1.6% figure from March.Last month, surging gasoline prices pushed overall consumer prices up 0.6%, representing their largest jump since August 2012.
Weird it almost like when you pull money out of thin air and give almost every citizen a couple thousand bucks it diminishes the value
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