Inflation rises to its highest level since 1982
12 January 2022 ❤ 2
Another month, another record-setting increase in prices. Inflation hit a fresh 39-year high in December as a drop in energy costs wasn’t enough to offset a steady march upward for primaries such as food, rent and cars amid stubborn supply-chain bottlenecks and shortage of workers. The consumer price index jumped 7% last year, the fastest pace since 1982, the Labor Department said Wednesday. COVID’s fast-spreading omicron variant likely intensified the price increases by spawning more worker absences in global delivery networks and slowing shipments, says Wells Fargo economist Sam Bullard. That more than erased any easing of demand and prices in COVID-sensitive industries like travel, Bullard says. Excluding volatile food and energy items, so-called core prices rose 5.5% in 2021, a new 30-year high. On a monthly basis, overall consumer prices increased 0.5% December while core prices advanced 0.6%. Economists expect overall inflation to ease in coming as gas and other energy prices continue to pull back as crude oil prices fall. But core inflation is expected to accumulate in the next few months before edging down as the supply snags are ironed out. Last month, energy prices declined for the first time in six months, dipping 0.4%, with gasoline prices falling 0.5%. Pump prices were still up 49.6% the past year. But other costs continued to climb. Hotel rates leaped 23.9% annually. Used car and truck prices rose 3.5% monthly and 37.3% for the year. Prices increased 11.8% annually for new cars, 5.8% for apparel and 6.3% for groceries.. Chicken and fish prices jumped 10.4% and 8.4%, respectively, over the past year after further monthly advances. Beef was up 13% and pork, 15.1%, despite dips last month. The COVID-19 pandemic has been behind the price increases. Many overseas factories are running at half the capacity. Shipping containers are in short supply. And many truck drivers and warehouse workers are still caring for kids at home or fearful of contracting COVID. The rare collision of robust demand and skimpy supplies has triggered widespread product shortages and higher prices.  At his confirmation hearing for a second term Wednesday, Federal Reserve chair Jerome Powell told lawmakers the central bank is prepared to raise interest rates more rapidly than planned to contain inflation. By F. Aslam åˆè¿‡äº†ä¸€ä¸ªæœˆï¼Œä»·æ ¼åˆåˆ›çºªå½•地上涨。 通胀在 12 月创下 39 å¹´æ–°é«˜ï¼Œå› ä¸ºèƒ½æºæˆæœ¬çš„下é™ä¸è¶³ä»¥æŠµæ¶ˆåœ¨é¡½å›ºçš„供应链瓶颈和工人çŸç¼ºçš„æƒ…况下食å“ã€ç§Ÿé‡‘和汽车ç‰åˆçº§äº§å“的稳æ¥ä¸Šæ¶¨ã€‚ ç¾Žå›½åŠ³å·¥éƒ¨å‘¨ä¸‰è¡¨ç¤ºï¼ŒåŽ»å¹´æ¶ˆè´¹è€…ä»·æ ¼æŒ‡æ•°ä¸Šæ¶¨äº† 7%,是自 1982 年以æ¥çš„æœ€å¿«é€Ÿåº¦ã€‚ å¯Œå›½é“¶è¡Œç»æµŽå¦å®¶è¨å§†Â·å¸ƒæ‹‰å¾·ï¼ˆSam Bullard)表示,COVID å¿«é€Ÿä¼ æ’çš„ omicron å˜ä½“å¯èƒ½ä¼šé€šè¿‡åœ¨å…¨çƒäº¤ä»˜ç½‘络ä¸äº§ç”Ÿæ›´å¤šå·¥äººç¼ºå‹¤å’Œå‡ç¼“å‘è´§æ¥åŠ å‰§ä»·æ ¼ä¸Šæ¶¨ã€‚ Bullard 说,这ä¸ä»…抵消了旅游业ç‰å¯¹ COVID æ•æ„Ÿçš„è¡Œä¸šçš„éœ€æ±‚å’Œä»·æ ¼çš„æ”¾ç¼“ã€‚ ä¸åŒ…括波动较大的食å“和能æºé¡¹ç›®ï¼Œæ‰€è°“çš„æ ¸å¿ƒä»·æ ¼åœ¨ 2021 年上涨 5.5%,创 30 年新高。按月计算,12 æœˆæ€»ä½“æ¶ˆè´¹è€…ä»·æ ¼ä¸Šæ¶¨ 0.5%ï¼Œè€Œæ ¸å¿ƒä»·æ ¼ä¸Šæ¶¨ 0.6%。 ç»æµŽå¦å®¶é¢„计,éšç€åŽŸæ²¹ä»·æ ¼ä¸‹è·Œï¼Œå¤©ç„¶æ°”å’Œå…¶ä»–èƒ½æºä»·æ ¼ç»§ç»å›žè½ï¼Œæ•´ä½“é€šèƒ€å°†æ”¾ç¼“ã€‚ä½†é¢„è®¡æ ¸å¿ƒé€šèƒ€å°†åœ¨æœªæ¥å‡ 个月内累积,然åŽéšç€ä¾›åº”é—®é¢˜çš„æ¶ˆé™¤è€Œé€æ¸ä¸‹é™ã€‚ 上个月,能æºä»·æ ¼å…个月æ¥é¦–次下跌,下跌 0.4%ï¼Œæ±½æ²¹ä»·æ ¼ä¸‹è·Œ 0.5%ã€‚åŽ»å¹´æ³µä»·æ ¼ä»ä¸Šæ¶¨äº† 49.6%。 ä½†å…¶ä»–æˆæœ¬ç»§ç»æ”€å‡ã€‚é…’åº—ä»·æ ¼æ¯å¹´è·ƒå‡ 23.9%。二手车和å¡è½¦ä»·æ ¼æ¯æœˆä¸Šæ¶¨ 3.5%,全年上涨 37.3%ã€‚æ–°è½¦ä»·æ ¼æ¯å¹´ä¸Šæ¶¨ 11.8%,æœè£…ä»·æ ¼ä¸Šæ¶¨ 5.8%,æ‚è´§ä»·æ ¼ä¸Šæ¶¨ 6.3%。 åœ¨è¿›ä¸€æ¥æœˆåº¦ä¸Šæ¶¨ä¹‹åŽï¼Œè¿‡åŽ»ä¸€å¹´é¸¡è‚‰å’Œé±¼è‚‰ä»·æ ¼åˆ†åˆ«ä¸Šæ¶¨äº† 10.4% å’Œ 8.4%。尽管上个月有所下跌,但牛肉上涨了 13%,猪肉上涨了 15.1%。 COVID-19 大æµè¡Œä¸€ç›´æ˜¯ä»·æ ¼ä¸Šæ¶¨çš„åŽŸå› ã€‚ è®¸å¤šæµ·å¤–å·¥åŽ‚çš„äº§èƒ½åªæœ‰ä¸€åŠã€‚æµ·è¿é›†è£…箱供ä¸åº”求。许多å¡è½¦å¸æœºå’Œä»“库工人ä»åœ¨å®¶é‡Œç…§é¡¾å©åæˆ–æ‹…å¿ƒæ„ŸæŸ“æ–°å† ç—…æ¯’ã€‚ 强劲的需求和供应ä¸è¶³çš„罕è§ç¢°æ’žå¼•å‘了广泛的产å“çŸç¼ºå’Œä»·æ ¼ä¸Šæ¶¨ã€‚ 在周三的第二任期确认å¬è¯ä¼šä¸Šï¼Œç¾Žè”傍䏻叿°ç½—姆é²å¨å°”å‘Šè¯‰ç«‹æ³•è€…ï¼Œå¤®è¡Œå‡†å¤‡ä»¥æ¯”è®¡åˆ’æ›´å¿«çš„é€Ÿåº¦åŠ æ¯ä»¥é制通胀。

Ten rounds of fierce fighting!
Wow, that sounds intense! I can only imagine the adrenaline and determination that must have fueled those ten rounds. What an incredible display of strength and perseverance.
By Andrew Harris, 28 Dec 24