Surging prices: Key inflation metric just hit a 29-year high

CNN2021-05-31

New York (CNN Business)Inflation seems unstoppable as the economy returns to normal. People are spending big again, with battered industries like travel and hospitality coming back to life. That has ...

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精彩评论

HH浩
2021-05-31
HH浩
Will it come down after half a year?
- Potato3:
  Based on current situation with “shortages” ; apparently will be challenging.
CHOOTC
2021-05-31
CHOOTC
🤔
- YYLSG:
  true...not sure when yet
zeeling
2021-05-31
zeeling
Cool
- Seward:
  Great
YYLSG
2021-05-31
YYLSG
😓inflation issue back....
- CHOOTC:
  ya too bad....but I don't thing is now....
Seward
2021-05-31
Seward
Great
- zeeling:
  Cool
sunnylimbs
2021-05-31
sunnylimbs
Please like & comment
- MoneyCub:
  Hi
- Seward:
  Great
- sunnylimbs:
  good

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That has ...</p>\n\n<a href=\"https://edition.cnn.com/2021/05/28/economy/inflation-surge-april/index.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://edition.cnn.com/2021/05/28/economy/inflation-surge-april/index.html","article_id":"1149922926","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1149922926","pubTimestamp":1622419790,"sourceInfo":null,"weMediaInfo":null,"summary":"New York (CNN Business)Inflation seems unstoppable as the economy returns to normal.\nPeople are spen","collect":0,"end_time":0,"defaultTopTitle":"cnn.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"物价飙升：主要通胀指标刚刚创下29年来新高","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"New York (CNN Business)Inflation seems unstoppable as the economy returns to normal.\nPeople are spending big again, with battered industries like travel and hospitality coming back to life. That has sent prices surging.\nA key measure of inflation, after stripping out more volatile food and energy prices, jumped to a 29-year high in April. The Bureau of Economic Analysis' price index tracking US consumer spending rose 3.6% in the year ending April, its biggest jump since September 2008 -- the height of the financial crisis. Excluding food and energy prices, the index gained 3.1%, the biggest increase since July 1992.\nInflation has been the boogeyman overshadowing the recovery.\nSome economists are concerned that extreme price increases could keep consumers from spending, and investors worry that a prolonged inflation spike could force the end of the Federal Reserve's easy money policies.\nPrice increases are showing no signs of letting up. The University of Michigan's May consumer sentiment survey found that \"record proportions of consumers reported higher prices across a wide range of discretionary purchases, including homes, vehicles, and household durables,\" according to the survey's chief economist, Richard Curtin.\nThe consumer sentiment index dipped slightly in May but was in line with expectations.\nBut while further price increases are likely, steep price drops during the worst of the pandemic last spring make for a tough comparison. In the coming months, the year-over-year price comparisons will come more into parity, helping inflation look less dramatic.\nThat's why the Fed has said inflation will be temporary.\n\"We expect most Fed officials to stick to the line that inflation pressures are expected to be 'transitory' or 'transient',\" said Ian Shepherdson, chief economist at Pantheon Macroeconomics.\nThere's likely little wiggle room to the Fed's line of reasoning unless core inflation pressures stay or wage inflation starts going up.\nWhile prices rose, American incomes took a nosedive in April.\nThat wasn't too surprising because the effect of the last round of stimulus checks has waned. But even with a whopping 13.1% drop, incomes actually declined less than economists had predicted. 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","text":"Based on current situation with “shortages” ; apparently will be challenging. ","html":"Based on current situation with “shortages” ; apparently will be challenging. 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issue back....","listText":"😓inflation issue back....","text":"😓inflation issue back....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/110989428","repostId":1149922926,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4511864,"gmtCreate":1622421755449,"gmtModify":1635394137192,"authorId":3567209681027469,"author":{"id":3567209681027469,"idStr":"3567209681027469","authorId":3567209681027469,"name":"CHOOTC","avatar":"https://static.tigerbbs.com/a825ae81d7f171dbbad58815b5ddda79","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":110989428,"type":1,"supId":0,"prevId":0,"content":"ya too bad....but I don't thing is now....","text":"ya too bad....but I don't thing is now....","html":"ya too bad....but I don't thing is 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