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Consumer prices hit 13-year-high in U.S. as inflation worsens

October 25, 2021 -

Crossmark Global Investments Chief Investment Officer Bob Doll told CNBC: “Hopefully, we start solving our supply shortage problem. But when the dust settles, inflation is not going back to zero to 2 [percent] where it was for the last decade.”

The core inflation rate, however, met economists’ expectations, registering a 4 percent rise. This rate eliminates the volatile energy and food sectors.

In the last year, energy prices have climbed by 24.8 percent, while ...

Core inflation still running HOT with consumer prices up 4% despite Fed manipulation

June 15, 2023 -

The Labor Department announced this week that the consumer price index (CPI), which measures what consumers pay for goods and services, rose four percent last month compared to the same month a year prior.

Compared with March, the CPI jumped 0.1 percent last month while core CPI, which excludes food and energy prices, increased 5.3 percent on a 12-month basis. Compared to a month earlier, core prices increased by 0.4 percent.

These latest figures align with what ...

Germany falls into RECESSION amid high energy prices and drop in consumer spending

June 02, 2023 -

During the first quarter of the year, the company’s GDP dropped by 0.3 percent, following a contraction of 0.5 percent during the last quarter of 2022. This meant Germany met the definition of a recession, which is two successive quarters of economic contraction.

The economic downturn in Germany saw household final consumption expenditure drop 1.2 percent during the first quarter of the year, and higher energy prices are one of the main driving factors. Although energy ...

Consumer prices continue to soar as US battles worst inflation in 41 years

July 15, 2022 -

If this continues, Americans will see an economic collapse on the way.

The Consumer Price Index (CPI) soared 9.1 percent year-over-year compared to the 8.8 percent and 8.6 percent in previous months. The 1.3 percent month-on-month rise is the steepest since 2005 and the 9.1 percent year-over-year is the highest since 1981.

Moreover, real commodity prices show that it is actually much higher than 9.1 percent, showing that the economy is actually in big trouble.

Goods ...

California energy prices soaring due to “green” disaster

a month ago -

Last year, residential electricity prices in California rose by 3 cents per kilowatt-hour, representing an increase of 11.9 percent. The average homeowner in California resultingly pays 28.9 cents per kilowatt-hour for electricity, making California the third-most expensive state for electricity in the United States behind Connecticut and Hawaii.

While a 3 cent per kilowatt-hour increase may not sound like much to some, it is only the beginning of California's energy woes....

Consumer Reports: PLASTICS CHEMICALS are present in many popular foods

January 31, 2024 -

The organization examined 85 food items for plastic chemicals such as phthalates and bisphenols – with the endocrine disruptor bisphenol A (BPA) as one example of the latter. It found that 79 percent of foods tested – roughly four in five – contained bisphenols. Meanwhile, almost 99 percent of food items tested contained phthalates.

CR tested a variety of food items including "prepared meals; fruits and vegetables; milk and other dairy products; baby food; fast food; ...

Germany’s electricity prices DOUBLE as “green” nightmare kicks in

January 23, 2024 -

"Consumers who heat with electricity and live in E.ON's basic supply area have so far been able to benefit from relatively low prices for the basic heating electricity supply despite the energy crisis. But that will soon be over," said the North Rhine-Westphalia (NRW) consumer advice center. The notice period is two weeks after the firm has been provided with existing customers in the Alternative Tariff Offer.

NRW also gave important tips for those who wanted to leave....

Biden declares inflation “over,” orders companies to lower prices

December 01, 2023 -

Prices are artificially high right now, Biden says, because companies are still holding onto the idea of inflation. Because inflation rates have slowed and some shipping costs have fallen, Biden wants companies to lower their prices immediately so Americans can afford to buy more.

"Any corporation that has not brought their prices back down, even as inflation has come down, even as the supply chains have been rebuilt, it's time to stop the price-gouging," Biden said ...

Walmart stock plummets amid corporate warning that consumer spending is slipping

November 22, 2023 -

Walmart reported earnings that generally beat on revenue and earnings, but Wall Street was expecting more, which sent the company's stock tumbling. Discretionary purchases are down in general, which is also affecting rival Target as well as Home Depot.

While most of the numbers met or barely met expectations, it was Walmart's guidance that disappointed investors. Though Walmart slightly raised its guidance, it still failed to meet consensus estimates, especially due ...

Oil prices could double as Red Sea attacks continue, experts warn

January 11, 2024 -

The Houthis have been enacting what amounts to a blockade of shipping through the Red Sea and conducting ongoing attacks on cargos in response to Israel’s war against Hamas. As the hostilities in the Middle East continue to rise, the Yemen-based militants have been ramping up their attacks on vessels that could be linked to Israel in what they claim is a show of solidarity with Palestinians.

Goldman Sachs’ head of oil research, Daan Struyven, said in an interview on ...

GREEDFLATION: Study finds corporate profiteering significantly boosted global prices in 2022

December 12, 2023 -

The study by the Institute for Public Policy Research (IPPR) and Common Wealth think tanks looked at 1,350 companies listed on stock exchanges in the U.K., U.S., Brazil and South Africa. It found that major companies in the food, mining, oil and gas, technology, telecommunications and banking sectors leveraged their market power to implement substantial price hikes. This, in turn, ensured that their companies made "super profits."

"Such companies have been able to protect ...

Oil prices surge following large-scale clashes between Israel and Palestine

October 11, 2023 -

The amount of conflict between Israel and Palestine has reached a level not seen in months, and traders have responded by bringing up the price of oil by as much as five percent over the weekend of Oct. 6 to 8, with prices only stabilizing on Monday, Oct. 9. (Related: Israel-Palestine war causes GOLD PRICES to RALLY as demand for safe haven investment increases amid chaos.)

"An attack on Israel by Hamas may push the region to war, increasing geopolitical risk bid into ...

GREEDFLATION: Walmart prepares to increase prices despite reporting 7.33% profit growth

July 11, 2023 -

Walmart has been warning for months now that inflation in the United States may force the company to raise its prices. Walmart Chief Financial Officer John David Rainer said the corporation is "still feeling the effects of higher prices" caused by inflation. (Related: Wealthy shoppers now embracing discount stores amid worsening FOOD INFLATION.)

Rainey also refused to provide any information on which items might be marked up in the coming months, only noting that the shopping ...

GREEDFLATION: McDonald’s, PepsiCo raising prices beyond inflation to generate bigger profits

June 01, 2023 -

These price increases are ongoing. Many companies do not plan to change course and will continue increasing prices or keeping them at elevated levels even as some executives are warning that shoppers may become reluctant to spend at outlets that do not stabilize their prices. (Related: Inflation remains a problem for middle- and lower-income Americans as Biden's Federal Reserve keeps raising interest rates.)

PepsiCo, the New York-based food giant that owns everything from ...

EVs have 79% more reliability problems than gas vehicles, according to Consumer Reports

December 08, 2023 -

Plug-in hybrids fared even worse, registering 146 percent more problems than vehicles with traditional internal combustion engines.

According to Consumer Reports, the least reliable type of vehicle overall was electric pickup trucks.

They reached this conclusion based on a survey they conducted among members about issues they have had with their vehicles during the past year. Data from more than 330,000 vehicles with model years from 2000 onward was included ...

Consumer watchdog group in Canada determines COVID-19 vaccines “neither safe, nor effective”

September 21, 2023 -

NCI published a report on September 14 detailing the kangaroo process by which Fauci Flu shots received "approval" in Canada.

"It is important to understand that the COVID-19 vaccines were never approved under the traditional approval process for drugs in Canada," the report states, further explaining how Health Canada, the federal agency responsible for Canadian health policy, used an alternative authorization process called an interim order instead.

"Under ...

India bans onion exports as government tries to control rising food prices

December 12, 2023 -

The latest move sees overseas shipments of onions prohibited until the end of March, with an exception being made for cargos that began loading before the notification was issued. The move comes after the Indian government took steps to release stockpiles of onions to protect consumers from rising costs late this summer.

India also recently placed restrictions on using sugar cane juice for the production of biofuels in an attempt to increase its reserves. They have ...

El Nino sends rice prices soaring, nearly reaching new 15-year peak

December 06, 2023 -

Thai white rice five percent broken (an Asian benchmark) has jumped by $57 over the past two weeks to $640 a ton following a period of relative calm, putting prices just short of the highest level since October 2008. Prices are up over 50 percent since the start of 2022.

Increased demand for Thai rice from unexpected buyers such as Brazil and the Philippines has contributed to the rise, according to Chookiat Ophaswongse, an honorary president of the Thai Rice ...

German economy collapsing after nation abandoned nuclear energy – prices soar, industries implode

November 19, 2023 -

In recent years, Germany has been phasing out coal and nuclear energy in a way that has been described in German media as "not well coordinated with the European Union." As a result, Germans are paying sky-high prices for energy that are completely unsustainable if the Germany economy is to stay afloat.

There are generally three main goals with effective energy policy: low prices, security of supply, and environmental protection with regard to carbon dioxide (CO2) emissions ...