⚠️BREAKING:

*U.S. CONSUMER PRICE INFLATION JUMPS 6.8% IN NOVEMBER, LARGEST ANNUAL INCREASE SINCE 1982 pic.twitter.com/WA9lQvSOb9

— Investing.com (@Investingcom) December 10, 2021

OUCH! US inflation jumps to 6.8% in Nov, meeting economists’ expectations. The reading shows the fastest pace of price growth since 1982, when Ronald Reagan was president. Inflation has accelerated through the fall as the supply crisis and strong spending fueled price hikes. pic.twitter.com/MLIy0Lgp75

— Holger Zschaepitz (@Schuldensuehner) December 10, 2021

Inflation, CPI:
0.8% monthly x 12 is 9.6%, more with compounding.
YOY 6.8%.
Ten year treasury 1.49%
Negative real interest rate -5.31%
So buy a 10-year and lose half your purchasing power.
Sure.

— Lawrence Lepard, "fix the money, fix the world" (@LawrenceLepard) December 10, 2021

I referred this to the wise-people panel on the misuse of rise/fall/accelerate in the context of prices, and they confirmed that inflation will indeed fall in 2022. The level of prices will rise less. So that tweet is immediately sent to room 101 and you sir are given 50 lines! https://t.co/regcOmIKaF

— Gabriel Sterne (@GabrielSterne) December 10, 2021

Price increases over last year (CPI report)…
Gasoline: +58.1%
Used Cars: +31.4%
Gas Utilities: +25.1%
Meats/Fish/Eggs: +12.8%
New Cars: +11.1%
Overall CPI: +6.8%
Electricity: +6.5%
Food at home: +6.4%
Food away from home: +5.8%
Apparel: +5%
Transportation: +3.9%
Shelter: +3.8%

— Charlie Bilello (@charliebilello) December 10, 2021

CRAZY! Bonds rally w/US 10y yields drop to 1.48% as #inflation at 6.8% MATCHES forecasts. Market has become accustomed to upside surprises, so figure was better than feared. BUT w/inflation at highest in 39yrs, it’s highest in entire lifetimes of most Americans. Median age ~38yrs pic.twitter.com/YBzAjJswI6

— Holger Zschaepitz (@Schuldensuehner) December 10, 2021