Seeking Alpha/American Institute of Economic Research/6-10-2022
“AIER’s Everyday Price surged 2.1 percent in May after a 0.5 percent increase in April, a 3.0 percent jump in March, and a 1.3 percent gain in February. Over the first five months of 2022, the EPI is up at an annualized rate of 20.6 percent. From a year ago, the Everyday Price Index is up 12.8 percent, the fastest on record dating back to 1987.”
USAGOLD note: Inflation might not be as bad as you thought it was …… It’s worse. $1000 is not what it used to be. In 1934, $1000 could buy you two brand new Ford Deluxe Roadsters with 3-speed transmissions. In 2022, two new brand new Ford Mustangs will run you about $54,000 – and some believe that inflation is just getting started.
