US Core Inflation Rate

US Core Inflation Rate increased dramatically in 2021, due to government limiting energy production to support the electric car debacle caused by the climate change scam. 

Year    %Core Rate

2023    5.5 est

2022    5.7

2021    5.5

2020   1.6

2019   2.3

2018   2.2

2017   1.8

2016   2.2

2015   2.1

2014   1.6

2013   1.7

https://www.usinflationcalculator.com/inflation/current-inflation-rates/

2023

Month  Core%

June       4.8   

May        5.3   

Apr         5.5   

Mar        5.6   

Feb        5.5   

Jan        5.6   

 

2022

Month   Core%

Dec       5.7  

Nov       6.0  

Oct        6.3  

Sep       6.6  

Aug       6.3  

Jul         5.9  

Jun        9.1   

May       8.6

Apr        8.3

Mar       8.5

Feb       7.9

Jan       7.5

 

2021

Month  Core% 

Dec      7.0

Nov      6.8

Oct       6.2

Sep      5.4

Aug      5.3

Jul       5.3

Jun      5.3

May     5.0

Apr      5.2

Mar     2.6

Feb     1.7

Jan     1.4 

In 2021 the US Core Inflation Rate rose from 1.4% to 7% due to Biden’s war on coal, oil and gas.

 

2020

Month  Core%

Dec     1.6

Nov     1.2

Oct      1.6

Sep     1.2

Aug     1.3

Jul      1.0

Jun     0.6

May    0.1

Apr     0.3

Mar    1.5

Feb    1.4

Jan    2.5

In 2020 the US Core Inflation Rate was low due to Trump’s increase in oil and natural gas production

https://tradingeconomics.com/united-states/core-inflation-rate

Comments

The Core Inflation Rate is the rate the Fed follows. They want to lower Core Inflation from 5.5% to 2%. The Core Rate does not include food and energy prices fluctuations. The CPI is not an accurate historical depiction of real inflation data, because it contains fluctuations and off-setting data.

US inflation in home prices, automobiles and wages tend to become permanent in their upward movement. Homes are in short supply. Used automobile prices rose. Electric car sales will remain flat because of prices.  Prices of flat-screen TVs are down, but I-Phone prices continue to climb. Wages grew and inflation declined under Trump. Wages froze and inflation soared under Biden.

Employment is stuck and Recession is ahead. Many employees don’t like their Woke management and prefer to work from home. Most companies require that applicants apply on-line using their confusing, abusive application software. It was easier when all they had to do was to mail a resume. We had no labor shortages when companies took resumes. Inflation is caused by restricting supply and it is apparent that applicants are restricting the labor supply.

Norb Leahy, Dunwoody GA Tea Party Leader