Think you're paying a lot for food, fuel, and housing?
...Prices of durable goods jumped 1.6 percent in November compared with the prior month, data from the Labor Department showed Friday. That would be an all-time record apart from the extraordinarily high monthly price hikes seen in April, May, and June of this year.
Over the past 12-months, prices of durable goods are up 14.9 percent, higher than the record annual gain of 14.4 percent hit in May 1975....
Congratulations, PoopyPants!! You broke the record.*
What, exactly, are "durable goods"? Glad you asked!!
Furniture prices jumped 11.8 percent compared with a year ago.
Bedroom furniture is up 9.9 percent.
Living room, kitchen, and dining room furniture are up 14.1 percent.
Major appliances up 5.5 percent.
Indoor plants and flowers up 6.4 percent.
Tools and hardware up six percent.
New vehicles up 11.1 percent.
Used cars and trucks up 31.4 percent.
Car parts are up 10.2 percent.
Tires are up 11.1 percent.
Televisions, which had been falling in price for years, saw prices rise 7.9 percent.
Bicycles and other sports vehicles up 9.4 percent.
Sports equipment up 6.7 percent.
Computers and smart home assistants up 4.8 percent.
There are more, but that should be a good start for you.
*Yes, I know that the Big Spending started with Bush, continued with Obama and that Trump did his share, too. We can't forget Congress, nor the Fed, which has acted as a pimp since Bush rescued the Big Banks (your BFF's according to him.)
Have fun!
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