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Title : US Inflation Highest In 40 Years

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US Inflation Highest In 40 Years

US Inflation Highest In 40 Years

hey everybody welcome back to whiteboard finance my name is Marco and I'm here to help you master your money and preserve your wealth from rampant inflation uh yes folks we are sitting at 7.5 according to cpi which is the consumer price index released by the BLS bureau of labor statistics we're going to break down every single category in that cpi measurement I'm going to show you why it's still incredibly understated because they're not accounting for a core

a component within that figure because they're trying to make it look like inflation is less than it really is we're going to talk about some other key factors and we're going to talk about inflation globally I highly suggest that you stay until the end of this video as always so let's get right into it so we're sitting on the bls.gov website and you can see the 12-month percent change in the cpi index for all urban consumers uh selected items not seasonally adjusted so the light blue bars which you see here are for December 20 uh 2020 to December 2021. 

so inflation hits different people differently so I want to make this point before I get right into the numbers so if you're someone living in your mom's basement all right your inflation is not going to be as severe as a father of a family of four for example who has two kids who need braces health care the wife may be a stay-at-home mother or a homemaker you know inflation hits different people differently so just keep that in mind when you watch this video so first and foremost gasoline is up almost 50 over the year okay which is absolutely insane so keep uh keep in mind what we're comparing 

here so think of those regular middle-class expenses so people obviously need to get to work right I mean some people are obviously working from home but if in normal times people need to use their car to commute most people drive gasoline-powered cars so there you go there's 49.6 percent right there of your purchasing power being inflated away used cars and trucks if you're in the market try not to be because right now used cars and trucks are up 37.3 percent uh sorry my big fat head is in the way there energy 29.3 percent if you're looking at oil which I mentioned in my how to profit from massive inflation video always spitting fire told you oil is the way to go the same thing with natural gas utility gas service 24.1 

percent we're obviously going into winter now with these numbers being from December people need to heat their homes if you look at what's going on in Europe right now it's absolutely crazy what the price of natural gas is doing and they all get their gas mostly from one country which I'm not going to bring up in this video meats poultry fish and eggs 12.5 percent new vehicles 12 tobacco and smoking products 9 you got to get the sigs man you got to get the cigs when times are tough and the tobacco companies know this uh household furnishing 7.4 percent the average of all items is 7 but when you look at stuff like the food at home obviously a middle-class staple food in general 6.3 percent electricity 

six-point three percent food away from home went up six percent which I actually think I'm gonna call bs on this one if you've gone to any restaurant over the past year uh food is not up to six percent, uh it's up significantly higher than that so I'm going to call bs on that one but for the most part you look at all this stuff it seems to be in line or slightly above than what it usually is like groceries things like that however what people need to keep in mind is this year cpi average is 7.5 years over a year if you got anything less than a 7.6 to raise your break-even or losing money to are losing purchasing power to inflation which I've been talking about for years goes back to savers or losers right if you have your money sitting in a savings account 

earning anything less than 7.5 percent lol uh yeah I just said lol out loud that's how ridiculous that statement is you are losing purchasing power to inflation so just keep that in mind next time you get a three percent raise so this is the core component that I wanted to talk about uh shout out to charlie bolillo he has a lot of good um statistics on his blog and also on Twitter so this is the component that everyone knows the middle class feels it I've tweeted about this in the past which I'll show you here in a second but shelter is the single biggest component of cpi which makes up 33 percent of the index so these numbers that I just showed you housing makes up 33 of that and is still being wildly understated at 4.4 percent year over year 

so rents you can see here based on apartment list rest rent estimates are up 18 over the last year and home prices are up 19 actual inflation rate is much higher than 7.5 which I've been saying for years you but you can't question cpi because it comes from the government right it has to be accurate they have our best interest in hand so if you look at this purple line you can see that the rents from 2021 to 2022 are up 17.8 percent, uh if you look at what normal rents go up by it's anywhere from you know zero to five percent in any other given year which brings me to my own tweet which was maybe I don't know a couple weeks ago i said at what point can medium-income earners aka the middle class no longer bear rent increases so if I click on this picture you can see the average rent by year this was posted October 26 2021 

uh you can see that rent prices have increased an average of 8.86 percent per year since 1980 consistently outpacing wage inflation by a significant margin so if you look at the nationwide average monthly rent it's right around 1100 1200 bucks median rent is 1100 bucks um 78 of renters pay uh rent in full and on time 28 don't at what point does the middle class get priced out from renting uh what if you had you know bad medical history and had to file bankruptcy your credit is shot and you can't buy a home you can't get approved because your credit score is terrible from stuff that's outside of your control well you're inevitably going to have to rent right well how can your pay keep up with something that's being outpaced in the form of rent right 

so let's talk on a global scale here so again uh charlie ballot shout out to him if you don't follow him let's talk about global inflation rates so you can see here this is cpi inflation year over year and obviously I'm pretty sure these sources come from the actual nation-states or governments themselves you can see japan less than a percent Saudi Arabia 1.2 percent it goes up up up and up and when you start getting into the kind of like the danger zone of 5 you can see that's around Canada Germany united kingdom Ireland India et cetera et cetera USA is over here at seven point five percent Poland is at eight point six percent Russia is at eight point seven percent uh who just announced 

that they're looking at bitcoin and crypto as legal currency this just happened last night uh brazil is at 10.4 percent turkey everyone knows that they've been getting crushed this year um I think they're starting to peg their money to the dollar um last time I checked but they're sitting at almost 50 percent Argentina 50 percent Venezuela as always the usual suspect sitting at 472 percent so what is the point of all this uh I've been preaching this for about two or three years now on this channel you have to invest in things that keep up with inflation or at least hedge against inflation that would be the form of a 30-year

rate mortgage you know low rate fixed-rate mortgage that would be rental properties cash flowing real estate things that appreciate in value over time niche products such as collectible watches collectible cars things that will always be desirable in the future they will at least keep up with inflation because there's always a market there for them commodities uh precious metals things like that so this is not to rehash all the stuff I've talked about in the past but it is to shed light on something that is a growing problem do you guys think that inflation is transitory because of Cerveza sickness or do you believe it is here to stay so there's a couple different schools of thought there but give me your opinion down below share the video with one friend share the video with a group of people if you're in an economics group or you know macroeconomics group which I'm sure most of you are right you're not sitting on your couch watching Netflix and hand egg and egg ball and football and all that stuff you're really studying 

the macro right um no all joking aside people have lives they don't really look into this stuff but if you start to follow it you'll understand that um there some of this stuff has to change with fiat currency and that's why crypto is becoming more and more popular over time so we'll see what happens this is being recorded on February 10th we're going to see what the fed is going to do the rest of this year if they're going to raise interest rates if they're going to they have to but they can't because they don't want to upset the bond market they're trying to date two women at the same time and I know i'm rambling and that may 

not make sense to you but they're trying to appease the stock market and the bond market at the same time aka trying to date you know two women at the same time which is not possible unless you're smooth buttery smooth and even then with cell phones and stuff I don't know I don't even know if I could pull it off just kidding I love my wife all right guys uh thanks for watching have a prosperous day peace all right let me check on my side chicks here hold on dude I haven't dated in so long because I've been with my wife for probably seven years now I don't even know how to talk to girls anymore do people even talk to girls anymore is it all just through like metaverse like hello I like you let's dance what dance physical contact must put on the VR headset metaverse this is a great future i will own nothing and be happy

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