Inflation & Devaluation

Time to Put Down the Shovel? So Far this Year, We’ve Dropped Three Projects due to Breathtaking Construction Cost Estimates

by John McNellis • May 28, 2022 • 117 Comments

His number came in 100% more than the cost of our last store, and the deal no longer penciled out.

Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season

by Wolf Richter • May 26, 2022 • 139 Comments

I see gasoline prices rising further despite this modest short-term & long-term demand destruction.

US Natural Gas Futures Spiked to Highest since 2008, Tripled in a Year: Why We Kissed that Dirt-Cheap Natural Gas Goodbye

by Wolf Richter • May 25, 2022 • 151 Comments

The boom in natural gas exports creates massive demand on US production and connects US prices to the rest of the world.

That Drop in Used Vehicle Wholesale Prices Already Fizzled. Prices Rise Again. Dealer Listing Prices Hit Record $28,365

by Wolf Richter • May 21, 2022 • 135 Comments

Buyers’ revolt, sales plunge 19%. But dealers, sitting on high-priced inventory, resist price cuts, which would boost sales.

Inflation Comes to Japan, amid Plunging Yen, Inflation Subsidies. Bank of Japan Blows it Off as “Transitory,” Throws Yen under Bus

by Wolf Richter • May 20, 2022 • 141 Comments

The Japanese people are not amused.

Bad Breath of Inflation Sinks Target, Walmart, Other Retailers on Surging Costs of Products, Labor, and Transportation

by Wolf Richter • May 18, 2022 • 124 Comments

Not a revenue-shocker (they were up even from stimulus-miracle a year ago), but a cost-shocker. Unable to pass on all the cost increases, their margins got squeezed.

Gasoline Spikes to Record $4.49, Just in Time for Summer Driving Season. Crude Oil Jumps. Not going to Help CPI in May

by Wolf Richter • May 16, 2022 • 194 Comments

Make that $6.55 for regular at my San Francisco gas station from heck.

Inflation in Services, Housing, Food, New Vehicles Goes WHOOSH as Dollar’s Purchasing Power Goes to Heck

by Wolf Richter • May 11, 2022 • 139 Comments

Used vehicle prices continue to back off from ridiculous spike. But drop in gasoline prices was “transitory,” as we’re now learning at the pump.

State of the American Debt Slaves: Borrowing More to Buy Less due to Raging Inflation

by Wolf Richter • May 6, 2022 • 132 Comments

Credit card balances up 3.0% from 2019, CPI inflation up 13%, LOL. Auto sales plunged, but auto loans jumped. You guessed it, ridiculous price increases.

Complexities of a Messed-Up Labor Market: Why a Crackdown on Inflation Might Bring People Back into the Labor Force

by Wolf Richter • May 6, 2022 • 129 Comments

Wages Surged, But Raging Inflation Crushed the Purchasing Power of those Wages.

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