Who's Driving the Bus?
The B.L.S. has released another month of data . How many guesses do you need to determine direction of prices?
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.6 percent in March on a seasonally adjusted basis after rising 0.4 percent in February, the U.S. Bureau of Labor Statistics reported today. The March 1-month increase was the largest rise since a 0.6-percent increase in August 2012. Over the last 12 months, the all items index increased 2.6 percent before seasonal adjustment. The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.6 percent over the last 12 months. The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 3.0 percent over the last 12 months. The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 2.5 percent over the last 12 months.
The R-CPI-E is 2.5% YoY. It should once again be noted that prices dropped at the onset of the Covid-19 pandemic and shutdowns, which bottomed in April and remained flat on the May, 2020 report.
My inflation is a 2.3% increase over the past 12 months. The main difference between me and the B.L.S. numbers would fall in the gasoline part. I filled up my car with gasoline last week, which was the first time since early January. I spend about 1/7 the amount on gasoline that you average Americans do.
Onto the covid vaccinations...
I had dropped the distribution numbers from the chart, as the distribution had remained above necessary targets for the past couple of weeks. (Just in time for the J&J confusion). Still the rate of vaccinations is trending upward and if maintained... bodes well for July. I am struggling to understand the high number awaiting 2nd dose, unless there are people skipping the second dose or possibly the 2nd dose being deliberately delayed, etc..
I keep hearing of worries regarding vaccine hesitancy, due to many appointments going unfilled. However, I suspect this might be due to so many places now taking appointments. As I stated... the vaccination trend does seem to continue upward. Not sure how the J&J confusion will impact.
CAUTION: RANT TO FOLLOW...
A few weeks back fake news dug up an old report from Sloan Kettering Institute. This report was used to mislead people into believing the Covid-19 mRNA vaccines could cause cancer. Sloan Kettering Institute had to release additional information about the variety of RNA and how the covid-19 mRNA vaccines were not in the same category as the potential cancer causing RNA.
Of course, none of the updated information made into the fake news stream and the anti-vaxxers insisted their "cause" was validated. So much so that many of these vaccine hesitant individuals opted for the J&J vaccine.
The anti-vaxxers have now been handed another gift. The J&J announcement could not have been more screwed up... If I had been in charge. I mean who is driving the bus on this thing? This reminds me of the charter bus driver with "THINK" painted on the side and deciding to enter a drive thru only Taco Bell, and bottoming out on the steep incline. END OF RANT!
Actually, thinking about that bus... cheered me up.