The AIER Everyday Price Index increased by 0.8 percent in June, the seventh consecutive gain following back-to-back decreases in October and November. The most recent rise puts the 12-month gain at 6.1 percent, slightly below the 12-month gain of 6.5 percent in May but the third month in a row above six percent. The last time the Everyday Price Index posted three consecutive 12-month gains above six percent was July through September 2011.
Article by Robert Hughes from AIER.
The positive contributions were concentrated in food and energy categories and were led by household fuels and utilities (up 1.9 percent for the month and contributing 24 basis points) followed by motor fuels prices, up 2.2 percent and contributing 23 basis points, food at home (groceries), up 0.7 percent and adding 17 basis points, and food away from home (up 0.7 percent for the month and contributing 13 basis points).
The Everyday Price Index including apparel, a broader measure that includes clothing and shoes, rose 0.7 percent in June, the same increase as in May and also the seventh consecutive increase. Over the past year, the Everyday Price Index including apparel is up 6.0 percent, below the 6.5 percent pace in May. The back-to-back 12-month increases above six percent were the first since August and September 2011. Apparel prices fell 0.5 percent on a not-seasonally-adjusted basis in June, following a 0.2 increase in May. The June decline was the fifth drop over the past nine months. From a year ago, apparel prices are up 4.9 percent.
The Consumer Price Index, which includes everyday purchases as well as infrequently purchased, big-ticket items and contractually fixed items, rose 0.9 percent on a not-seasonally-adjusted basis in June. Over the past year, the Consumer Price Index is up 5.4 percent, the fastest pace since August 2008. The Consumer Price Index excluding food and energy rose 0.8 percent for the month (not seasonally adjusted) while the 12-month change came in at 4.5 percent.
After seasonal adjustment, the CPI rose 0.9 percent in June while the core also increased 0.9 percent for the month. Within the core, core goods prices were up 2.2 percent in June and are up 8.7 percent from a year ago while core services prices rose 0.4 percent for the month and are up 3.1 percent from a year ago.
Among the notable increases in the core CPI were used car and truck prices, up 10.5 percent for the month, accounting for about a third of the seasonally-adjusted increase in the total CPI. Over the past year, used car and truck prices have increased 45.2 percent. Other gainers include lodging away from home including hotels and motels (up 7.9 percent in June), car and truck rental rates (5.2 percent), airline fares (up 2.7 percent), new vehicles (up 2.0 percent), health insurance (1.5 percent), and motor vehicle insurance (1.2 percent).
Prices for many goods and services in the economy continue to be distorted by lingering effects from government restrictions on consumers and businesses including shortages, logistical and supply chain problems, and labor problems. As activity returns to normal, supply and demand will adapt and likely lead to slower price increases, but it may take some time before the economy completely returns to normal functioning. A 1970s-style upward price spiral remains unlikely.
Note: The Everyday Price Index for May is based on incomplete data due to restrictions on data collection by Bureau of Labor Statistics personnel because of the Covid-19 pandemic.
New Conservative Network Seeks Crowdfunding Help
They say we have to go big or go home. We’re trying to go big and bring the patriotic truth the the nation, but we need help.
Readers may or may not realize that over the past year, we’ve been bringing more conservative news and opinion outlets under our wing. Don’t take our expansion as a sign of riches; all of the “acquisitions” have been through sweat and promises of greater things to come for all involved. As a result, we’ve been able to bring together several independent media sites under a unified vision of preventing America from succumbing to the progressive, “woke,” Neo-Marxist ideologies that are spreading like wildfire across America.
The slow and steady reopening of America is revealing there was a lot more economic hardship brought about from the Covd-19 lockdowns than most realize. While we continue to hope advertising dollars on the sites go up, it’s simply not enough to do things the right way. We are currently experiencing a gap between revenue and expenses that cannot be overcome by click-ads and MyPillow promos alone (promo code “NOQ” by the way).
To overcome our revenue gap and keep these sites running, our needs fluctuate between $3000-$7000 per month. In other words, we’re in the red and hemorrhaging.
The best way you can help us grow and continue to bring the truth to the people is by donating. We appreciate everything, whether a dollar or $10,000. Anything brings us closer to a point of stability when we can hire writers, editors, and support staff to make the America First message louder. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well.
As the world spirals towards radical progressivism, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report and the other sites in the network going.
Thank you and God Bless,
One Sick Day Proves We Need More Voices in Truthful Media
On October 19, I was sick. It crossed my mind that I had finally gotten the ‘rona, but my wife’s cream of chicken soup and a few extra hours of sleep into mid-afternoon had be back up and running after a sleepless night before.
When I finally stumbled over to my computer in the evening, I was met with a deluge of concern from readers. They asked what had happened as only one article had been posted that day. Generally, we post between 10-20 daily between all of the sites, not included curated and aggregated content. Seeing that we’d only posted my super-early morning article before taking the rest of the day off had readers assuming the worst.
We have a wonderful and talented group of writers who volunteer their time for the sites and their readers. Sharing their amazing perspectives has always been a blessing to us because we cannot afford to hire anyone at this time. But having great writers is meaningless if we don’t have great editors, or at least one additional. My wife helps me read and edit stories from time to time, but I’m a one-man show when it comes to getting the stories posted.
Whenever I highlight our desperate need for donations, I note that we do not receive money from Google ads even though most in conservative media are beholden. I often ambiguously note that the money donated will help us grow. Today, I’m highlighting a specific need. We must get an editor to help take some of the load and to expand on our mission of spreading the truth to the world. One sick day proved that.
The great news is that there is no shortage of people who CAN help. I am emailed variations of resumes every week by people who are much smarter than I am. As much as I’d love to hire some of them, we simply cannot. That takes money and as blessed as we’ve been to receive donations and collect ad money (though not from Google or Facebook), we have still fallen short.
Those who have the means, PLEASE consider donating. We have the standard Giving Fuel option and people can donate through PayPal. We are also diving into what we believe is extremely disruptive technology at LetsGo.finance, the world’s first major donation portal for crypto. I’ll be talking a lot more about them in the near future. Those who prefer Bitcoin can send to my address here: 3A1ELVhGgrwrypwTJhPwnaTVGmuqyQrMB8
We can get the voices out there and we’re willing to shine a spotlight on new talent. We just need the resources to make it happen. If you can help, we would be extremely grateful.
Thank you and God bless!