Posted on 05/10/2023 5:59:33 AM PDT by Kaiser8408a
Another dismal economic report under “Middle class” Joe Biden.
April’s inflation report is out and … it sucks. Core inflation (CPI less food and energy) remains elevated at 5.5% YoY, much higher than The Fed’s target rate of 2%. Even worse, US REAL average weekly wage growth is negative again at -1.1% YoY, negative growth for the 25th straight month.
Turns out that core inflation is higher than overall inflation. 4.9% YoY compared to core of 5.5% YoY.
(Excerpt) Read more at confoundedinterest.net ...
And we all know well that this 5.5% number is a lie based on phony government jiggering of the prices; and what is included/not-included in the calculation. What is the real number? Maybe 25-30% based upon my own experience in paying for goods and services.
Futures are up - not that futures make sense anymore.
Well, that’s what Bolsheviks do.
They despise a middle class. And defrauding elections help that outcome.
I was gonna say your guesstimate sounded high, but cars, fuel, eggs, housing, services, materials, land and many other everyday needs have actually gone up even more than 25-30% since POOPOTUS got in.
The single-digit inflation numbers put out are BS, and everyone knows it.
.
But it could have been 10% so all hail Biden’s brilliant economic strategy.a
Eggs up over 100% Seafood over 100%. Meals in restaurants at least 30%. All other foods 30-50. Housing 50% Gasoline still $4 a gallon and Diesel near $5. You should see my material bill for aluminum, if you can get it. Everything is up as they planned. The only thing lower is the interest rate the bank gives me now as my saving just keep losing value.
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