Posted on 07/14/2021 10:29:05 AM PDT by JV3MRC
The derelict ABC, CBS and NBC morning news networks bypassed a new inflation report showing consumer prices skyrocketing at record paces in the U.S. They ignored the report as if it didn’t exist.
The Bureau of Labor Statistics (BLS) reported at 8:30 a.m. July 13 that the “Consumer Price Index for All Urban Consumers (CPI-U) increased 0.9 percent in June on a seasonally adjusted basis after rising 0.6 percent in May.” The dangerous spike was the “the largest 1-month change since June 2008 when the index rose 1.0 percent.” The statistic destroyed the median 0.5 percent increase forecast by a Bloomberg News survey of economists. If the inflation news wasn’t bad enough, “Over the last 12 months, the all items index increased 5.4 percent before seasonal adjustment,” the BLS said. It continued: “[T]his was the largest 12-month increase since a 5.4-percent increase for the period ending August 2008.” In addition, core CPI, which excludes food and energy, “rose 4.5%, the sharpest move for that measure since September 1991 and well above the estimate of 3.8%,” CNBC reported.
Guess what? ABC Good Morning America (GMA), CBS This Morning, NBC Today and NBC 3rd Hour of Today gave the BLS report zero coverage during their July 13 broadcasts. The networks have now spiked bad news on the monthly CPI data to protect President Joe Biden’s economic image for the second time in a row.
(Excerpt) Read more at newsbusters.org ...
Network news is traitorous.
Yeah we are paying more for everything, but at least there are no more mean tweets.
ping
“ They ignored the report as if it didn’t exist.”
Ah, Comrade, it doesn’t…you are just imagining it. Here, have another vodka.
The news reporters are not trustworthy. They will sing any tune for the money.
I remember a cartoon of a man in a doctor’s office. After an exam, the doctor says..”You are as sound as a dollar. And in these times it means you are in bad, BAD shape!”
That was around 1955.
1% June x 12 months = 12% annualized rate and rising.
No policy relief in sight.
The one I saw that mentioned it explained it was because 0Biden was making the economy so much better.
Can hard,y wait for all the improvements to the infrastructure.
Anyone know when they start?
“1% June x 12 months = 12% annualized rate and rising.
you forgot to compound ...
LOL!
I hear ya.
But who is ready for >10% anyhow? The government shows you cool green mointains in the rear view mirror while if you look out front, you’re roasting in the Mohave Desert.
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