Posted on 12/13/2022 6:49:30 AM PST by ChicagoConservative27
A November slowdown in inflation could give consumers relief both from rising prices and rapidly rising interest rates.
Consumer price index (CPI) data released Tuesday by the Labor Department still showed inflation near 40-year highs. But a slower pace of price growth may help Americans catch a break from more than a year of rapid inflation, all while giving the Federal Reserve room to hike interest rates at a slower pace.
“Cooling inflation will boost the markets and take pressure off the Fed for raising rates, but most importantly this spells real relief starting for Americans whose finances have been punished by higher prices,” said Robert Frick, corporate economist for Navy Federal Credit Union, in a Tuesday analysis.
“This is especially true for lower-income Americans who are disproportionately hurt by inflation,” Frick said.
The annual inflation rate fell to 7.1 percent in November, down from 7.7 percent in October and in line with economist estimates of a 7.3 percent annual inflation rate. Prices rose just 0.1 percent in November alone, down from a 0.4 percent monthly inflation rate in October.
(Excerpt) Read more at thehill.com ...
Whole Foods has a loan department now.
they dont count food price increases as inflation
that would be silly
Bwahahahaha
We would NEVER be in this mess except for BIDEN and his Marxist buddies.
Whole paycheck
Same at Sam’s.
Eggs will get even more expensive since the millions of chickens died of Bird Flu...................................
Not in New York. Lower income people get heating relief welfare. People who pay the taxes do not. Talk about compounding the problem, Biden pushes energy prices higher then prints money for non-taxpayers to get to pay their heating bills. Why not produce more energy and drive the prices down for everyone? The problem with big government is that they spend too much, they pay off everyone and "own" them, including our institutions that rely on gov't subsidies. I say go to a 10% flat tax and a balanced budget requirement except for a Congressionally declared war.
LOL - a 'relief'? Who do they think they're kidding?
It government ever stops lying the nukes have been launched
Inflation is now “down” to a 7.1% increase YoY and that is relief??? ROFL - these folks need to stop doing drugs and wake up to the real world.
If we went to a flat tax how would the government pit one group against the other? Stop making sense!
Real hourly wage growth at -1.9%, Food at home up 12% YoY, Fuel Oil up 65.7% YoY and “shelter” up 7.1% YoY. HOW is this relief???
Tent cities all around, every thing now has a payment plan and no one can afford to eat but it's never been better.
It's clear the plan isn't collapse.
The plan to is to slowly chip away and gaslight anyone who dares mention what they see happening. Slowly but surely people falling like dominoes. The energy prices, the taxes, the growing food prices, the fees, the insurance premiums, medical bills, etc etc. --slowly engulfing people and until they can no longer tread water. No big revolts, no taking to the street. Everyone just trying to maintain their position in their social strata in quiet desperation until we all own nothing and have never been happier.
Usually inflation does come down as the nation enters even deeper into the recession we are already in.
Imagine how it would be reported under Trump.
It’s like a house fire. The house is burned, gutted and we celebrate the fire is subsiding....
In the ‘70s the inflation cycle was accompanied by some wages going up. The only wages going up this time around are only at the bottom rungs, where the competition is with government relief. But if everything goes up 10% this year, and 7% next year, and your salary stays the same, there is no relief, only more pain, because you never get that 10% back.
It’s not relief. They’re saying we should be numb to the increases. Egg prices are ridiculous and I don’t buy many eggs. Joe tried this lie on Twitter saying wages had caught up with inflation or something. Total lie. Was it tagged misinformation? Nope.
Here, IMO, is where the game-playing stops working.
First, we ALL know the 7.1% figure us a joke, but even using it, 7.1% over last year’s already high inflation is horrific.
The Wall St. tulip-bulbers are hoping the historic inflation and Biden’s distopia are just another bubble, like late 90s tech or 2008. They will be sorely disappointed.
None of the behaviors or variables that got us here are being changed (massive spennding, scarcity, input costs, labor shortages/expenses, dollar devaluation), in fact, we’re doubling down on all of it.
We’re in clown-world, with clown leaders and clown policies. Nothing gets better until that changes.
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