Posted on 02/14/2024 5:58:39 AM PST by ChicagoConservative27
On Tuesday’s broadcast of “CNN News Central,” co-host Sara Sidner stated that the hotter-than-expected January CPI inflation report that showed an increase in monthly inflation for both the overall and core inflation rates from the monthly rate in December with the annual overall rate falling from 3.4% to 3.1% from December while the annual core inflation rate held steady from December at 3.9% is “another sign the economy is getting better and better.” Even though consumers are “really worried about those numbers, especially at the grocery store.”
Sidner said, “This morning, another sign the economy is getting better and better. The first big inflation report of 2024 spelled some good news for consumers. Prices rose by 3.1% for the last 12 months. That’s a slight pullback from December’s rate, but not as much as economists had expected. Remember, prices surged after the pandemic. We all felt it, peaking at 9.1% in June of 2022. The Federal Reserve introduced 11 aggressive rate hikes in its battle to try to bring down those inflation numbers.”
(Excerpt) Read more at breitbart.com ...
Democrat propaganda gets loudest during election and bad times.
CNN and MSM are in business for people who like feeling bad some people even cut themselves at time.
Many places around here will soon be pushing $20 an hour for new hires for even retail jobs. We’re getting wage inflation and what follows that will be obvious soon enough.
Delusional. And they wonder why folks aren’t watching their garbage.
It was great news for the economy. That’s why tje market went down over 700 points. CNN will probably call that great news, too.
IOW,things are getting worse slower, and that’s supposed to be good news.
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