Free Republic

Reporter: What are your specific plans to bring down prices? Kamala: "I grew up a middle class kid... I grew up in a neighborhood of folks who were very proud of their lawn. Ya know?

During the Thursday afternoon press conference at his golf club in Bedminster, N.J., Trump highlighted Harris’s role in higher inflation over the almost four years that she’s been in the White House. He delivered the remarks while standing in front of two tables of groceries, including cereal, deli meat, milk, eggs, bread, and other perishables. “You don’t have to imagine what a Kamala Harris presidency would be because you are living through that nightmare right now,” Trump said. Harris is expected to unveil a proposed ban on “price gouging” for food and groceries, with a particular emphasis on rising meat...

American housing prices continue their upward trajectory, with a Redfin report revealing a record number of homes priced at $1 million or more in over 100 towns across the United States. The report indicates that one in every ten homes is now valued at $1 million or above. Yahoo Finance housing reporter Dani Romero analyzes this trend and how it impacts the broader housing market.

Fast-food restaurants survive by providing affordable, quick, and convenient meals, but cost inflation is now pushing their business models to the brink.It has become more expensive to eat out over the past five years, with food away from home increasing by 30 percent, according to the Bureau of Labor Statistics. In just the past year, the cost of eating at a fast-food restaurant has increased by more than that of a full-service restaurant.Within the consumer price index, the limited-service meals category (food that is ordered at a counter and taken to go) rose by 4.3 percent year over year in...

Vice President Kamala Harris admitted to a small group of supporters Friday that the cost of food has been “too high” under President Biden. “We all know that prices went up during the pandemic when the supply chains shut down and failed, but our supply chains have now improved and prices are still too high,” the Democratic presidential nominee, 59, said during a campaign stop in Raleigh, NC, in a speech outlining her new economic plan. “A loaf of bread costs 50% more today than it did before the pandemic,” Harris continued, validating one of former President Donald Trump’s central...

Inflation rose again in July 2024 for the 42nd consecutive month since President Joe Biden and Vice President Kamala Harris took office in January 2021. Yet, corporate media demand that Americans celebrate the 2.9 percent price hike plaguing their pocketbooks as an “inflation milestone.” According to the U.S. Bureau of Labor Statistics’ consumer price index for last month, Americans paid 2.2 percent more for food, 4.9 percent more for electricity, 5.1 percent more for shelter, 8.8 percent more for transportation, and 3.3 percent more for medical care than they did in July 2023. Even compared to May 2024, July’s inflation...

The price of crude oil increased Wednesday as concerns worsen over a new conflict in the Middle East after an apparent Israeli air strike killed the leader of Hamas inside Iran. West Texas crude jumped in price Wednesday by more than $3 per barrel to about $78, a more than 4 percent increase. Hamas leader Ismail Haniyeh was killed in the early hours of Wednesday inside a home in Tehran after he attended the inauguration of Iran’s new president. Israel has not taken responsibility for the strike, though the country’s military vowed to eliminate Hamas and its leaders in the...

Home prices reached a new record in May amid an ongoing housing shortage, even as high mortgage rates continued to push affordability out of reach for millions of Americans. Prices increased 5.9% nationally in May when compared with the previous year, the S&P CoreLogic Case-Shiller index showed on Tuesday, down from the 6.4% pace recorded the previous month. On a monthly basis, prices climbed 0.3%, according to the index. "Home prices hit a new high in May," said Lisa Sturtevant, Bright MLS chief economist. "But with affordability a growing challenge for homebuyers and more new listings coming onto the market,...

What can a Big Mac tell us about currency rates? As it turns out, quite a lot.The Big Mac Index, created by The Economist in 1986, started out as a simple tool to make currency theory more digestible. Now, it’s a widely-known measure in popular economics to assess and compare currency valuations.In short, the Big Mac index compares the purchasing power parity (PPP) of currencies using the price of a Big Mac in the U.S. as the benchmark. It shows how much a Big Mac costs in various countries compared to the U.S., but it also works as a way...

On Monday’s broadcast of MSNBC’s “Morning Joe,” Rep. James Clyburn (D-SC) argued that “People focused on the rising price of food,” but President Joe Biden “couldn’t do anything about” grocery prices. Clyburn said, “People focused on the rising price of food, yes. But he countered that — he couldn’t do anything about those grocery prices, but he could do something about the pharmaceutical prices. And he drove down the price of pharmaceuticals in a way that no president has ever done. And, once again, when Harry Truman left the presidency, he said the one thing that he regretted was not...

The peak electricity demand in Britain is in the winter when we need to heat our homes, offices, shops, warehouses, factories etc. But in the winter solar farms produce almost no electricity in Britain. This is because it is dark for around 16 hours a day and when the Sun does appear it is weak and usually hidden behind thick cloud. Solar energy may make sense in some countries, for example the countries of North Africa, but building solar farms in Britain is completely brainless.The new Energy Secretary Ed Milliband has just given the green light to the biggest solar...

Some Citi Bike users may be riding off into the sunset. The Lyft-operated service will hike its prices a whopping 20% for members and non-members on Wednesday – leaving some riders to consider ditching the service and buying their own bicycles instead. “I just don’t really like taking the train so I use Citi Bikes but at this point it just seems more affordable to get your own bike,” Travontae Gorman told The Post at a Manhattan charging bank location. “It’s going to equal out to two or three of these rides with the continued increase.” Harlem resident Blessing Watson,...

Still no sticker shock, Janet? Treasury Secretary Janet Yellen was spotted stocking up on groceries on Saturday — after dismissing a question about inflation and rising food prices earlier this week. Yellen, 77, and her husband, economist George Akerlof, stopped by a Giant Food store in Washington, DC, after grabbing lunch at Japanese restaurant Raku. The millionaire couple had six security people in tow but pushed their own carts full of reusable Fresh Direct grocery bags out of the store after stocking up. Yellen — who is worth an estimated $20 million — drew criticism this week when she appeared...

On a conference call with industry analysts on Thursday, Walgreens CEO Tim Wentworth announced the company’s intention to eliminate a significant portion of its U.S. stores over the next three years. While describing a quarter of the 8,500 stores as “underperforming,” Wentworth announced that the company would close a “significant portion” of these locations. However, according to Wentworth, the precise number of closures is still undecided. Wentworth also stated that Walgreens will implement certain modifications at the remaining underperforming locations in an effort to bring them back to life. If that doesn’t work, then “we will continue to consider closure...

CLAIM: White House Press Secretary Karine Jean-Pierre claimed Tuesday that grocery prices went down under President Joe Biden’s leadership. VERDICT: False. “Food prices jumped 6.3% in 2021, and 10.4% in 2022. In 2023, food-price increases slowed, with the index up 2.7%,” TheStreet reported. To put that in perspective, Yahoo News reported that “a basket of groceries that cost $100 in November 2020 would now set you back $125.80.” Prices continue to rise despite the slowing rate of inflation.

On Monday’s broadcast of “CNN News Central,” co-host Sara Sidner stated that “the economy is doing well, by all measures.” Even though “the prices are high” and said that some Republicans haven’t been giving credit to President Joe Biden for improvements to roads and bridges under the infrastructure law. While speaking with Biden Campaign Co-Chair Mitch Landrieu, Sidner said, “Look, the economy is doing well, by all measures. Yes, the prices are high. There was also the infrastructure bill that was pushed through that some Republicans in their states have been touting, not giving the credit, of course, to Joe...

The consumer price index was expected to increase 0.1% on a month basis and 3.4% from a year ago, according to Dow Jones consensus estimates.

KEY POINTS The consumer price index held flat in May though it increased 3.3% from a year ago. Both numbers were 0.1 percentage point below market expectations. Excluding volatile food and energy prices, core CPI increased 0.2% on the month and 3.4% from a year ago, compared with respective estimates of 0.3% and 3.5%. Price increases were held in check by a 2% drop in the energy index and just a 0.1% increase in food. ***************************************************************** The consumer price index showed no increase in May as inflation slightly loosened its stubborn grip on the U.S. economy, the Labor Department reported...

The middle class and low wager workers are made for kicking. And that’s with Bidenomics did. The headline consumer price index was unchanged MoM in May – the smallest change since July 2022 – just less than the +0.1% MoM expected. On a YoY basis, headline CPI rose 3.3% (less than the 3.4% exp) – but very much stuck in a range well above the 2% target for over year now… Source: Bloomberg Energy was the biggest drag on the headline CPI MoM…(Gasoline prices tumbled 3.6% in May from April, one key reason why the headline CPI was flat on...

The pro-Trump MAGA Inc. super PAC pointed out that Bidenomics is not a joke, referring to how food prices at restaurants have increased under President Joe Biden’s administration. In a press release from MAGA Inc. on Monday, the super PAC referenced a viral parody post on X which shows photos of former President Donald Trump at his rally in Las Vegas, Nevada, reading and criticizing the prices and items off of a Cheesecake menu. “This viral post might be a parody, but Bidenomics is no joke,” Alex Pfeiffer, the spokesman for MAGA Inc. wrote in the press release. “Prices at...