Posted on 07/11/2024 1:07:23 PM PDT by Signalman
The media’s umpteenth month of mishandling CPI data to protect the Biden White House comes as no surprise.
Contrary to the corporate media cabal’s desperate attempt to paint the Consumer Price Index report for June 2024 as a sign that inflation “cooled” and will continue “cooling” and “slowing” the closer the nation gets to November’s presidential election, Americans are still paying higher prices on basic day-to-day goods and services than they did in the last four years.
When the U.S. Bureau of Labor Statistics released its latest inflation index showing a 0.1 percent decrease in prices from May 2024 to June 2024, press outlets and the Democrat regime rushed to bill the data as a sign that inflation is “at its lowest level in more than three years.”
The New York Times’ Paul Krugman, whose partisan commentary on American families’ financial straits is notoriously out of touch, claimed the CPI’s report means the record high prices that have plagued the nation are “plummeting.” CNN also framed the latest month-over-month data as “Good news for US consumers” because it indicated inflation “fell for the first time since the early part of the pandemic.”
The 0.1 percent decrease may be the first month-over-month negative recorded since 2020, but the propaganda press and the Biden administration’s celebration of it is misleading.
While prices from May 2024 to June 2024 technically fell for goods and services like gasoline (-3.8 percent), electricity (-0.7 percent), and new and used vehicles (-0.2 percent and -1.5 percent), Americans are still paying more than ever for basic necessities like food, which saw a 0.2 percent increase.
Conveniently omitted from headlines and press releases was also the fact that inflation from June 2023 to June 2024 grew 3 percent. Compared to June last year, fundamental items such as food (2.2 percent), electricity (4.4 percent), shelter (5.2 percent), transportation (9.4 percent), and medical services (3.3 percent) experienced measurable price jumps that will no doubt continue to affect voters’ pockets.
The media’s umpteenth month of mishandling CPI data to protect what’s left of the flailing Biden White House’s reputation comes as no surprise.
Ever since President Joe Biden took office, economic “experts” and corporate media have done everything to blame Americans and American companies for inflation that can be directly traced to Democrats and their policies. When polls showed voters are increasingly pessimistic about the U.S. economy, those same outlets wondered how they could be so “unusually down on a solid economy.”
The numbers, however, don’t lie. Inflation is still a top issue for November 2024 voters and will likely play a role in their decision-making at the ballot box.
Before Biden to today—prices have skyrocketed on everything.
All the rest is noise.
Don’t worry, everythin will be just fine. I promise we won’t run out of money and I guarantee they will print more to make sure...
I don’t heard the complaints about food prices from people like two years ago. It could be most are used to the prices now.
Let them book a hotel room—anywhere.
The sticker shock should get their attention.
Especially stuff to live on, food, gas, utilities, conveniently left off CPI.
Every time I’m at the grocery store, people are angry at the prices. They vent in the produce section, “last week this pint of strawberries was $4.99. This week, on sale for $5.99, it’s strawberry season!”
I hear it by the eggs, ‘well at least they’re not $8.00, but $5 is outrageous for a dozen eggs’
Meat? Ha! wo can afford “new low price” for a pound of hamburger, $8.99...
It’s everywhere I go. Walmart, the gym, the library, everywhere.
The only way biden wins is to cheat.
81 million votes my a**. 3 people showed up at a rally in PA. 3 PEOPLE!!!!!!!
Contrary to what Biden says, that is, and the media just apes like loyal dummies.
If that headline comports with the article, the writer has no clue what inflation is.
If inflation went to zero tomorrow most prices would stay right where they are, high. But even at zero there are random shortages that cause price increases for certain products.
We are at 3% inflation, prices in general are going up. We are seldom at 0% inflation unless we are in recession and unemployment is high/rising. Fed close to lowering rates, tricky landing but so far so good.
Inflation is a measure of the rate of change, not of price levels.
The Biden Administration is frantically pointing out that the rate of upward change has slowed.
Nobody cares.
People want 2019 prices back. But governments and banks find deflation utterly horrifying and will never allow it to occur.
Housing will keep going up. Stocks will keep going up. Food will keep going up. Gold will keep going up.
Except that none of those things are actually going anywhere.
The dollar is going down which is what the heavily indebted US Government desperately needs - to allow itself to pay back excessive debts with cheaper dollars.
I know, the prices will never go back to where they were a couple years ago. They never have. The point is, it’s on everyone’s mind. The government can put out all the feel good reports, but people know.
I have a good feeling about this election, President Trump will win in a landslide, just as Reagan did in 1984. The only difference is the cheat. If this election is stolen, I don’t know what will happen. People are fed up.
THE MACHINES DID NOT HAVE TO SHOW UP. THEIR VOTES WERE ALREADY IMPLANTED
I just stayed at the JW Marriott in Indianapolis for 154.00 total. I didn’t think it was that bad. But I do know that they’ve gone up from 100.00 a night ten years ago.
People want 2019 prices back. But governments and banks find deflation utterly horrifying and will never allow it to occur.
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He haven’t had a deflationary decade since the 1930’s. The so called roaring 1920’s were also deflationary.
Nope, since WW2 you might get 1 year of deflation but not the multiyear deflation that occurred from from “time to time” between 1790-1940.
Here is the inflation rate between 1920-1939
1920 15.6
1921 -10.5
1922 -6.1
1923 1.8
1924 0
1925 2.3
1926 1.1
1927 -1.7
1928 -1.7
1929 0 (Stock market crash)
1930 -2.3 (Industrial recession moves into the financial sector.)
1931 -9.0
1932 -9.9 (Banking sector capitulated, FDR elected)
1933 -5.1
1934 3.1
1935 2.2
1936 1.5 (FDR re-elected in a landslide)
1937 3.6
1938 -2.1 (Democrats take a hit in the midterms)
1939 -1.4
Here are the three deflationary years from 1940-2024.
1949 -1.2
1955 -.4
2009. -.4
We’re currently on the longest inflationary cycle in American history.
Gas here surges up & down; generally stays to the lower side in our area. Other prices generally seem to increase; certain items are outrageously overpriced. It’s a long way to go before things generally level to where they should be again according to what I hear. I am older & very much retired with few expenses so it’s hard for me to comment on the problems much of the public faces, even though I exist mainly on S.S.
I’m visiting and the price has been double or triple in the last 2-3 years. Americans should be very angry but they are not because they are used to it by now.
The media lies with their crap about ‘the rate of inflation growth’ is slower. That means inflation’s still going up - just going up slower. It’s intentional misleading BS to fool the people.
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