Government Power! Core Producer Prices Up 17% Under Biden But 3rd Straight Month Of ‘Deflation’ (Consumer Purchasing Power Down 15% Under Biden)

Confounded Interest ^ | 01/12/2024 | Anthony B. Sanders

[Kaiser8408a]

Government power is causing inflation and middle class economic repression.

For example, US credit card debt is at an all-time high as consumers attempt to cope with inflation under Biden.

While inflation RATE is finally cooling off, the LEVEL of inflation remains high. Purchasing power for consumers is down 15% under Vacation Joe.

Following yesterday’s hotter-than-expected CPI, this morning’s Producer Price Index was expected to accelerate (headline not core). However, it did not – headline PPI actually decline 0.1% MoM (+0.1% MoM exp). That is the 3rd straight month of ‘deflation’ but inched PPI YoY up to +1.0%

I am amazed that the Biden family babysitter (Jill Biden) is trashing Trump supporters calling them insurrectionist and dangerous extremists while her demented husband tries to use courts to remove his primary Presidential candidate from the ballot and violates Federal law by leaving the border wide open, letting in millions of unvetted immigrants. Rep Jerry Nadler (D-NY) admitted that he is in favor of open borders because 1) fruits and vegetables need to be picked and 2) Democrats need to import Democrat voters because Americans are fed up with Democrat policies. Like rampant inflation.

And Jill Biden said Joe works hard EVERY DAY! Except for the near 40% of his Presidency spent on vacations to Delaware, Nantucket, Virgin Islands and whereever else large corporate donors live.

[BigFreakinToad]

diaperflation

[motor_racer]

Until the inflation calculation includes the ever-spiraling cost of government at all levels, the published inflation numbers are meaningless.

[AndyJackson]

It’s for your own good. You were going to use that money to buy meat and gas and pay a mortgage on a house that can be better used by an illegal who is not a white racist colonizer.