Posted on 07/11/2024 6:08:19 AM PDT by Kaiser8408a
Are you ready? You can tell an election is on the radar since inflation numbers are settling down for the most part. According to the BLS, overall inflation fell slightly in June to 3.0%.
Shelter CPI is up 5.14% YoY as M2 Money growth has been rising slowly … again.
Core CPI also ‘missed’, rising just 0.1% MoM (vs +0.2% exp), dragging the YoY Core CPI down to +3.27% – its lowest since April 2021…
Source: Bloomberg
Goods deflation also dominates core prices disinflationary trend…
We do note that Core consumer prices have still not seen a single monthly decline since Bidenomics began.
Core consumer prices are up just under 18% since Bidenomics began (+4.9% per annum) – that is dramatically higher than the 2.0% per annum Americans experienced under Trump…
Core consumer prices have never been higher.
The much-watched SuperCore CPI rose on a MoM basis but declined (back below 5.0%) on a YoY basis (but obviously remains extremely elevated)…
Source: Bloomberg
Transportation Services are seeing prices fall…
Finally, we can’t help but get a sense of deja vu all over again here. What if… The Fed cuts (because bad – recession – data), Biden loses (because dementia), and inflation re-accelerates (just like in the 80s)…
Source: Bloomberg
Challenger job cuts in construction we the highest since 2008 putting downward pressure on wages.
(Excerpt) Read more at confoundedinterest.net ...
Right on time for the election.
Lies
Minor changes in the inflation rate are irrelevant.
What matters is pre-Biden prices and prices today.
Even the most brain dead voter knows what that means.
Inflation is slowing but prices are up.
Got it.
Guess you have to have Yellen’s genetics to understand that comment.
Poor Biden inherited this transitory inflation that has lasted almost 4 years now. He created millions of jobs. What more do people want from him. /s
Bottom Line
Core consumer prices are up just under 18% since Bidenomics began (+4.9% per annum) – that is dramatically higher than the 2.0% per annum Americans experienced under Trump…
With a flood of illegals needing housing, much of that fully subsidized by the government, the rents will go up by simple economics.
(but still above your nose and mouth)
Orange-man bad
That’s government math; spending more, but less than you wanted to is a “cut.”
Free markets and honest money.
Respecting the Constitution and Bill of Rights wouldn’t hurt either.
I don’t go by government reports. I go by how much money it costs me to live each month. Prices are definitely not going down. They continue to rise making it harder to survive. People I talk to are hoping for Trump to get back in office and provide some relief. I don’t know how much he can do but he will definitely do better than the current jackass stinking up the office.
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