Posted on 03/14/2023 6:11:55 AM PDT by ChicagoConservative27
The consumer price index (CPI) rose by 0.4 percent in February for an annual increase of 6 percent, right in line with what economists had been expecting, according to data released Tuesday by the Labor Department.
The 6 percent annual inflation rate was the lowest yearly price increase since September 2021.
Without food and energy prices, which are more volatile, the CPI rose 0.5 percent in February and 5.5 percent over the past 12 months.
(Excerpt) Read more at thehill.com ...
We’re saved!
Well you knew they weren’t going to show a big increase with the banking crisis in play.
Prices rising is what the Brandon administration calls “inflation easying”? Somebody smokin’ too much happy smoke. FJB.
easying=easing.
Un-adjusted 12-mos. ended Feb. 2023:
Food - 9.5%
Food at Home - 10.2%
Fuel Oil - 9.2%
Energy Services - 13.3%
Shelter - 8.1%
Transoprtation Services - 14.6%
https://www.bls.gov/news.release/cpi.nr0.htm
The “rate” of inflation may be slacking up, but prices are still going up.
An increase is a decrease. A man can get pregnant. Okay, I’m starting to understand.
Doesn’t pass the eyeball test.
When you consider those numbers don’t include food and energy prices two things people have to buy to live making the CPI basically a worthless statistic, throw in housing prices and have triple crown of what is crushing Americans
Government statistics.
Inflation, unemployment, GDP, crime rates, Covid deaths, war casualties, environmental impact...
No one believes any of that $#!@ anymore.
They change the definitions, tabulation methods, and interpretation of that data faster than I change out my underwear.
Inflation was about 2 TIMES the official rate.
I call it the “government fudge factor.” Based on how it benefits them, they either multiply or divide whatever the stats really say by 2, 3, 10 or 100. Examples, Covid original 20% mortality rate turned into 20/100 in reality. Inflation is 2 times...
-—IOW, prices are high and will remain high.——
I think that prices will not only remain high but with an inflation rate of 6% will grow higher. So long as the rate of inflation is greater than 0, prices will continue to rise.
Some here, probably correctly, argue that the 6% rate is too low. The Biden regeime has determined that 6% is acceptable by the masses and will not allow publication by their propaganda organs of an actual rate that is greater
But yes, they are spinning it as good news. However, you need not worry because people may not see the reality of why, but the still feel the reality as evidenced by their buying habits. We can't create money, as the government can. We can only create more debt, and then only if we have access to credit. But even then as the credit load increases, even those people have to alter their purchasing habits. Unless of course they are foolish, or they have very large income amounts to play with.
Just understand that they are trying to fool people, but they really can't because the people feel no improvement. Just the pain of their own reality.
I'm embracing my new 'hippy look'...
There is a rate sign on my Barber’s wall
Haircut $20
Shave $40
Shave and a haircut is considerably in excess of Two Bits
The longer they keep adhering to these defective stats, the longer and more painful it will be.
By design.
The worst will come under the next POTUS, whom they intended to be someone other than a dem by picking legs-up.
It costs me $22 for a buzz cut. It used to cost $15.50. When a buzz cut was $15.50 I got my hair cut every 7 weeks. Now that it’s $22 I get my buzz cut every 10 weeks.
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