Posted on 05/10/2023 6:29:35 AM PDT by ChicagoConservative27
Consumer prices rose 0.4 percent in April to hit an annual increase of 4.9 percent, according to inflation data released Wednesday by the Labor Department. That’s the lowest annual inflation rate since April 2021.
The consumer price index (CPI), which measures everything consumers spend money on from rent to gasoline, showed inflation accelerating slightly in April, in line with expectations but falling on an annual basis.
Economists had been expecting prices to accelerate by 0.4 percent in April, up from 0.1 percent in March, and projected annual inflation to hold steady at a 5 percent.
(Excerpt) Read more at thehill.com ...
The "target" inflation is about half that, meaning it is still twice as high as it should be.
The question is: has inflation slowed enough in the eyes of the Federal Reserve so they can resume hiking rates?
A lesson in both faux-news writing and politics.
Translation: "You are losing more slowly to inflation than in 2021, but you are still losing out to inflation." Se? It's a supposedly positive thing when said one way, and a negative thing when said another.
Alternate translation: "You're getting screwed more slowly than in 2021."
*sigh*
(((YAWN))) More nonsense from FJB’s “gubmit”. Nothing to see here except piles of BS.
Biden and democrats like to point out how the inflation rate has slowed down. What they avoid to tell the American people is that, prices of goods and services have continued to go up and not slow down.
The lowered inflation rate has not brought down prices accordingly.
Inflation rate going down year-over-year, means that, it’s gone down only compared to the inflation rate of the same month last year. But, compared to the inflation rate of the same month of two years ago, inflation has gone up over 10%. IOW, the inflation rate is cumulative and over the last two years, people are paying some 10-20% higher prices for goods and services.
Reporting on a lowered inflation rate is an attempt to lie to Americans about how prices have gone down. In fact, prices have gone up tremendously over the last 2 years.
When starter homes aren’t half a million dollars, then we might believe you.
lol - we still need to use more vasoline.. just as much more as last year.
I suppose the slowed inflation has only affected products and services I haven’t been consuming.
NONE of the figures match in this article.
All you have to do is look at how the price of petroleum is dropping like a rock since more and more are going broke!
How dare any of us question the benevolent intentions of the Biden (and Obama) team of financial wizards! After all the holy Hill wrote, "the April inflation report is encouraging."
Encouraged that people are losing, but at a slower rate. Yesiree, that's progress-ive.
Which means they are not done raising rates. Expect another .50 over the next six months. Then they will pause when unemployment gets to 3.8% or more.
Keep those weapons flowing to Ukraine.
Yes, that sounds about right.
the problem is that the core rate hasn’t moved down - and probably won’t unless energy prices come down, the housing market cracks wide open....the first is opposed by Joe’s Boys and the 2nd may happen at the rate the Fed is raising interest rates.
It helps a little that the gop Congress hasn’t pumped two or three trillion plus omnibills of Nancybucks into the economy the last 12 mos. But you can see the damage when you look at what $100 puts in your grocery cart.
Taking an alternative perspective, it can be accurately stated that each month that passes a month rolls off the annual figures - April ‘22 to April ‘23. That does not negate March ‘22 figures. April ‘23 inflation is added to that of March ‘23 and all months prior. The Biden economy began when Biden took office. Biden is responsible for every month in which inflation increases, that is every month. April ‘23 incrementally added to already bad inflation. It does not bring prices down.
An increase in wages can partly offset the inflation of prices for things you purchase, but an increase in wages is also inflationary to product and service prices. Inflation is reduced when there is less demand for products, or the raw inputs to products are less expensive, or there are fewer dollars in the economy, or there is higher labor productivity. Earlier this week it was announced that labor productivity fell for the fifth consecutive quarter. Raw material prices will fall when there is greater supply and/or acquisition costs decrease. Acquisition costs are affected by labor costs and labor productivity.
These are only some of the things and relationships associated with inflation. Leftist news headlines and articles that do not fully or accurately explain what is occurring. A trip to the grocery store and knowing Biden is President does.
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