Posted on 05/10/2023 9:29:07 AM PDT by rktman
The Bureau of Labor Statistics (BLS) released its April Consumer Price Index (CPI) report on Wednesday morning, and it's more bad news for the Biden administration and the Federal Reserve as their half-hearted fight to tame inflation continues to look largely ineffective at making a noticeable difference for the American people.
CPI inflation increased 0.4 percent in April, while costs rose 4.9 percent in the last 12 months. The core CPI number — excluding more volatile food and energy prices — also increased 0.4 percent month-over-month for April for a 5.5 percent annual advance.
(Excerpt) Read more at townhall.com ...
They don’t consider it to be bad news.
Joementia is a muti-millionaire and owns several properties even without working in a real job ever. Food inflation is never a problem for the senile Joe. His properties and stocks go up more with inflation.
Exactly....... if it’s part of a plan to fundamentally change America by destroying the economy its actually good news.
Media already portraying as a win
The Left Wing Economists are all over the news claiming the economy is doing great - Owner of Blackstone was on this morning saying the economy is fine
All I’ve been hearing is: “Inflation is going down.”
Gop is doing him a big favor trying to make him cut spending.
Nah, it’s all under control. Inflation is not coming down coupled with a stagnating economy. Train traffic way down, and corporate layoffs seem to be on a real run. The only positive thing in this economy seems to be the jobs numbers, which seem to clash with all these layoffs.
Sadly the takers in America are less likely to believe their lying eyes.
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