Posted on 06/18/2023 5:49:34 AM PDT by bertmerc1
Bidenflation, as measured by the TIPP CPI using the same underlying data, reached 15.6% in May. It was 15.3% in April, 14.8% in March, 14.4% in February, and 13.7% in January.
By the middle of 2022, significant inflation had already taken hold. In May 2022, CPI inflation stood at 8.6 percent. While the official BLS CPI year-over-year increases will compare prices to already inflated bases in the coming months, these statistics might mask the full impact. Americans continue to feel the effects of inflation and face challenges with their expenses.
The annual CPI increase reported by BLS is 4.0% for May 2023. Compare this to the TIPP CPI of 15.6%, a 11.6-point difference. Prices have increased by 15.6% since President Biden took office. On an annualized basis, TIPP CPI is 6.8%. When compounded monthly, the rate is 0.52%, and when compounded annually, it is approximately 7.5%.
Food prices increased by 18.8% under President Biden's watch compared to only 6.7% as per BLS CPI, a difference of 12.1 points.
TIPP CPI data show that energy prices increased by 31.2%. But, according to the BLS CPI, energy prices declined by 11.2%. The difference between the two is a whopping 42.9 points.
The Core CPI is the price increase for all items, excluding food and energy. The Core TIPP CPI was 13.8% compared to 5.3% BLS CPI in the year-over-year measure, an 8.5-point difference.
Further, gasoline prices have increased by 41.7% since President Biden took office, whereas the BLS CPI shows that gasoline price has improved by 19.7%, a difference of 61.4 points.
(Excerpt) Read more at tippinsights.com ...
Real weekly wages have dropped 26 of the 28 months (93%) during the Biden presidency. The decline in real wages during the Biden presidency is the longest in history, surpassing the duration of the 2008-09 financial crisis.
In the immortal words of Bachman Turner Overdrive- “You ain’t seen nothin’ yet!”
But, but they just told us things were getting better.!
He lied. Shocker, I know.
It's getting worse, but at a slower rate. Like when a chipmunk gets run over in the road. With each passing day it can only get so much flatter.
Eventually it will be completely gone. Like our wealth and savings and ability to purchase food and fuel.
Just got an email about the renewal of our homeowner insurance. 17% increase. So I emailed our agent, and his reply a few hours later was - inflation. More flowery language in a few paragraphs about how the company is doing everything it can, but - inflation.
[In the immortal words of Bachman Turner Overdrive- “You ain’t seen nothin’ yet!”]
That’s what scares me
So.......I’ll be getting about a 15% increase in my Social Security next January?
I mean, we have hundreds of billions of dollars to ship overseas.
Be crazy if American taxpayer dollars were used to help American taxpayers.......
Lucky you I guess. Mine went up almost 90%. I expected about 30% so it was almost devasting. Car insurance up 20%. Flood up 30%. I’d like an open season on lawyers to counter this trend.
Remove Biden (25th amendment or he dies of natural causes) and it remains.
It is "military industrial complex inflation".
the renewal of our homeowner insurance. 17% increase.
Just got back from the grocery store—OUCH!!!
What I used to get for around $75 now is every bit of $100.
Really tough when you have dietary restrictions and must eat extremely healthy.
A dollar certainly went a great deal further under PDJT.
If only we can survive another year and a half under Brandon . . .
I’m going to assume Biden Republicans and other Anti Trump partisans are happy with the current economic situation.
Many of us tried to warn them, but “Orange Man Bad.”
Orange Man also said things their precious little “ears couldn’t take.”
The horror.(sarcasm)
Like you, I live in FL, the tort lawyer’s paradise on earth.
When my auto insurance went up 23% this year, I called my insurance co. to find out why.
The nice lady agent put me on hold for five minutes. When she came back, she said “Florida.”
Oh. Well yeah.
...just like that Bolshevik supremacist (Sam Harris) said 'Hunter Biden Literally Could Have Had the Corpses of Children in His Basement - I Would Not Have Cared'
(lie, cheat, steal, kill...must remove Trump at ANY/ALL cost)
Are these people worried Trump had access to documents that could expose the whole corrupt mess and bring down their greedy, perverted, cabal?
Bigger question....would people (today) give a sh*t (and do something about it) if he did?
You sure wouldn’t know this looking at the projected SS COLA
increase for 2024. They are talking about inflation being
around 2.5% for the year, and a COLA in that proximity.
This administration and it’s lackeys are some of the biggest
manipulators in the history of the planet.
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